Find out if you qualify for a VA loan
VA loans from Proper Rate offer outstanding benefits to U.S. military members. Are you eligible? Here are the requirements for VA loan eligibility:
Who qualifies?
- Veterans with two years of continuous active duty who were discharged at least under honorable conditions
- Veterans with six years of service in the Selected Reserves or National Guard and an honorable discharge
- Veterans with 90 days of active-duty wartime service and an honorable discharge
- Current members of the US Armed Forces
How can I prove eligibility?
- VA Form 26-8320, Certificate of Eligibility for Loan Guaranty Benefits OR
- VA Form 26-8320a, Certificate of Eligibility for Loan Guaranty Benefits (Reserves/National Guard)
- A Certificate of Eligibility is the only reliable Proof of Eligibility for the lender
What documents are required?
- Sales contract
- Application (FNMA 1003)
- 2 years of signed tax returns and W-2 forms
- 30 days of recent paystubs
- VA eligibility and DD-214
Additional Qualifications:
Must meet minimum FICO score requirements.
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Proper Rate for current rates and for more information.
Proper Rate, LLC is a registered trademark of Guaranteed Rate, Inc., used under license. Proper Rate, LLC is a subsidiary of Guaranteed Rate, Inc. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.
Down payment requirements may increase due to loan attributes. Please contact your loan professional for more info.