Real Estate Tips: VA Home Loans

If you qualify for a VA Home Loan, it is a great opportunity to purchase a home without putting any money down towards the sale price.

You may be eligible for a VA Home Loan if you meet one or more of the following:

  • You have served 90 consecutive days of active service during wartime,
  • You have served 181 days of active service during peacetime,
  • You have more than 6 years of service in the National Guard or Reserves,
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

Once you have determined if you’re eligible, there are a few things you can do prior to finding a home to buy that can make the process go much smoother.

Run your own credit report. Errors show up sometimes, so look it over closely before the lender runs your credit report.

Obtain your Certificate of Eligibility (COE) from the VA. This certificate isn’t necessary to start your home buying process, but it will be required later to verify your length and character of service. This tells the VA is you are eligible to use the VA home loan benefits. To start the process yourself, you can visit the Veterans Administration site at .

Gather some of the necessary documents your lender will require:

  • Bank statements for the last2 months.
  • All W2s for the last 2 years.
  • Last 2 years of Federal Tax Returns.
  • Pay stubs for the last 30 days.
  • Copy of each borrower’s identification.

For more advice on buying or selling, visit my sites at and .