Can army reserve get VA loan

A VA loan is an unbelievable benefit for veterans or active duty members. Can army reserve get VA loan?

VA helps service members, veterans, and eligible survivors to become homeowners. As part of our mission to help you, we provide housing loan guarantees and other housing-related programs to help you buy, build, repair, preserve or adapt the house to your own home. VA housing loans are provided by private lenders such as banks and mortgage companies. VA guarantees part of the loan, enabling the lender to provide more favorable terms. For the purposes of the VA housing loan, the term “veteran” includes members of the National Guard, reserves, active service members, and certain categories of spouses.

National Guard or Reserve members can qualify for a VA loan if they meet one of the following qualifications:

  • I served six years in the chosen reserve, and so it was
  • honorably released
  • retired
  • transferred to the reserve or ready reserve element other than the selected reserve, after honorary service
  • He served in the Chosen Reserve for over six years
  • He served in active service for over 90 days during the war
  • Released or dismissed from active service because of disability associated with the service
Eligibility and income

Eligibility and income

Six years of service in the Guard or Reserves is a holistic requirement. Active members can qualify much earlier, usually if they have spent at least 90 consecutive days active in war.

Prospective buyers can talk to a Veterans United loan specialist about whether they qualify for the VA loan program. You do not need to have your Eligibility Certificate with you to start the VA mortgage process.

When everything happens, lenders can ask for DD-214, NGB-22 for members of the National Guard or a statement on points and a copy of the exemption declaration for reservists.

Here’s a more detailed look at some of the documents that lenders may need:

  • National Guard: NGB-22 or NGB-23
  • Army Reserve: DARP Form FM 249-2E or ARPC Form 606-E
  • Navy Reserve: NRPC 1070-124
  • Air force reserve: AF 526
  • Marine Corps Reserve: NAVMC HQ509 or NAVMC 798
  • Coast Guard Reserve: CG 4174 or 4175

Benefits of the VA Home Guaranteed Loan:

  • Equal opportunity for all qualified Veterans to get a VA loan
  • Reusable
  • No down payment (unless required by the lender or the purchase price is higher than the reasonable value of the property)
  • No mortgage insurance
  • One-time VA financing fee that can be included in the loan
  • Veterans receiving VA invalidity compensation are exempt from the VA financing fee
  • The VA limits some closing costs that a veteran can pay
  • They can be taken over by qualified persons
  • Minimum requirements for real estate to ensure safety, hygiene and safety
  • VA staff dedicated to helping veterans who become criminals because of loans



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