Texas Veterans and Mortgage Qualification


Texas Veterans and Mortgage Qualification

Texas Veterans and Mortgage Qualification


Buying a home can seem like an overwhelming and tough experience for anyone. If you’re a veteran who has served your nation so dutifully, there may be things that you can do to master the mortgage qualification process. It may be the right time for you to learn all that you can about VA loans and eligibility matters. VA loans, in a nutshell, refer to mortgage loans that are on hand through the United States Department of Veterans Affairs right now. They’re on hand to people who have served the nation in the past. Also, they’re available to those who are serving the nation at this moment in time all the same.


Helpful Mortgage Qualification Suggestions for Veterans Who Wish to Purchase Homes



If you want to figure out whether you’re eligible to get a VA loan, you have to study up on the whole concept in advance. Knowledge is power for people who want to understand any and all of their home purchase options. How can you figure out whether you’re able to land a VA loan? Ask yourself if you have ever served three months nonstop in the midst of a war. Ask yourself if you have served 181 total days outside of a war. If you can say yes to either of those questions, then you should be on track to moving forward with qualification.



Other Considerations for Veterans



There are some other factors to consider as well. Have you racked up a minimum of six full years of Reserves or perhaps even National Guard services? Are you married to an individual who has passed away while serving the nation? Are you married to a person who passed away due to a medical issue that was related to their service? If yes to either of those questions, you should be on track to moving forward with mortgage qualification.


The more information you have about your experience with the military, the better. You should be prepared to give clear and in-depth answers to all sorts of pertinent questions. Also, expect to be able to answer whether you were part of the Navy, the Army, the Air Force, the Marine Corps or the Coast Guard. You should be able to specify whether you are married to someone who has been affiliated with those specific organizations.



Special Qualifications



Even if you weren’t a member of the US armed forces, but served with an ally you can still qualify. If you’re now a United States citizen and were serving with an allied nation in World War II, you could get a VA loan. This also sometimes applies to people who served as an officer of the Public Health Service. Officers of the National Oceanic & Atmospheric Administration may also qualify. Merchant seamen during World War II, and Cadets at the United States Military, Air Force, or Coast Guard Academy may also qualify. More on these special qualifications can be found directly on va.gov.



Bottom Line



If you’re looking to buy a home and have any thoughts that you may qualify for a VA loan, please contact us directly. We will be more than happy to help explain the details and get you into a place you love!

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