Before you can even apply for a VA home loan, you will need a COE. This document tells the lender how much VA loan entitlement you have available among other things. A COE can be obtained online, by mail or instantly through your lender depending on how you became eligible. You’ll need to gather a little information first.
Veterans who are applying for VA home loans can consult the eligibility table on the Department of Veterans Affairs website to determine if they meet the service requirements for a VA loan. They will then need to supply DD Form 214 for proof of service. A copy of this document will show character of service and the reason for separation from the military.
Active duty servicemembers will need to gather a current statement of service signed by the commanding officer or personnel office of the service unit or higher headquarters. The statement must include your full name, Social Security number, date of birth, entry date of active duty, the duration of any lost time and the name of the command providing this information. Active duty members could be eligible after just 90 days of continuous service during wartime.
National Guard or Special Reserves
If you are a member of the National Guard or Special Reserves who has never completed active duty under Title 10, you will need to provide the same documentation as active duty servicemembers for proof of service. Additionally, National Guard members and Reservists need six total years of credible service to be eligible unless you meet the minimum active duty requirements.
Surviving spouses of individuals who died under circumstances that qualify for spouse home loan benefits must show documents if they already receive Dependency and Indemnity Compensation. If they don’t receive DIC, they will need to send a copy of DD Form 1300 along with their marriage certificate to the VA Eligibility Office in Atlanta. Recent changes have expanded surviving spouse eligibility. If you survived a disabled veteran who died of any cause, it’s possible you may be eligible for a VA loan.
Your best bet is to contact a VA Specialty Lender to get started.