Loans guaranteed by the VA require military service for eligibility. A certificate of eligibility is issued to the veteran. If you have served in the military or were activated from the National Guard, you may be eligible. Type “VA loans” into your search engine or go to www. va.gov, click on “Benefits,” and then click on “Home Loans,” for complete information.
Although you can contact the VA directly to determine eligibility, the VA recommends that you first contact a lender. Most lenders now have access to a database that will enable them to determine whether you are eligible. A second reason to see a lender first is the same as for any loan that you plan to get; you can be prequalified or preapproved. You will have a good idea of the price range that is realistic for your new home. Call your local VA office for a list of lenders in your area.
It is important to note that spouses of deceased veterans may be eligible. There are also special programs for disabled veterans and direct loans to Native Americans for certain tribal lands.