VA Home Loans
The VA doesn't give loans, they guarentee loans which are given by banks or mortgage companies. The gaurentee by the VA will get the vet a lower interest rate than he'd have otherwise been able to get.
You're eligible for a VA loan if you served during WWII, Korea, or Vietnam for at least 90 days under other than dishonorable conditions.
You're eligible if you served pre-1980 peacetime for at least 181 days.
Post 1980 you're eligible if you served 24 months of continuous active duty or 6 years of active reserves.
In some cases you qualify with shorter terms than any of the above specifications if you were seperated from active duty because of a service connected disability, a hardship, or other reasons.
You're eligible for a VA loan if you served during WWII, Korea, or Vietnam for at least 90 days under other than dishonorable conditions.
You're eligible if you served pre-1980 peacetime for at least 181 days.
Post 1980 you're eligible if you served 24 months of continuous active duty or 6 years of active reserves.
In some cases you qualify with shorter terms than any of the above specifications if you were seperated from active duty because of a service connected disability, a hardship, or other reasons.
Labels: va home loans
posted by Gary Carson at
1:48 AM
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