Wednesday, October 3, 2018

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VA Loan requirements 2018

By: Admin On: October 03, 2018
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  • VA loan requirements 2018

    Basic VA Service Requirements:

    1.  90 consecutive days of active duty service 
    2.  181 days of active duty service during peacetime
    3.  6+ years in the Reserves or National Guard 
    4.  Active-duty Service 
    5.  National Guard and Reserves  


    Dishonorably discharged veterans are ineligible for a VA mortgage.

     These minimum terms of service requirement may be waived for veterans in certain circumstances. If they were discharged due to government convenience, hardship, reduction in force, certain medical conditions or a service-connected disability.

     Who else is eligible for VA home loans:

    1.  Active duty Service 
    2.  Service persons on active duty who have served for 90 consecutive days of active service are eligible     
    3. Reservists and Members of the National Guard 
    4.  Cadets of the U.S. Military, Air Force, or Coast Guard Academy
    5.  World War II Merchant Seamen
    6.  Midshipmen at the U.S. Naval Academy 
    7.  U.S. Public Health Service officers 
    8.  National Oceanic & Atmospheric Administration officers