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
Jerrod C.“It was fast and easy. Nate Gordan was always johnny on the spot. He always got the answers if he did not know right away. In my opinion, he is awesome and deserves a pay increase.”
Geraldine Smith“Matt James did a great job . He kept us informed, worked with the back office group to move the process on. We closed a few days after the predicted close but Matt worked very hard and we really appreciated all of his work and efforts”
Eric holman“I've been buying/refinancing homes for years, but never have I ever experienced someone that was very respectful and very knowledgeable as I did with Nathan Gordon. He's very patient and he gives you 110%. He will do whatever it takes within company guidelines...”
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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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