Guaranteed VA Loans: Who is Eligible for a VA Home Mortgage?

July 17, 2015 251 No Comments


Guaranteed VA Loans: Who is Eligible for a VA Home Mortgage?

Who is eligible for a VA Loan?

Wartime/Conflict Veterans

Veterans who were NOT Dishonorably Discharged, and served at least 90 days
World War II – September 16, 1940 to July 25, 1947
Korean Conflict – June 27, 1950 to January 31, 1955
Vietnam Era – August 5, 1964 to May 7, 1975
Persian Gulf War – Check with the Veterans Administration Office
Afghanistan & Iraq – Check with the Veterans Administration Office
Veterans Administration website

Peacetime Service

At least 181 days of continuous active duty with no dishonorable discharge. If you were discharged earlier due to a service-related disability you should contact your Regional VA Office for eligibility verification.

July 26, 1947 to June 26, 1950
February 1, 1955 to August 4, 1964, or May 8, 1975 to September 7, 1980 (Enlisted), or to October 16, 1981 (Officer)
Enlisted Veterans whose service began after September 7, 1980, or officers who service began after October 16, 1981, must have completed 24-months of continuous active duty and been honorably discharged

Reserves and National Guard

Certain U.S. Citizens who served in the Armed Forces of a government allied with the United States during World War II.
Surviving spouse of an eligible Veteran who died resulting from service, and has not remarried.
The spouse of an Armed Forces member who served Active Duty, and was listed as a POW or MIA for more than 90-days.

Jim DeCamp Mortgage Broker
489 S State Road 135 #B
Greenwood, IN 46142
(317) 207-4435


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