Are You Eligible for a VA Loan?

A VA Loan offers home mortgages guaranteed by the U.S. Department of Veterans Affairs, and offered by qualified lenders. VA Loans do have many advantages for veterans like no down payment and low interest rates. However, serving in the military for any amount of time does not automatically qualify a veteran for a VA loan. So who may be eligible? Veterans of Wartime and Peacetime Wartime is defined by the VA as the following: World War II- 9/16/1940-7/25/1947 Korean Conflict- 6/27/1950-1/31/1955 Vietnam- 8/5/1964-5/7/1975 Gulf War- 8/2/1990- Date yet to be … [Read more...]