Welfare Info

VA-Guaranteed Home Loan Program

The Department of Veterans Affairs (VA) home loan guaranties are issued to help eligible Servicemembers, Veterans, Reservists, National Guard and certain surviving spouses obtain, retain and adapt a home and to refinance their loan....

What is VA-Guaranteed Home Loan Program ?

The Department of Veterans Affairs (VA) Cash-Out Refinance Loan is for homeowners who want to trade equity for cash from their home. These loans can be used as strictly cash at closing, to payoff debt, making home improvements, and paying off liens. The Cash-Out Refinance Loan can also be used to refinance a non-VA loan into a VA loan. VA will guaranty loans up to 100 percent of the value of your home.

Program Requirements

Persons who may qualify for VA-guaranteed loans include

  • Eligible Veterans / Servicemember
  • Current Reserve and National Guard members (after 6 years of creditable service)
  • Certain surviving spouses

To be eligible, the Veteran/Servicemember must have been discharged under conditions other than dishonorable and meet length of service requirements.

As a requirement for a VA home loan, the Veteran, the Veterans' spouse, or dependent child must certify occupancy for the property.

Application Details

What is the application process for VA-Guaranteed Home Loan Program ?

To apply, you will need a valid Certificate of Eligibility (COE). There are several ways to obtain your COE:

  • You may be able to obtain a COE online through eBenefits.
  • If you are unable to obtain your COE through eBenefits, check with your lender. In most cases, your lender will be able to obtain a COE for you using the Automated Certificate of Eligibility (ACE) program.

For more information on this program, please visit the Home Loans webpage.

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