Introduction

The Certificate of Eligibility (COE) is a vital document for anyone looking to secure a VA loan. It confirms to lenders that you meet the service requirements for VA loan benefits. In this post, we’ll walk you through what the COE is, how to obtain it, and why it’s an essential part of the VA loan process.

1. What Is the Certificate of Eligibility (COE)?

The COE is issued by the Department of Veterans Affairs and verifies your eligibility for a VA loan. Without this document, lenders cannot process your application.

Key Details About the COE:

• It confirms your entitlement amount.

• It lists any conditions or restrictions on your VA loan benefits.

• It’s required for all VA purchase, refinance, and construction loans.

2. Who Needs a COE?

The COE is required for:

• Veterans: To confirm your service and honorably discharged status.

• Active-Duty Service Members: To verify your current service commitment.

• National Guard and Reserve Members: To confirm eligibility based on service length.

• Surviving Spouses: To prove eligibility based on the service member’s status.

3. How to Get Your COE

Obtaining your COE is simpler than you might think. Here are the three main methods:

1. Through Your Lender
Most VA-approved lenders can quickly obtain your COE online through the VA’s automated system. This is the fastest and easiest option.

2. Online via eBenefits
Log in to the VA’s eBenefits portal and apply for your COE under the “Home Loans” section.

3. By Mail
Complete VA Form 26-1880 (Request for Certificate of Eligibility) and mail it to the VA. While slower, this method is still effective.

4. What Documents Do You Need?

The required documents vary based on your status:

• Veterans: DD-214 form (discharge papers).

• Active-Duty Members: Statement of Service signed by your commanding officer.

• National Guard/Reserves: Proof of service or NGB Form 22.

• Surviving Spouses: VA Form 26-1817 and the veteran’s death certificate.

Pro Tip: Double-check your documents before submission to avoid delays.

5. What Does the COE Show?

Your COE includes the following important information:

• Entitlement Amount: Indicates how much of your VA loan benefits you have available.

• Conditions or Notes: Highlights any specific conditions, such as funding fee exemptions.

Conclusion

The Certificate of Eligibility is the first and most crucial step in the VA loan process. It ensures you’re set to take advantage of the incredible benefits VA loans offer, including no down payment, no PMI, and competitive rates.

Ready to get started? Contact Loan Squad today, and we’ll help you obtain your COE quickly and guide you through the entire VA loan journey.