How To Get Approved For Va Loan

Learn how to apply for a VA home loan Certificate of Eligibility (COE). This is the first step in getting a VA-backed home loan or Native American Direct Loan. It confirms for your lender that you qualify for the VA home loan benefit. Then, choose your loan type and learn about the rest of the loan application process.

VA Home Loans. Eligibility. You must have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy.

Here are four keys to VA loan approval: Borrowers must, first and foremost, be eligible for VA home loans. This means they must have satisfied the service requirements and have enough "entitlement" available to be considered for a VA loan. Entitlement is a word used to refer to the amount the VA will guarantee for a particular veteran borrower.

It gives the seller peace of mind knowing you’re able to afford the home. When you’re ready to get started on your VA loan preapproval, contact an approved VA home loan lender to start the process. Top VA loan lenders are able to confirm your VA loan eligibility by pulling your Certificate of Eligibility through the VA’s automated system.