VA HOME LOAN

A VA loan — short for Veterans Affairs loan — is a loan provided by a private lender that is backed by the United States Department of Veterans Affairs.

Special documentation is needed to secure a VA loan. A Certificate of Eligibility (COE) must be filled out, affirming to lenders that the borrower does meet the requirements to obtain said loan. Active duty military, National Guard, and reservists may need to procure a current statement of service to complete the COE.