VA Eligibility

VA home loan eligibility is determined by the Department of Veterans Affairs (VA) and is available to veterans, active-duty service members, National Guard members, reservists, and certain surviving spouses. The program aims to help eligible individuals purchase, build, repair, retain, or adapt a home for personal occupancy. VA loans are known for their advantages, such as no requirement for a down payment or private mortgage insurance (PMI), competitive interest rates, and lenient credit requirements.
Eligibility Factor Basic Eligibility Criteria Notes/Exceptions
Service Time 90 consecutive days of active service  During wartime
  181 days of active service  During peacetime
  6 years in the Reserves or National Guard Served 90 days with at least 30 consecutively under Title 32 Orders
Discharge Type Discharge under conditions other than dishonorable. Certain cases allow for eligibility with other than honorable discharge. Situations like if you were discharged for service-connected disability or a medical condition. 
Home Use For purchasing, building, repairing, or refinancing a primary home. Not for investment properties or second homes.
Certificate of Eligibility (COE) Must obtain a COE as proof of eligibility. Can be applied for online through a VA approved lender, through the eBenefits portal, or by mail.
Loan Limits No VA-imposed loan limits for qualifying borrowers. Lenders might impose their own limits based on loan type, property type, credit and income.
Funding Fee A percentage of the loan amount; varies based on type of loan and service. Fee can be financed; some are exempt, including recipients of VA compensation for service-connected disabilities and surviving spouses.
Credit & Income No VA-mandated credit score minimum. Lenders generally require a minimum credit score; income requirements vary.

Get Started

Start Your Texas Vet or VA Loan

Find Out How Much You Qualify For There is No Cost or Obligation!

First Name*(Required)
This field is for validation purposes and should be left unchanged.