How to Obtain a Certificate of Eligibility for a VA Loan
Published on March 28, 2024 | 4 Minute read
Melanie
Ortiz Reyes
Content Specialist
For veterans and active-duty service members, the VA loan program offers an array of benefits, including competitive interest rates, no down payment requirements, and lenient credit criteria. However, before diving into the homebuying process, obtaining a Certificate of Eligibility (COE) is a crucial first step.
The COE serves as official proof to lenders that you meet the eligibility requirements for a VA loan. It verifies your military service record and determines your entitlement, which is the maximum amount the VA will guarantee on your home loan. Without a COE, you cannot proceed with a VA loan application.
Eligibility Requirements
To qualify for a VA loan and obtain a COE, you must meet one of the following service requirements:
- Active Duty Service - You've served at least 90 consecutive days during wartime, 181 days during peacetime, or more than six years in the National Guard or Reserves.
- Veteran Status - You've served at least 90 days of active duty service during wartime or 181 days during peacetime.
- Service in the National Guard or Reserves - You've served at least six years, or you've been activated for federal service for at least 90 days.
- Spouse of a Service Member - Surviving spouses of service members who died in the line of duty or as a result of a service-related disability may also be eligible.
Methods to Obtain a COE
There are several ways to obtain your COE:
Required Documentation
When applying for your COE, you'll need to provide certain documentation to verify your eligibility:
- DD Form 214 (Certificate of Release or Discharge from Active Duty) - This form provides details about your military service, including dates of service and character of discharge. If you're still on active duty, you'll need a statement of service instead.
- Proof of Eligibility Based on Service in the National Guard or Reserves - If you're applying based on service in the National Guard or Reserves, you'll need to submit evidence of your service, such as retirement points statements or discharge documents.
- Marriage Certificate or Divorce Decree (if applicable) - Surviving spouses may need to provide documentation to verify their relationship to the deceased service member.
Tips for a Smooth Process
To expedite the COE application process and ensure a smooth experience, consider the following tips:
- Provide Accurate Information - Double-check all information provided on the application to avoid delays or complications.
- Submit Supporting Documentation Promptly - Gather all required documentation upfront and submit it promptly to avoid delays in processing.
- Stay in Communication with Your Lender - If you're working with a lender to obtain your COE, maintain open communication and follow up as needed to ensure everything is progressing smoothly.
- Be Patient - While some methods may offer quicker turnaround times than others, processing times can vary depending on the volume of applications received by the VA.
Obtaining a Certificate of Eligibility is a critical step in securing a VA loan and realizing the benefits it offers to eligible service members and veterans. By understanding the eligibility requirements, exploring the various methods of obtaining your COE, and providing accurate documentation, you can streamline the process and move one step closer to achieving your homeownership goals with a VA loan. Whether you choose to work with a VA-approved lender or apply directly through the VA's eBenefits portal, the key is to stay organized, informed, and proactive throughout the application process.