Get Loaned - Are You Eligible for a VA Home Loan? Learn More Here.

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Are you eligible for the VA Home Loan Guarantee Program? Do you know the value of the home guarantee benefit? The VA offers veterans the chance to purchase a home with the Federal Governments guarantee to the lender that if the veteran defaults and the loan must be foreclosed that the VA will pay back a portion of that loan directly to the lender. With the current sub-prime woes in the mortgage industry, VA loans offer a safe alternative for veterans entering the home market.

In order to see of you are eligible for this valuable benefit you should:

• Go to www.va.gov or contact your VA regional service center to obtain a list of VA approved lenders in your area.
• Get a Certificate of Eligibility. You can do this by either going to one of the VA approved lenders, and having them get you a Certificate of Eligibility through the ACE system on the internet or go to the VBA and fill out the form yourself.
• Once you have submitted the request for a Certificate of Eligibility you should receive one shortly as long as you are eligible. If they need more information to prove your eligibility they will contact you.

Once you have proven that you are eligible for entitlement in the VA Home Loan Guarantee Program you can begin the process of getting pre-approved for a loan so that you can shop for the house of your dreams.