The VA Home Loan requires 2 forms. The DD-214 and the VA Certificate of eligibility. Simple enough right? Wrong. These 2 forms have caused much confusion for Veterans when applying for the VA Home Loan.
First we will take a look at the DD-214 which we all know as our discharge paperwork.
The reason why the DD-214 is so important on the VA Home Loan is because it tells the lender what type of discharge you had from the military which will determine if you are eligible for your VA Home Loan Benefits.
As many Veterans know this form is incredibly important for more reasons than just using your VA Home Loan.
So if for some reason you have misplaced, or lost it, thats okay. This form can be ordered from the Veterans Archives Website at http://www.archives.gov/veterans/military-service-records/
Now please understand that you MUST have this form prior to applying for your VA Home Loan. I say this because if for some reason it’s lost or misplaced it can delay your home buying experience causing stress for you and everybody involved on the transaction.
The VA Certificate of Eligibility causes much confusion for Veterans when attempting to use their VA Home Loan benefits.
Furthermore, this form is designed to tell both lender and the Veteran that the Veteran has sufficient entitlement/guarantee to use the VA Home Loan.
Veterans, please understand that just because we may have a VA COE does not mean that we automatically qualify for the VA Home Loan.
A Veteran can have a VA COE and be eligible for the VA Home Loan and still not have the minimum credit score that the lender requires which is 600.
To apply for your Certificate of Eligibility you may do so by contacting me directly at https://www.valoansforvets.com/contact-me/