How Do I Use My Va Loan

Steps to finding a home Apply for your VA-backed home loan Certificate of Eligibility (COE). You’ll need to show your COE to your lender as proof that you qualify for the home loan benefit. Look at your current finances. Go over your credit profile, income, expenses, and monthly budget to make sure you’re ready to buy a home. Choose a lender.

Make changes or add new features (like solar power) to make your home more energy efficient Use your VA loan benefit again if you sell or refinance a home you bought with a VA-backed home loan

To check eligibility, first obtain your DD Form 214. With that document, a VA-approved lender can request your VA Certificate of Eligibility for you, or you can request it directly from VA’s eBenefits website. You may be eligible to buy a home using a VA home loan, even if you served long ago.

The VA gives borrowers a one-time opportunity to fully restore their entitlement without selling or otherwise disposing of their home. This benefit essentially allows veterans to retain an investment property or a second home and purchase again using the full reach of their entitlement.