The Department of Veterans Affairs released a Bulletin today regarding the processing times for Certificates of Eligibility. A vast majority of the time, a veteran’s Certificate of Eligibility (COE) can be obtained online by the veteran or veteran’s lender, so processing time is just a couple of minutes.  However, when the veteran has had a prior VA loan or is eligible only due to serving in the Reserves or National Guard, discharge papers need to be uploaded or mailed to the VA to obtain a COE.  The Bulletin issued by ...

The VA does allow some spouses of veterans to use their deceased spouse’s VA home loan eligibility. This is generally available to the unmarried surviving spouse of a veteran who died as a result of military service or from service-connected causes. That would also apply to the spouse of an active duty member who is listed as missing in action (MIA) or a prisoner of war (POW) for at least 90 days. Eligibility under this MIA/POW provision is limited to one-time use only.

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The VA announced today that it will start including information about a veteran’s exempt status on the VA Certificate of Eligibility (COE). Currently, your lender (us) has to send faxes to multiple VA offices to verify that a veteran is exempt from the VA funding fee. With this new revision by the VA, that will no longer be necessary. Call us if you would like us to obtain your VA Certificate to verify you are eligible for the VA Home Loan Program.