Eligibility
In addition to meeting the income debt and credit guidelines, VA borrowers must also be eligible to obtain a Certificate of Eligibility. This document is the necessary confirmation to the lending Institution from the U.S. Department of Veterans Affairs that the veteran has met the service qualifications and it assures the lender that the VA will guarantee a new loan for the qualified veteran.

OBTAINING THE CERTIFICATE OF ELIGIBILITY
There are essentially two ways in which a Certificate of Eligibility can be requested:

Veterans can request the certificate directly form the Department of Veterans Affairs by submitting form 26-1880 and a copy of his or her DD214 if not active duty. In most cases the VA will send a response within ten days, but it can take longer if there are complications.

The most common way for the certificate of eligibility to be requested is for the lender to request it electronically through the VA portal. In most cases this does not require a DD214, however if there are any complications the DD214 must be uploaded with request. When this occurs, it is almost always faster than the veteran requesting it by mail.

The following are the required service times as per the Department of Veteran's Affairs:
 
StatusQualifying Wartime & Peacetime PeriodsQualifying Active Duty DatesMinimum Active Duty Service Requirement
Veteran WWII 9/16/1940 - 7/25/1947 90 total days
Post-WWII 7/26/1947 - 6/26/1950 181 continuous days
Korean War 6/27/1950 - 1/31/1955 90 total days
Post-Korean War 2/1/1955 - 8/4/1964 181 continuous days
Vietnam War 8/5/1964 - 5/7/1975 *For Veterans who served in the Republic of Vietnam, the beginning date is 2/28/1961 90 total days
Post-Vietnam War 5/8/1975 - 9/7/1980 *The ending date for officers is 10/16/1981 181 continuous days
24-month rule 9/8/1980 - 8/1/1990 *The beginning date for officers is 10/17/1981
  • 24 continuous months, OR
  • The full period (at least 181 days) for which you were called or ordered to active duty
Gulf War 8/2/1990 - Present
  • 24 continuous months, OR
  • The full period (at least 90 days) for which you were called or ordered to active duty
Currently On Active Duty Any Any 90 continuous days
National Guard & Reserve Member Gulf War 8/2/1990 - Present 90 days of active service
  • 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 service characterized as honorable, OR
    • Continue to serve in the Selected Reserve


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C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; NMLS # 135622. C2 Financial is a VA approved lender; not endorsed or sponsored by the Department of Veterans Affairs or any government agency. Loan approval is not guaranteed and is subject to lender review of information. Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. This licensee is performing acts for which a real estate license is required. C2 Financial is licensed by the California Bureau of Real Estate: Broker #01821025. NMLS #135622. California Bureau of Real Estate #01326712, NMLS#84095.
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