Veterans who have served a minimum of 90 days active duty during war or 181 days during times of peace and were honorably discharged from the Armed Forces may receive a loan for the purchase of a home, called a Veterans Affairs home loan or VA loan. To use the benefit, the veteran must use a mortgage lender that has been approved by the VA to issue VA loans, commonly called a VA lender.
Things You'll Need
- Certificate of VA Eligibility
Visit the US Department of Veteran Affairs website (see Resources). Locate the nearest VA regional loan center. The nearest center may be within your state or a neighboring state.
Call the nearest VA regional loan center and tell them you are interested in financing a home using your VA entitlement. Ask for VA approved lenders in your area.
Contact the lenders provided by the VA regional loan center. Ask the lenders for details on the experience the company has with VA loans. VA-approved lenders have varying levels of experience. Find a VA lender with experience, if possible, in your area.
Tips & Warnings
- VA loans are available up to $417,000 as of July 2010.
- A veteran can only have one active VA loan at a time.
- Photo Credit veteran image by araraadt from Fotolia.com
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