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FEDERAL VA HOME
LOANS |
General Rules for Eligibility
Determine if you are eligible
for VA home loan benefits.
Frequently Asked Eligibility Questions
Questions about who is
eligible for a VA loan and reuse of
eligibility for another VA loan.
How to request a Certificate of Eligibility
for VA Home Loan Benefits
To request a Certificate of Eligibility for
VA home loan benefits, you must complete
VA Form 26-1880 and submit it to our VA
Eligibility Center along with acceptable
proof of service as described on the
instruction page of the form.
It's also
possible to obtain a Certificate of
Eligibility from your lender. Most lenders
have access to the Web LGY system. This
Internet based application can establish
eligibility and issue an online Certificate
of Eligibility in a matter of seconds. Not
all cases can be processed through Web LGY -
only those for which VA has sufficient data
in our records. However, veterans are
encouraged to ask their lenders about this
method of obtaining a certificate.
VA
Eligibility Center Address and Telephone
Number
Please
send your request for determination of
Eligibility (
VA Form 26-1880, along with proof of
military service) to:
VA Loan
Eligibility Center
PO Box 20729
Winston-Salem, NC 27120
For
overnight delivery:
VA Loan
Eligibility Center
251 N. Main Street
Winston-Salem, NC 27155 |
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Some of the USDA Loan program highlights include:
- 100% Financing - No Down Payment Required
- No Mortgage Insurance
- No Cash Reserves Required
- Low Fixed Rates
- Unrestricted Gifts
- Loans to $417,000
- Purchase or Refinance
- Excellent Credit Not Required
Along with the benefits above, closing costs
and prepaid expenses not covered by the seller can be financed in,
if the appraisal supports it, with a USDA Rural Housing Loan.
Another great feature is that 100% of repairs to the property may be
financed into a loan based on "after repair value". That's right,
USDA Rural Housing Loans can be RENOVATION loans as well. You can
even use USDA Rural Housing Loans to purchase land and finance new
construction!
USDA Loans are, quite possibly, the best 100% loan product
on the market.
Income and Population Density restrictions do apply with USDA Loans,
however you might be surprised that your county qualifies. Call or
click TODAY to get your 100% financing, no down payment USDA home
loan! To see if you and the property
qualify, simply submit your rate request. It's free and there's no
credit report, cost, or obligation. We're here to help! |
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