If you’re considering a financial service 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
Arno J.“Was very satisfied with the experience. We worked with a young man named Antonio DaCosta. He was always very pleasant. He answered our phone calls promptly and efficiently. He kept us informed of every step the loan was at, and walked us through how to...”
Sean C.“NewDay USA gave my family and I new start! When my spouse was a stay at home mother for 8 years, we incurred some credit card debt as the household was was trying to sustain on one income. After my wife went back into the work force we knew we wanted to start...”
Jose O.“We were lucky to have Chase to guide us through this process. He was wonderful! Everything went smoothly AND quickly.”
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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 making informed financial decisions.
