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
Joyce McLeod“From start to closing my contact with New Day kept me informed throughout the process. Not sure of start date though. ”
Ronald P.“Dan Shae was fantastic to work with. Kept in contact with me almost everyday of the process. Easy to work with and understanding.”
Jackie“Justin was a pleasure to work with. He was knowledgeable, efficient, timely and professional.”
Continue Learning
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.
Related Articles
Ask a Veteran Loan Expert
It's our turn to serve you.
Since 2009, we've helped over 100,000 Veteran families get the most out of their VA Benefits.
Ask a Veteran Loan Expert
Since 2009, we've helped over 100,000 Veteran families get the most out of their VA Benefits.
Click on the buttons below to get started