Happy Birthday USA! July 4th-the day we celebrate our founding, freedom, and independence.
Independence Day reminds Americans to appreciate their freedoms, and to thank those who sacrifice to defend and protect those freedoms. Thank you to all those on Active Duty and to the Veterans of our Armed Services, and thanks to their families as well.
One of the most valuable benefits earned by our men and women in uniform is the VA Home Loan program, which allows them to purchase a home with a loan that is guaranteed by the US government, and is therefore a less expensive option in most cases. VA loans are available for Veterans, Active Duty personnel, Reservists and National Guard members, and some surviving spouses (of personnel who died on Active Duty, or who died of causes directly related to their work on Active Duty). You can find the details of eligibility on the VA website. They provide a list of the forms you will need to prove your eligibility, and estimate how long it will take to generate and receive those forms.
If you’ve used your eligibility before, you may still be able to re-apply if your first VA home loan was paid in full or assumed by another Veteran. For details, visit the VA Home Loan FAQ webpage to see if you can reclaim your eligibility for a VA home loan.
As with other VA benefits, your local VA office can advise you, provide forms, and has the most recent information on policy. While your lender can assist you in getting your loan, the VA has the complete list of forms needed for every type of eligibility, and acceptable proofs of service, so that you’ll be prepared for the process. Any questions? Lorri Molnar would love to answer them, and help you find just the right home for you!