What are the criteria to qualify for a VA home loan?
To qualify for a VA home loan, you must:
- Meet credit and income standards (i.e. good credit, and sufficient income to repay loan);
- Have a valid Certificate of Eligibility (COE, obtained by submitting VA Form 26-1880);
- Use the home for your own personal occupancy;
- Have been discharged under conditions other than dishonorable; and,
- Meet time-in-service requirements.