Active-duty service members, Veterans, National Guard and Reserve members, and eligible surviving spouses can qualify. Also Purple Heart recipients

The COE confirms eligibility and is often the first step in the process. Borrowers frequently ask how to obtain this through their lender or the VA's eBenefits portal. Interconnect will request the COE for you.

Entitlement is the amount the VA guarantees for a loan. Borrowers ask how to calculate their entitlement, especially if they have used it previously or want to have two VA loans simultaneously.

Yes, the VA loan is a lifetime benefit that can be used multiple times, as long as the borrower has sufficient entitlement.

Yes, the unmarried surviving spouse of a Veteran who died on active duty or from a service-connected disability may be eligible.

Yes, for most borrowers with full entitlement, a down payment is not required. It is one of the biggest benefits of the program.

This is a one-time fee paid to the VA to help keep the program running. Borrowers ask how it is calculated, as it varies based on down payment amount and previous use of the benefit.

Many disabled Veterans and surviving spouses are exempt from this fee, and borrowers often search to see if they qualify.

The VA allows sellers to contribute up to 4% of the purchase price toward a buyer's closing costs. This is often a point of negotiation.

Yes, in addition to the funding fee, standard closing costs apply, such as appraisal and title fees. These can often be rolled into the loan or negotiated for seller concessions.

An appraiser must confirm the home is safe, sanitary, and structurally sound. Common MPR issues include safety hazards, peeling paint, and poor drainage.

A home inspection is separate from the VA's appraisal and is highly recommended to protect the buyer from potential problems not covered by the MPRs.

Yes, as long as the borrower occupies one of the units as their primary residence.

Yes, VA loans are assumable, which can be an attractive feature for potential buyers, especially when interest rates are rising.

A low appraisal can impact the loan. Options include renegotiating the price with the seller, paying the difference in cash, or asking for a Reconsideration of Value (ROV).