To be eligible for a VA Home Loan you must meet some requirements under your current VA status. For this series of articles we are going to be discussing Purchase Loans. VA guaranteed loans are available for homes for your own personal occupancy.
- Good Credit Score
- Sufficient income
- Valid Certificate of Eligibility (COE)
- Meet Service Requirement
Did you know that a VA Home Loan can be used for the following types of properties?
- Buy a home or a condominium unit in a VA-approved project
- Build a home
- Simultaneously purchase and improve a home (like a FHA 203K program)
- Buy a manufactured home and/or lot.