VA Loans

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What is a VA Loan?

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs via the GI Bill of Rights. The VA loan program offers mortgages to American veterans and their spouses (as long as their spouses do not remarry).

Who is eligible for a VA-backed loan?

  • Veterans
  • Active duty personnel
  • Reservists/National Guard members
  • Some surviving spouses*

* While all applicants for VA loans must apply for a Certificate of Eligibility (COE) prior to applying for the loan, surviving spouses must apply online at the U.S. Department of Veterans Affairs. Our loan officers can assist you in applying for your COE online at our White Plains offices.

How Do I Prove to the Lender that I’m Eligible?

You’ll need a Certificate of Eligibility before you can get a VA-backed loan. We can assist you in obtaining your COE. Please see the paragraph directly below.

How can Homerica Mortgage Corporation help me apply for a VA-backed loan?

Homerica Mortgage Corporation works with qualified lenders to provide eligible veterans with VA-backed loans. In many cases, we can assist you in obtaining a Certificate of Eligibility (COE) online in minutes. Should you decide to ask us for assistance in obtaining your COE, we’ll need evidence according to the nature of your eligibility.

Required Evidence:


Evidence and Required Documents for Veterans, Active Duty, and Reservists/National Guard Members Who Have Served on Active Duty

If you are a Veteran (including members or former members of the National Guard or Reserves who were once activated for Federal Service), you should submit:

  • DD Form 214

Click here to obtain your DD Form 214.

We are required to have a copy showing the character of service (item 24) and the narrative reason for separation (item 28).

If you are an Active Duty Servicemember, you should submit:

  • A current statement of service signed by (or by the direction of) the adjutant, personnel office, or commander of the unit or higher headquarters, showing:
    • Your full name
    • Social Security Number
    • Date of birth
    • Entry date on active duty
    • The duration of any lost time
    • The name of the command providing the information


Evidence and Required Documents for Reservists/National Guard Members Who Have Never Served on Active Duty

If you are serving now in the Selected Reserve or the National Guard and have never been activated for federal service, you should submit:

  • A statement of service signed by (or by the direction of) the adjutant, personnel officer or commander of your unit or higher headquarters, showing:
    • Your full name
    • Social Security Number
    • Date of birth
    • Entry date on duty
    • The total number of creditable years of service
    • The duration of any lost time
    • The name of the command providing the information

If you are a discharged member of the National Guard who has never been activated for federal service, you should submit, either:

  • NGB Form 22, Report of Separation and Record of Service, for each period of National Guard service

OR

  • NGB Form 23, Retirement Points Accounting, and proof of the character of service.

If you are a discharged member of the Selected Reserve who has never been activated for federal service, you should submit:

  • A copy of your latest annual retirement points statement and evidence of honorable service.


Evidence and Required Documents for Surviving Spouses of Veterans Who Died In Service or As a Result of Service

If you are the surviving spouse of a servicemember who died on active duty and you’re already receiving Dependency and Indemnity Compensation (DIC), you don’t need to submit any documents.

If you don’t receive DIC, you should submit:

  • A copy of the DD Form 1300 (Report of Casualty) from the military
  • A copy of your marriage certificate

Download a copy of DD Form 1300 directly below in PDF format:

  DD Form 1300 - Report of Casualty (46.9 KiB, 494 hits)

Please add a simple signed statement saying that you would like to apply for DIC. If you qualify for the home loan benefit, you most likely qualify for monthly payments under DIC as well.

Please note: Be sure to add the servicemember’s social security number on all documents.

If you are the surviving spouse of a veteran who died as a result of military service and you’re already receiving Dependency and Indemnity Compensation (DIC), you should submit:

  • A copy of your award letter.

(Generally, you will already have a record on file at a VA regional benefits office.)

If you don’t receive Dependency and Indemnity Compensation (DIC), please provide:

  • A copy of the veteran’s DD Form 214
  • A copy of the veteran’s death certificate
  • A copy of your marriage certificate

Click here to obtain your DD Form 214.

Be sure to add a simple signed statement saying that you would like to apply for DIC. If you qualify for the home loan benefit, you most likely qualify for monthly payments under DIC as well. Please be sure to add the servicemember’s social security number on all documents.

What if I Don’t Need Assistance Obtaining My COE But I Still Want to Apply for a VA Loan?

If you don’t feel that you need our assistance in obtaining your COE, you can still apply for your VA loan with Homerica Mortgage Corporation. Simply download VA Form 26-1880 below, fill it out – instructing the DVA to send your COE to Homerica Mortgage Corporation – and send it to:

Department of Veterans Affairs
Eligibility Center
P. O. Box 20729
Winston-Salem, NC 27120

Please note: Be sure to fill out Item 7B on VA Form 26-1880 with our address:

Homerica Mortgage Corporation
235 Mamaroneck Ave
White Plains, New York 10605

Military Service Requirements for VA Loan Eligibility

Please note: Applications involving other than honorable discharges will usually require further development by VA. This is necessary to determine if the service was under other than dishonorable conditions.

Wartime – Service During:

  • WWII: 9/16/1940 to 7/25/1947
  • Korean: 6/27/1950 to 1/31/1955
  • Vietnam: 8/5/1964 to 5/7/1975

You must have at least 90 days on active duty and been discharged under other than dishonorable conditions. If you served less than 90 days, you may be eligible if discharged for a service connected disability.

Peacetime – Service during periods:

  • 7/26/1947 to 6/26/1950
  • 2/1/1955 to 8/4/1964
  • 5/8/1975 to 9/7/1980 (Enlisted)
  • 5/8/1975 to 10/16/1981 (Officer)

You must have served at least 181 days of continuous active duty and been discharged under other than dishonorable conditions. If you served less than 181 days, you may be eligible if discharged for a service connected disability.

Service after 9/7/1980 (enlisted) or 10/16/1981 (officer)

If you were separated from service which began after these dates, you must have:

  • Completed 24 months of continuous active duty or the full period (at least 181 days) for which you were ordered or called to active duty and been discharged under conditions other than dishonorable — OR
  • Completed at least 181 days of active duty and been discharged under the specific authority of 10 USC 1173 (Hardship), or 10 USC 1171 (Early Out), or have been determined to have a compensable service-connected disability;
  • Been discharged with less than 181 days of service for a service-connected disability. Individuals may also be eligible if they were released from active duty due to an involuntary reduction in force, certain medical conditions, or, in some instances for the convenience of the Government.

Gulf War – Service during period 8/2/1990 to date yet to be determined

If you served on active duty during the Gulf War, you must have:

  • Completed 24 months of continuous active duty or the full period (at least 90 days) for which you were called or ordered to active duty, and been discharged under conditions other than dishonorable — OR
  • Completed at least 90 days of active duty and been discharged under the specific authority of 10 USC 1173 (Hardship), or 10 USC 1173 (Early Out), or have been determined to have a compensable service-connected disability — OR
  • Been discharged with less than 90 days of service for a service-connected disability. Individuals may also be eligible if they were released from active duty due to an involuntary reduction in force, certain medical conditions, or, in some instances, for the convenience of the Government.

Active Duty Service Personnel

If you are now on regular duty (not active duty for training), you are eligible after having served 181 days (90 days during the Gulf War) unless discharged or separated from a previous qualifying period of active duty service.

Selected Reserves or National Guard

If you are not otherwise eligible and you have completed a total of 6 years in the Selected Reserves or National Guard (member of an active unit, attended required weekend drills and 2-week active duty for training) and

  • Were discharged with an honorable discharge, or
  • Were placed on the retired list, or
  • Were transferred to the Standby Reserve or an element of the Ready Reserve other than the Selected Reserve after service characterized as honorable service, or
  • Continue to serve in the Selected Reserves

Individuals who completed less than 6 years may be eligible if discharged for a service-connected disability.

Unremarried Surviving Spouses/Spouses of POW or MIA Serviceperson:

  • If the surviving spouse is an unremarried spouse of a veteran who died while in service or from a service connected disability, or
  • If the surviving spouse is a spouse of a serviceperson missing in action or a prisoner of war

Please note: A surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003, may be eligible for the home loan benefit. However, a surviving spouse who remarried before December 16, 2003, and on or after attaining age 57, must have applied no later than December 15, 2004 to establish home loan eligibility. The VA has to deny any applications from surviving spouses who remarried before December 6, 2003 that are received after December 15, 2004.

Eligibility may also be established for:

  • Certain United States citizens who served in the armed forces of a government allied with the United States in WW II.
  • Individuals with service as members in certain organizations, such as Public Health Service officers, cadets at the United States Military, Air Force, or Coast Guard Academy, midshipmen at the United States Naval Academy, officers of National Oceanic & Atmospheric Administration, merchant seaman with WW II service, and others.

Apply now or call us today at 877-451-3100.

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