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Qualifying For VA Loans

Here in the the Fayetteville/Ft. Bragg area we do a lot of VA loans.  In fact 98% of my buyers use a VA loan to purchase their home.  I also have found most have no idea they need to qualify!  They just assume because they are in the military, or have served in the military they are automatically eligible.  This post definitely will help VA buyers learn about using a VA loan.
We answer many reader questions about VA home loans, including eligibility questions. One of the most commonly asked questions about VA home loans involves whether a specific situation disqualifies a borrower from VA loans or whether exceptions may apply.
For example, many assume that a VA loan applicant is required to have an Honorable discharge. But VA loan rules basically state that as long as a borrower's military service did not end with a Dishonorable classification, it's still possible to get a VA loan provided other qualifying criteria are met.
Borrowers who serve for less than 24 months (under the guidelines for those serving since the Gulf War) are generally not eligible, but exceptions do apply for those affected by force reduction policies, some types of medical discharges or ... more

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