News & Information: Market Diversity Quick Q&As

Market Diversity - VA Loan Eligibility Benchmarks

Friday, August 23, 2013   (0 Comments)
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Q. What are the four major benchmarks of VA loan eligibility?

A. Generally, if a borrower can answer "yes" to one of the following questions then they have VA loan entitlement, which means they are eligible to participate in the home loan program.

  • Did you serve at least 90 consecutive days of active duty during wartime?
  • Did you serve as least 181 consecutive days on active duty during peacetime?
  • Did you serve at least six years in the National Guard or the Reserves?
  • Are you the surviving spouse of a military member who died in the line of duty or of a service-connected disability?

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Market Diversity Quick Q&As are provided by the ORRA Market Diversity Subcommittee as a service to ORRA members.

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