When you use your VA Loan to purchase real estate there are a few guidelines that you will need to take into consideration. Here at The Lewis Team, not only are some of us Veterans but we have also helped hundreds of active duty military and veterans through the home buying process. We have also help many active duty military and veterans relocate to San Diego.
Here is some information on buying San Diego real estate with a VA Loan.
Click here to search the Department of Veterans Affairs website to see the VA’s list of approved complexes.
“You can also contact The Lewis Team and we can find out for you.”
You must have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy. The eligibility requirements to obtain a COE are listed below for Servicemembers and Veterans, spouses, and other eligible beneficiaries.
Eligibility Requirements for VA Home Loans
Service during wartime:
Service during peacetime:
If you were separated from service:
Active-duty service personnel:
If you are now on active duty, eligibility can be established after 90 days of continuous active duty. Upon discharge or release from active duty, eligibility must be reestablished.
Selected Reserve or National Guard:
You may also be determined eligible if:
Other Eligible Beneficiaries
You may also apply for eligibility if you fall into one of the following categories:
Restoration of Entitlement
Veterans can have previously-used entitlement "restored" to purchase another home with a VA loan if:
If you are active duty military or a veteran and you have questions about buying a home or condo in San Diego then please contact The Lewis Team, we would love to answer any questions that you have.
The VA considers service in these branches of the military and other organizations when deciding whether to issue a Certificate of Eligibility:
Let us help you with your VA Home Buying Process.
Dawn Lewis – San Diego Realtor with over 30 years experience!
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.