Colorado VA Mortgage Overview
This series of pages is designed to provide you with a detailed overview of VA mortgages in Colorado.
Basic VA Eligibility*
You must be eligible for a VA mortgage for this solution to be an option. The basic documentation for eligibility is outlined below. For basic eligibility guidelines, visit the VA's web site.
Discharged Veterans
A DD214 is the ticket. The DD214, with some additional forms provided by the lender, are sent to the VA for a certificate of eligibility. Once issued, the certificate of eligibility is the lender's proof that the veteran has access to a VA loan.
Veterans still on active duty
You will be asked to provide a "current statement of service signed by, or by the direction of, that adjutant, personnel office, or the commander of the unit or higher headquarters they are attached to." This must show your full name, social security number, date of birth, entry date on active duty, duration of lost time (if any), and the name of the command providing the information.
Discharged Reserve/Guard Members
You can submit your NGB22 - report of separation and record of service, or a points statement. Members of the Reserves and/or National Guard typically receive an annual retirement points summary. You should be prepared to provide the most recent statement along with evidence of honorable service.
Current Reserve/Guard Members
A letter from the same source as a Veteran still on active duty, with the following details: veteran's full name, social security number, entry date of Reserve or Guard duty, and the name of the command providing the information. This statement must clearly indicate that the member is an active reservist and not just in a control group.
Because you are eligible does not mean that you are qualified for a mortgage or will be approved. Eligibility means you have the ticket required to talk about this option.
*Information contained in this site regarding VA home loans is taken from
the "Lender's Handbook, VA Pamphlet 26-7, Revised" - available online
here. General
VA mortgage information is available online here.
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