If you have ever been involved with military bureaucracy finding out you have to apply for something might bring memories of frustration and time consuming tasks. Fear not when it comes to obtaining your Certificate of Eligibility. Because of the updated and automated system the VA has with their application link called WebLGY. WebLGY provides several "real-time" processes and receiving your Certificate of Eligibility is one.
With the implementation of the ACE (Automated Certificate of Eligibility) system an approved lender can obtain a Certificate of Eligibility (COE) in just minutes - in fact a resent pod cast I viewed on the Department of Veterans Affairs web site actually stated 30 seconds.
Of course you can also request your own determination of Eligibility using VA Form 26-1880 with proof of your military service to the VA Loan Eligibly Center, but I can not understand why you would want to.
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VA Loan Eligibility Center
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PO Box 20729
- Winston-Salem, NC 27120
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Click here for Department of Veterans Affairs information :: Am I Eligible?
This month I will be writing several articles about the VA Home Loan Guaranty Program so check back. It could just be the perfect time for you to purchase a home with your VA benefits. Where else can a person get a 100% home loan these days?!
If you have any questions about real estate in Bremerton, Silverdale or any area we call Naval Base Kitsap, contact Jo Soss with Skyline Properties, Inc. at (360) 990-1433 or visit her personal website Puget Sound Real Estate Today where you will be able to obtain valuable information under the Military Personnel Past & Present section about the home buying process. Jo Soss is a military spouse and offers a military rebate to those in the Naval Base Kitsap area. Sign up for updates or search for homes hassle free. See her No Spam Policy here. NO SPAM
Author:Jo Soss
Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.
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Jo-It is amazing how fast a VA loan can be processed these days. I had clients in December that needed to move by January and we were able to find a house and get the loan and close within 30 days with a VA loan. We used the ACE to get the certificate. It really is a cool program.
Best,
Scott
Scott, there are still a ton of myths out there. Now the VA is an amazing product that should really be given a look. Gone are the days when it took 3 months :)
Penny, Thanks - you are so right. For 1st time home buyers if they have the VA they are made in the shade!
The VA program is excellent, there may be more red tape but the end results are well worth it. Thanks.
Bill, I think we will see VA being used more and more in the next couple of years.
Cynthia, for a 1st time home buyer who has VA this is great! Thanks!