VA Home Loan – Your Eligibility COE

Posted by

Confirming VA home loan eligibility is one of the first steps veterans should take when applying for a VA home loan.  Thankfully, VA mortgage eligibility is documented on a from called a “Certificate Of Eligibility” or “COE” for short.

Who is Eligible for a VA Home Loan?

There are 4 types of VA Entitlement:

  1. Veterans
  2. Active duty personnel
  3. Reservists/National Guard members
  4. Some surviving spouses

Each VA eligibility category requires a slightly different eligibility documentation process.  In fact, VA provides an easy to follow chart outlining the steps to follow for each VA loan eligibility type.  Learn more

VA COE Orders Made Easy Online

VA’s user friendly online resources make ordering a VA Certificate of Eligibility simple (most of the time).  While VA’s online resources make ordering a COE a snap it is not quite perfect.   In fact, Arizona VA Mortgage Lenders succeed 30% to 50% of the time using the online system.   Consequently, the other 50% to 70% of VA certificate of eligibility orders require manual processing and take up to 2 weeks to complete.

When the veteran’s lender obtains the COE they determine the veterans VA loan eligibility.   Full VA eligibility reflects as $36,000 in entitlement on the Veteran’s Certificate of Eligibility.  When a Veteran’s entitlement shows less than $36,000 on the Certificate of Eligibility they need to have their lender try using their BONUS ENTITLEMENT.

By Jeremy House

One comment

Leave a Reply

Your email address will not be published. Required fields are marked *