VA loan eligibility 2023

To be eligible for a VA loan, you must meet the following requirements:

•     You must be a military service member, a veteran, or the surviving spouse of a military service member.
•     You must have served on active duty for at least 90 days, or for at least 181 days during peacetime.
•     You must have been discharged under honorable conditions.
•     You must have a good credit history.

In addition to these requirements, you may also be eligible for a VA loan if you were discharged for one of the following reasons:

•     Hardship
•     Convenience of the government
•     Early out
•     Reduction in force
•     Certain medical conditions
•     A service-connected disability

If you are not sure if you are eligible for a VA loan, you can contact the VA to request a Certificate of Eligibility (COE). The COE will show you if you meet the eligibility requirements and what your VA loan limits are.

Here are some additional things to keep in mind about VA loan eligibility:

•     The VA loan limits vary depending on the location of the property you are buying.
•     You may be able to get a VA loan even if you have a credit score below 620.
•     You may be able to get a VA loan with no down payment.

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Description: VA loan eligibility 2023