Soldier to Soldier Hawaii

Your VA Loan: Benefits, Eligibility, and Application Process


The VA loan, backed by the U.S. Department of Veterans Affairs, offers incredible benefits to service members, veterans, and eligible surviving spouses. This unique home financing solution provides an affordable pathway to homeownership. If you’re considering using your VA loan benefits, here’s what you need to know.

The Benefits of a VA LoanĀ 

Real Estate Professionals – VA Home Loans

VA loans offer several unbeatable advantages over traditional mortgages. Firstly, they do not require a down payment, a feature that can make homeownership more attainable. Secondly, VA loans do not require private mortgage insurance (PMI), even with 0% down payment. This can significantly lower your monthly payment compared to other loan types. Thirdly, VA loans often have more competitive interest rates, and there’s a limit on the amount you can be charged for closing costs.

Who Is Eligible?

Eligibility for a VA loan is based on service history and duty status. In general, service members who have served 90 consecutive days of active service during wartime, 181 days during peacetime, or 6 years in the National Guard or Reserves are eligible. Spouses of service members who died while on active duty or as a result of a service-connected disability may also be eligible.

Getting Your Certificate of Eligibility (COE)

Before applying for a VA loan, you’ll need to obtain a Certificate of Eligibility (COE) from the Department of Veterans Affairs. This can be done online through the eBenefits portal or by mail. Most lenders can also help you obtain your COE during the application process.

Pre-Approval and House Hunting

Once you have your COE, the next step is getting pre-approved by a lender. This will give you a clear idea of how much you can afford, and it signals to sellers that you’re a serious buyer. After pre-approval, you can start house hunting. Keep in mind that the home must be for your personal occupancy and must meet minimum property requirements set by the VA.

The VA Loan Application Process

After you’ve found a home and have a purchase agreement, you can proceed with the VA loan application. Your lender will order a VA appraisal, and if the home value and condition meet the requirements, you’ll move forward to underwriting. The underwriter will review your income, debts, and credit history to determine if you’re a good candidate for the loan.

After the underwriting approval, you’ll go to closing, where you’ll sign all the necessary documents, pay any remaining closing costs, and receive the keys to your new home!


Using your VA loan benefits can make homeownership affordable and accessible. It’s a fantastic opportunity for those who have served our country to secure their piece of the American dream. Consult with a lender experienced in VA loans to discuss your unique situation and get the process started.

Celester Thomas

Company Blog – Soldier to Soldier Hawaii Realty