Top Things To Know About VA Loan Eligibility | VA Home Loan Texas 2018

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Certificate of Eligibility. After establishing that you are eligible, you will need a Certificate of Eligibility (COE).The COE verifies to the lender that you are eligible for a VA-backed loan. This page describes the evidence you submit to verify your eligibility for a VA home loan and how to submit the evidence and obtain a COE.

Veteran participation in state marijuana programs does not affect eligibility for VA care and services. VA providers can and do discuss marijuana use with Veterans as part of comprehensive care planning, and adjust treatment plans as necessary. Some things Veteran need to know about marijuana and the VA:

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VA Loan Eligibility Scam: How To Avoid. First things first, you have to learn everything you need to know about a VA home loan before you take an official step. Below you have several details that might help you with that process. You may see some tempting offers online, but those that seem too good to be true, they usually are.

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In some cases, a VA loan may be assumable, that is the buyer can take over the VA loan regardless of whether they are civilian or military. At one time, all homes purchased with a VA loan were considered assumable, but since then the rules have changed. Lenders and/or the VA need to approve a loan assumption.

Trying to get a VA loan with bad credit might feel like you’re shipwrecked with nowhere to go. Most lenders will tell you that you can’t get a VA loan with bad credit, or more specifically, a credit score lower than 620. Don’t be discouraged. This couldn’t be further from the truth.

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