Loans for U.S. Veterans

In honor of Veterans Day, let’s answer some questions about VA loan eligibility.

Q: Where can I get a VA loan?

A: You can apply for a VA loan from any mortgage lender (bank, broker, or direct lender) that participates in the VA loan program. Simply call the bank you do business with and a mortgage broker. Ask up front if they do VA loans. You still want to compare 2-3 offers, even with the VA loan.

Q: How can I get my Certificate of Eligibility?

A: No worries, your lender can get it for you. Or, you can complete a VA Form 26-1880 if you want to do it yourself.

Q: If I already had one VA loan, can I get another one?

A: Yes, your eligibility is reusable depending on circumstances. Normally, if you sold the home and paid off the VA loan, you can obtain another VA loan. Also, on a one-time only basis, you can take out a second VA loan if you still own the home, providing the VA loan is paid in full.

Q: I am the surviving spouse of a deceased veteran. Am I eligible for a VA loan?

A: The unmarried surviving spounds of a veteran who died on active duty or as the result of a service-connected disability is eligible for a VA loan. For more information, contact the VA Eligibility Center.

Q: Are children of a living or deceased veteran eligible for a VA loan?

A: No, the VA loan benefit does not extend to children of the veteran.

From the bottom of my heart, I express my appreciation, gratitude, and respect for all of our U.S. veterans and military. God bless you and your families.

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