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The department of VA will guarantee a loan to any active military or veteran that served the proper amount of time and meets program requirements.
You can get another VA Mortgage.
A lender can calculate your remaining entitlement to compute your maximum loan amount with no money down and/or what you would have to put down if you exceed the remaining entitlement.
Type of Service & Acceptable Documents
Active Duty
Army, Navy, USAF, Marines DD-214
US Coast Guard CG-718a
Reserves DD-256
Nat. Guard or Air Nat. Guard NGB-22
There are three websites that should be able to help you, they are: vetrecs.archives.gov archives.gov/veterans/military-service-records/ ebenefits.va.gov *If you have difficulty retrieving information from any of these sites, the local recruiting office for your branch would be able to assist
The VA does not have a minimum credit score, but lenders will have their own internal overlay. If your score is greater than 580, you are likely a candidate for the VA mortgage
The VA Mortgage can be used several times over. If the previous home was sold, your entitlement should be fully reinstated.
RIVERO™ PLLC & Your Local Listing Agent™ - All Rights Reserved - Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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