Gladstone Missouri VA Loan Eligibility

By
Mortgage and Lending with Leader One Financial 164545
https://activerain.com/droplet/4jHW

Gladstone Missouri VA Loan EligiblityRight now, VA loans are becoming more and more popular than ever. Especially since many of our troops are coming home from the last 10 years of war. A VA Loan is a home loan designed to help soldiers (or those who have an honorable discharge) buy a home. VA loans require ZERO down-payment, and NO PMI insurance. The loan offers 100% financing.

 If any real estate agents out there have a client who is a current or former soldier, encourage them to look into a VA loan. If they're not sure how to get started, here are some tips on your Gladstone Missouri VA Loan Eligibility requirements:

 1. Obtain a certificate of eligibility (COE) for a VA Loan (or a DD214)

 Each applicant must show proof that they are either current or retired military. A veteran can request the certificate themselves, or a loan company can do that for them through an automated certificate eligibility system.

 
2. To apply for a VA loan, clients must either have received a discharge (except a dishonorable discharge) or be Active Service Personnel.

 3. For Active Duty veterans discharged during or after WWII, Korean or Vietnam wars you must have at least 90 days of active duty.

 4. For Peacetime Veterans or active personnel you must have at least 181 days of continuous active duty.

 5. If you were enlisted service after 1980, he/she must have completed at least 24 months of continuous active duty or the full period (at least 181 days) for which they were ordered or called to active duty.

VA loans offer great advantages to veterans such as zero down payments, competitive interest rates and relaxed qualifying standards. Learn more about VA loans today, or get started and pre-qualify for your VA loan or if you need any help with your Gladstone Missouri VA Loan Eligibilityuslet us know!

If you're in the St. Joe or Kansas City North area, call my office at (816) 268-4025 to have local mortgage consultant help you obtain a VA loan or apply online with our safe and secure website.

Posted by

Darren Copeland | Home Loans | Lee's Summit MODarren Copeland, Vice President LeaderOne Financial

4967-B NE Goodview Circle, Lees Summit, MO 64064

(816) 268-4025

KC Loan Tips & Midwest VA Loans

 

KC Loan Tips FanpageKC Loan Tips YouTube Channel  Leader One Financial's Google+  KC Loan Tips Twitter   Darren Copeland Linkedin   

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
Missouri Clay County Gladstone
Tags:
gladstone missouri va loan eligibility

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,411,172
Jeff Jensen
The Federal Savings Bank/Lending in 50 states - Greenwich, CT

I just had a client who thougt she would be approved because she had eligibility.

Jun 30, 2014 07:39 AM #1
Rainer
258,646
Darren Copeland
Leader One Financial - Lee's Summit, MO
Darren Copeland

That's a great point Jeff, just because you are eligible doesn't mean that you are approved.  We deal with that quite a bit in our classes on VA loans.

Jun 30, 2014 11:54 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
258,646

Darren Copeland

Darren Copeland
Get Started Today!
*
*
*
*
Spam prevention

Additional Information