Persons who may qualify for VA-guaranteed loans include:
- Eligible Veterans / Service member
- Current Reserve and National Guard members (usually after 6 years of service)
- Certain surviving spouses
VA home loans require the Veteran or the Veterans' spouse must certify occupancy for the property. Now, the dependent child of an active duty Service member may satisfy the occupancy requirement for a VA home loan.
Length-of-service requirements apply in most cases.
Generally, in order to receive VA benefits and services the Veteran/Service member's character of discharge or service must be under other than dishonorable conditions (e.g., honorable, under honorable conditions, general). However, Reserve and National Guard members must have an honorable discharge. Sometimes, Veterans/Service members receiving undesirable, bad conduct and other types of dishonorable discharges may qualify for VA benefits depending on a determination made by VA.
VA accepts credits scores to 580... even lower under certain circumstances (case by case). Thank you for considering Local Alabama VA Experts and Thank you for your service!