Those of you still looking for 100% financing will be glad to know it is still provided the the VA Home Loan program.

Many Veterans are unsure if they qualify. Here are the eligibility requirements.

VA Loan Eligibility Requirements

General Rules for Eligibility

You are eligible for VA home loan benefits if you served on active duty in the Army, Navy, Air Force, Marine Corps or Coast Guard and were discharged under conditions other than dishonorable after either:

•·        90 days or more, any part of which occurred during war time, OR

•·        181 continuous days or more (peacetime)

Two Year Requirement

If you:    

•·        enlisted and began service after September 7, 1980, OR

•·        Were an officer and began service after October 16, 1981.

You must have completed either:

•·        24 continuous months or more, OR

•·        the full period for which ordered to active duty, but not less than 90 days (any part during wartime) or 181 continuous days (peacetime).

Wartime and Peacetime

*The Vietnam Era begins 2/25/61 for individuals who served in the Republic of Vietnam.

You may also be eligible if you:

•·        were discharged for a service connected disability, or

•·        were discharged for the convenience of the government after completing at least 20 months of a 2 year enlistment, or

•·        completed not less than 90 days (any part during wartime) or 181 continuous days (peacetime), and

•·        were discharged because of hardship, or

•·        were determined to have a service compensable disability, or

•·        were discharged or released from active duty for a medical condition which pre-existed service and has not been determined to be service connected, or

•·        received an involuntary discharge or release from active duty for the convenience of the government as a result in a reduction if force, or

•·        were discharged or released from active duty for a physical or mental condition to characterized as a disability and not as the result of misconduct but which did interfere with your performance of duty

•·        are an unremarried spouse of a veteran who died while in service or from a service connected disability, or

•·        Is a spouse of a serviceperson missing in action or a prisoner of war.

Active Duty Service Personnel

If you are now on active duty, you are eligible after having served on continuous active status for at least 90 days. When and ending date is established for Persian Gulf War service, a minimum of 181 days of continuous active duty will be required for persons who did not have war time service.

Selected Reserve

"Selected Reserve" means the Selected Reserve of the Ready Reserve of any of the Reserve Components which consists of units and individuals who participate actively in paid training and serve on paid active duty for training each year.

Six Year Requirement

A veteran, who isn't otherwise eligible, who completes a total of 6 years as a member of the Selected Reserve (need not be ordered to active duty) is eligible if they either:

•·        Received an honorable discharge

•·        Was placed on the retired list

•·        Was transferred to the Standby Reserve or an element of the Ready Reserve other than the Selected Reserve after service in the Selected Reserve characterized as honorable

•·        Continues to serve in the Selected Reserve

The 6 years need not be continuous nor in the same Reserve or National Guard unit. However, active duty regular military service cannot be combined with Reserve service to reach the 6 year requirement.

Eligibility may also be established for:

•·        Certain United States citizens who served in the armed forces of a government allied with the United States in World War II.

•·        Individuals with service as members in certain organizations, such as Public Heath Service Officers, cadets and midshipmen at service academies, officers of the National Oceanic and Atmospheric Administration and, merchant seaman of World War II.

You can find out more at the VA web site. The address is htp://www.va.gov.

The form to complete to receive your eleigibility certificate is the VA Form 26-1880. You can download it from theri site.