Eligibility Requirements
Veterans who served on active duty and were discharged under conditions other than dishonorable, during World War II and later periods are eligible for VA loan benefits.

Eligibility Questions
Question: How do I apply for a VA guaranteed loan?
Answer: You can apply for a VA loan at any mortgage company that participates in the VA home loan program.

Financing Benefits
More than 29 million veterans and service personnel are eligible for VA financing. Even though many veterans have already used their loan benefits, it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement.

VA Loan Purposes

• To buy a home, including townhouse or condominium unit in a VA-approved project.
• To build a home.
• To simultaneously purchase and improve a home.

Obtaining a VA Loan
The CRV (certificate of reasonable value) is based on an appraiser's estimate of the value of the property to be purchased.

VA Loan Costs
A basic funding fee of 2.0 percent must be paid to VA by all but certain exempt veterans. A down payment of 5 percent or more will reduce the fee to 1.5 percent and a 10 percent down payment will reduce it to 1.25 percent.

Restoration of Entitlement
Veterans who had a VA loan before may still have "remaining entitlement" to use for another VA loan. The current amount of entitlement available to each eligible veteran is $36,000.

VA Loan Questions & Answers
Question: Can I get a VA loan if I have had a bankruptcy in the last few years?
Answer: VA credit standards state that a veteran with a bankruptcy less than 3 years ago would generally not be considered a satisfactory credit risk unless:

VA Office Locations
VA has provided the following toll-free numbers for the convenience of veterans and dependents: