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Frequently Asked VA Eligibility QuestionsVA Eligibility Questions How do I apply for a VA guaranteed loan? You can do this by applying for a VA loan at any mortgage company that participates in the VA home loan program. At some point you will need to prove your VA loan eligibility. How do I get a Certificate of Eligibility? In order to get a Certificate of Eligibility, you need to submit Form 26-1880, Request for Determination of Eligibility and Available Loan Guaranty Entitlement. A copy of the form can be obtained by calling 800-827-1000 or you can get one online by clicking here (if you click on the link, be sure to put in the form number 26-1880). Send it to any VA Regional Office. You must include a copy of your DD-214 with the form 26-1880. If you are on active duty, you must submit a statement of service signed by, or by direction of, the adjutant, personnel officer, or commander of your unit or higher headquarters showing date of entry on your current active duty period and the duration of any time lost. There are more VA eligibility questions below.
I have already received one VA loan. Is it possible to get another one? The answer is yes, but it depends on the circumstances. If you have paid off your prior VA loan and disposed of the property, you can have your entitlement restored for additional use. To obtain restoration of entitlement, you must send VA a completed VA Form 26-1880 (if you click the link, be sure to put in the form number 26-1880), along with evidence that the property has been disposed of and the loan repaid in full. This evidence can be in the form of a payoff statement from the former mortgage company, or a copy of the HUD-1 settlement statement completed in connection with the sale of the property. The application can be presented to any VA Regional Office. A veteran can also obtain restoration of entitlement, on a one-time basis, if the prior VA loan has been paid in full and the property has not been sold yet. There are more VA eligibility questions below.
I have sold the property on an assumption. Why can't I get my entitlement restored to purchase a new home? Unfortunately, in this case the your entitlement can be restored only if the assumer is also an eligible veteran who is willing to substitute his or her entitlement for that of your original entitlement. Otherwise, you cannot have entitlement restored until the assumer has paid off the VA loan. My prior VA loan was assumed and the assumer defaulted on the loan. VA then paid a claim to the mortgage company. VA said it wasn't my fault and waived the debt. Now I need a new VA loan but am told that I am not eligible. Why not? or My prior loan was foreclosed on, or I gave a Deed in Lieu of Foreclosure, or VA paid a compromise claim. I was released from liability on the loan and/or the debt was waived. Can I get another VA loan? Although your debt was waived by VA, the Government has still suffered a loss on the loan. The law does not permit your entitlement to be restored until the loss has been repaid in full. If you have any other VA eligibility questions, do not hesitate to contact me.
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