|Who is Eligible for a VA Loan?|
Who is Eligible for a VA Loan?
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. World War II (September 16, 1940 to July 25, 1947), Korean conflict (June 27, 1950 to January 31, 1955), and Vietnam era (August 5, 1964 to May 7, 1975) veterans must have at least 90 days' service. Veterans with service only during peacetime periods and active duty military personnel must have had more than 180 days' active service. Veterans of enlisted service which began after September 7, 1980, or officers with service beginning after October 16, 1981, must in most cases have served at least 2 years.
Persian Gulf Conflict
Members of the Selected Reserve, including National Guard, who are not
otherwise eligible and who have completed 6 years of service and have
been honorably discharged or have completed 6 years of service and are
still serving may be eligible. The expanded eligibility for Reserves and
National Guard individuals will expire September 30, 2003. Contact the
local VA office to find out what is needed to establish eligibility. Reservists
will pay a slightly higher funding fee than regular veterans.
Other VA Topics• 5 Steps to a VA Loan
• Financing Benefits
• Restoration of VA Loan Entitlement
• VA Loan Costs
• VA Loan Eligibility
• VA Loan Questions & Answers
• VA Loan Uses
• VA Offices
• Who is eligible for a VA Loan?
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