Veterans applying For VA Home Loans are often not sure if they would qualify for a VA new home loan or not. Here is some information that will hopefully assist those who may be considering buying a new home and using their VA benefits.
You may be eligible for a VA Home loan if:
You served at least 90 days of continuous active duty during World War II, the Korean War, the Vietnam Way or the Gulf Wars and you were discharged honorably.
You served at least 181 days of continuous active duty during any peacetime period, and you were discharged honorably.
You have served 181 days unless discharged or separated from a previous qualifying period of active duty service.
You completed a total of 6 years in the Selected Reserves or National Guard was discharged with an honorable discharge, placed on the retired list, was transferred to the Standby Reserve or continue to serve in the Selected Reserves.
You still may be eligible if you completed less than 6 years if you were discharged for a service-connected disability.
You may also be determined eligible if you are an un-remarried spouse of a veteran who died while in service or from a service connected disability, or you are a spouse of a service person missing in action or a prisoner of war
There have also been special eligibility requirements established for certain United States citizens such as Public Health Service officers, Cadets in the United States Military, Air Force, or Coast Guard Academy Cadets, midshipmen at the United States Naval Academy, officers of National Oceanic & Atmospheric Administration, and others.
For more information, go to http://www.benefits.va.gov/homeloans/