VA Loans: What Are The Eligibility Criteria?
From time to time, people ask about what it takes to be eligible for a VA loan so we thought we would note the main criteria. If you have more questions about whether or not you are eligible for a VA loan, be sure to consult with a loan officer who works for a FHA/VA approved lender, they can help you determine your eligibility.
- Veterans who served on active duty and have a discharge other than dishonorable after a minimum of 90 days of service during wartime or a minimum of 181 continuous days during peacetime.
- 2 years requirement if the veteran enlisted and began service after September 7, 1980 or was an officer and began service after October 16, 1981
- 6 year requirement for National guards and reservists with certain criteria and there are specific rules concerning the eligibility of surviving spouses
- If you are now on regular duty (not active duty for training), you are eligible after having served 181 days unless discharged or separated from a previous qualifying period of active duty
- If you are an spouse of a veteran who died while in service who has not re-married
- If you are a spouse of a service person who is currently MIA or a POW
- If you are a surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003, you may be eligible