What document verifies VA loan eligibility?

What document verifies VA loan eligibility?

• A. Certificate of Eligibility (COE)
• B. DD Form 214
• C. Leave and Earnings Statement (LES)
• D. Bank Statement

Answer: (A)

The document that verifies VA loan eligibility is the Certificate of Eligibility. This official form, issued by the Department of Veterans Affairs, confirms that you have the VA loan entitlement and indicates the amount available to guarantee a loan. Lenders use the COE to determine whether you qualify for a VA loan and how much they can lend. You can obtain it from the VA (through eBenefits or VA.gov) or have your lender pull it for you. Other options don’t certify eligibility: a DD Form 214 shows discharge history, not loan eligibility; a Leave and Earnings Statement reflects your pay, not entitlement; a bank statement shows funds, not VA loan eligibility.

The document that verifies VA loan eligibility is the Certificate of Eligibility. This official form, issued by the Department of Veterans Affairs, confirms that you have the VA loan entitlement and indicates the amount available to guarantee a loan. Lenders use the COE to determine whether you qualify for a VA loan and how much they can lend. You can obtain it from the VA (through eBenefits or VA.gov) or have your lender pull it for you.

Other options don’t certify eligibility: a DD Form 214 shows discharge history, not loan eligibility; a Leave and Earnings Statement reflects your pay, not entitlement; a bank statement shows funds, not VA loan eligibility.