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Do we qualify for a VA loan?

My wife is prior military and we were wondering if we qualify for a VA Loan. The lender sent a request for a Certificate of Eligibility, but said it can take up to 2 weeks before we find if we qualify.

So, since we hate waiting we were hoping to see if any experienced people may be able to fill us in?

My wife's certifcate of release basically says this...

Date entered AD This Period: 2/28/2003

Separation Date This Period: 1/14/2005

Net Active Serice This Period: 1yr 10mon 17days

Discharged under Honorable Conditions (General)

3 Answers

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  • 7 years ago

    First you have the Discharge backwards...

    It is a "GENERAL" Discharge...

    The Character of Discharge is "Under Honorable Conditions"...

    but is NOT the Discharge...

    Which means that she received an "Involuntary Separation"

    and NEVER Completed Her Enlistment Contract...

    Depending upon the RE Code and Separation's Code

    they will tell you how bad it was...

    Be Advised that ALL Military Benefits are based upon

    your Completing your Enlistment Contract and receiving

    an "Honorable Discharge"...

    Anything Less is a Punitive Discharge...

    Which results in Loss of Benefits...

    (You Play You Pay...)

    So with keeping that in mind...

    Doubt if you will Qualify for a "Certificate Of Eligibility" from the Dept. of VA !!!!

    As you Never Earned it !!!!

    Source(s): ME...20+ years as a VSO & 100% Combat Disabled...
  • 7 years ago

    It's not possible to say with certainty that she's eligible. There is a 24 month rule for anyone who joined on the date that you listed, however that is reduced to 90 days if she was called to active duty and fulfilled the entire commitment that she was called up for.

    She should apply for the C of E and see what happens.

  • John
    Lv 6
    7 years ago

    I am a vet with a VA loan. Based on what you provided, the answer to your question is 'YES'. You qualify for a VA loan.

    For eligibility requirements go here http://benefits.va.gov/homeloans/purchaseco_eligib...

    For info on how much you can get try http://benefits.va.gov/homeloans/purchaseco_loan_l...

    Make sure all the websites you visit have dot VA dot GOV at the end or you may be scammed.

    We the VA, you can purchase without a down payment and possibly finance your closing costs. I purchased a home with no down and no out of pocket costs. With my credit score, my Fixed 30year mortgage came in at three percent.

    If you can post a question here, you can find all your answers about veterans benefits right here http://www.benefits.va.gov/benefits/

    Welcome Home and thank you for your service. God Bless America.

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