If you’re considering a VA loan from NewDay USA, you’re likely wondering if you’re eligible. The criteria below will give you a better idea of general requirements, and documents that may need to be submitted during the loan approval process.
Even if you’re unsure about meeting these criteria, you may still be eligible for a VA loan. Call a dedicated loan specialist or inquire online to have your personal eligibility explained in greater depth. Keep in mind that bankruptcy, foreclosure or delinquency do not necessarily disqualify you from getting approved. NewDay USA will make sure everything is crystal clear, every step of the way. That’s our commitment to you.
Veteran status qualifications
- Active duty servicemember
- Veteran with honorable discharge
- Reservist/National Guard with honorable discharge and sufficient time served
- Surviving spouse of an eligible deceased Veteran
- Spouse of a MIA/POW servicemember
Property type qualifications
- Single-family detached
- Semi-detached
- Townhouse
- Row home
- PUD (Planned Unit Development)
- Condominium approved by VA
- 1-2 unit
Documents possibly needed
- W2, tax returns, pay stubs, employment history or retirement income
- Credit history, especially as it pertains to mortgages
- Appraisal of eligible property types
- Verification of U.S. citizenship
- Verification of VA entitlement
Robert“The loan officer, Nigel Strickland, provided a short, but realistic timeframe, for processing and closing the loan, much shorter than other loan companies, and the loan closed on time. The processing was smooth, on-line, and easy to accomplish. The loan...”
William W.“Trevor was very helpful and professional. He kept us updated on every aspect of the application. We have used NewDay in the past and will recommend NewDay to others. Our application was processed within 30 days as expected. If applicable I would love to...”
Floyd S.“The greatest closing we have had in years.So very valuable information covered in such a short time.”
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Visit the Resources page for additional info on VA loans, articles and comparison tools. It’s your go-to education hub for understanding your mortgage lending options.
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