You're in the right place. Here you can learn about VA home loan eligibility requirements for a VA direct or VA-backed loan, or find out how to apply for a Certificate of Eligibility COE to show your lender that you qualify based on your service history and duty status. Keep in mind that for a VA-backed home loan, you'll also need to meet your lender's credit and income loan requirements to receive financing.
Can I use a COE I used before?
Have you sold the home you bought with the prior loan and have paid that loan in full?
Yes. I used a loan, but I finished paying it back in full last year.
In that case you may be able to restore an entitlement you used in the past to buy another home with a VA direct or VA-backed loan if you meet at least one of the requirements.
Can you tell me the requirements then?
Yes, one of them is that you must be a U.S. citizen who served in the Armed Forces of a government allied with the United States in World War II.
I see. Well, what if I have received a bad conduct? Those were very turbulent times and everyone made mistakes.
In that case you may not be eligible for VA benefits.
And how can I apply for my COE?
You can apply online right now.
Right now? That's great. I might have to request an entitlement restoration though. How can I do that?