ELIGIBILITY

VA Home Loan Eligibility for National Guard and Reserve Members

Learn about VA home loan eligibility requirements for National Guard and Reserve members.

As a member of the National Guard or Reserves, you may qualify for a VA home loan. The VA’s Home Loan Guaranty Program allows qualified National Guard Members and Reservists to apply for VA home loans. 

To qualify for VA’s home loan guaranty, you must meet one of the following eligibility requirements if you served before 1990:

  • Served for 90 days or more on active duty during a wartime period, OR
  • Were discharged or released from active duty for a service-connected disability, OR
  • Have a minimum of six years of service in the Selected Reserve or National Guard, AND
    • Were discharged honorably, OR
    • Were placed on the retired list, OR
    • Were transferred to the Standby Reserve or an element of the Ready Reserve other than the Selected Reserve after honorable service, OR
    • Continue to serve in the Selected Reserve

If you served after 1990, you may qualify for a VA loan if you meet one of the following: 

  • You have served 24 months of continuous active-duty - with other than dishonorable discharge
  • You have served at least 90 days or completed the full term that you were ordered to active duty with other than dishonorable discharge
  • You have served at least 90 days active duty - and discharged for hardship, early out, convenience of the Government, reduction in force, condition interfered with duty or compensable service-connected disability
  • You have served less than 90 days active duty - if discharged for a service-connected disability
  • Have a minimum of six years of service in the Selected Reserve or National Guard, AND
    • Were discharged honorably, OR
    • Were placed on the retired list, OR
    • Were transferred to the Standby Reserve or an element of the Ready Reserve other than the Selected Reserve after honorable service, OR
    • Continue to serve in the Selected Reserve

NewDay USA Offers a $0 Down VA Home Loan to Eligible National Guard Members and Reservists

If you are an eligible National Guard or Reserve member, you may take advantage of our $0 Down VA Home Loan option.

This VA-guaranteed home loan offers many benefits to Guardsmen and Reservists:

  • Zero down payment requirements
  • Zero private mortgage insurance (PMI) requirements
  • Competitive interest rates
  • Reusable and lifelong benefits
  • Limitations on closing costs
  • Loan is assumable
  • No prepayment penalty

You may need your DD-214 and National Guard: NGB-22 (Report of Separation and Record or Service) and NGB-23 (Retirement Points Accounting) in the process.

The VA offers detailed Certificate of Eligibility (COE) requirements depending on your classification.

NewDay USA wants eligible National Guard and Reservists to realize the American dream of homeownership. Call us today at 800-405-4187 to learn more about our VA home loan products and options.