An Overview of VA Military Loan

An Overview of VA Military Loan

VA Military loans, more commonly known as VA home loans, are low-cost mortgage facilities available to Veterans, active military members, reservists, and selected family members.

With a long list of benefits, this government-backed loan has helped millions of Veterans who were on the verge of getting homeless.

Here’s your guide on how to navigate this most-renowned benefit available to service members.


VA military loans are mortgage facilities backed by the US Department of Veterans Affairs (VA). They are no-down mortgage opportunity that comes with VA military loans benefits like-

  • No downpayment requirement
  • Lowest interest rates
  • No PMI requirements
  • No pre-payment penalties
  • Government-guarantee
  • Flexible guidelines
  • Easy eligibility criteria

While these loans are backed by the VA, it’s important to note that they are provided by a VA-approved private lender. To qualify for a VA military loan, you must attain the Certificate of Eligibility (COE) by satisfying few eligibility requirements.


As stated above, to stand eligible for a VA military loan, you must attain the Certificate of Eligibility (COE).

To qualify for a COE, you must either of the following conditions-

  • You are an active/former military member who has served at least 90 consecutive days during wartime or 181 consecutive days during peacetime, OR
  • You are a national guard with at least six years of experience, OR
  • You are a spouse/family member of a Veteran who either went MIA, was a POW or died in the line of service or from a service-related injury/disability.

In addition to qualifying for a COE, you must also satisfy the lender’s financial requirements to qualify for a VA military loan.


Unlike other conventional mortgages available in the market, VA home loans are easier to qualify for and come with flexible guidelines.

Here are six basic steps of a VA loan process

  1. Attain a Certificate of Eligibility (COE).
  2. Get pre-approved to get an estimate of how much you can afford.
  3. Go house-hunting and make a purchase offer.
  4. Get the property VA-appraised and sign the underwriting.
  5. Loan closing
  6. Move-in!


No Comments

Post A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Log in

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy