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Understanding VA Loan Eligibility
Discover VA loan eligibility criteria and application procedures, empowering you to make informed mortgage decisions.
NewDay USA VA Loan Eligibility
If you’re considering a VA loan from NewDay USA, you’re likely wondering if you’re eligible. The criteria below will give you a better idea of general requirements, and documents that may need to be submitted during the loan approval process. Even if you’re unsure about meeting these criteria, you may still be eligible for a VA loan. Call a dedicated loan specialist or inquire online to have your personal eligibility explained in greater depth. Keep in mind that bankruptcy, foreclosure or delinquency do not necessarily disqualify you from getting approved. NewDay USA will make sure everything is crystal clear, every step of the way. That’s our commitment to you.
Veteran status qualifications
- Active duty servicemember
- Veteran with honorable discharge
- Reservist/National Guard with honorable discharge and sufficient time served
- Surviving spouse of an eligible deceased Veteran
- Spouse of a MIA/POW servicemember
Property type qualifications
- Single-family detached
- Semi-detached
- Townhouse
- Row home
- PUD (Planned Unit Development)
- Condominium approved by VA
- 1-2 unit
Documents possibly needed
- W2, tax returns, pay stubs, employment history or retirement income
- Credit history, especially as it pertains to mortgages
- Appraisal of eligible property types
- Verification of U.S. citizenship
- Verification of VA entitlement
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TrustScore 4.7
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