An Overview of VA Military Loan

VA Military Loans

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!


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