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Kristen Harris

Who Is Eligible For a VA Loan?

Sunday, February 7, 2010 - Article by: Kristen Harris - Home Savings of America - Message

Virtually all active military and veterans are eligible for a 100% VA financing. However, I have listed below additional details on who is and who is not eligible for 100% VA financing.

  • Veterans are eligible if served for 90 days during war time or 180 continuous days during peace time
  • Current active duty personnel are eligible if served 90 days during war time or 180 continuous days in peace time
  • Selected reserves and National Guard are eligible if completed 6 years as a member of an active unit
  • The un-remarried spouse of a military member who died while in service is eligible
  • Any service member (including reserves) discharged for service connected to disability regardless of time served is eligible

Some highlights of VA financing:

  • 100% financing!
  • Low 30 year fixed interest rates
  • No monthly mortgage insurance
  • You don't need perfect credit
  • Flexible income qualification

There are others ways to be eligible for VA financing that are not listed above. Please contact me if you have questions so I can order your certificate of eligibility today!

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