The Department of Veterans Affairs sets the basic service requirements for VA loan eligibility. The guidelines include meeting one or more of these conditions:
- Active service: You've served 90 consecutive days of active service during wartime or 181 days of active service during peacetime.
- National Guard or Reserves: You have more than six years of service.
- Spouses: You are the spouse of a service member who died as a result of a service-related disability or died in the line of duty.
You may begin the VA loan process without a VA Certificate of Eligibility (COE) that verifies your service, but one will be needed as part of your VA home loan application.
Keep in mind that the private lender that finances your VA loan will also take its own set of criteria into consideration when reviewing your application. These factors may include your income, creditworthiness and debt. If you have questions about Space Coast Credit Union's VA loan application process and requirements, please contact us