PERIODS OF ELIGIBILITY FOR VA LOANS

 

Do you think you've served too recently to qualify for a VA loan? Or too long ago? Or for too short a period of time? You'd be surprised just how far reaching the period of eligibility is to qualify for a VA loan!

WORLD WAR II

1. Active duty service after Sept. 15, 1940 and prior to July 26, 1947

2. Discharge under other than dishonorable conditions; and

3. At least 90 days total service unless discharged early for a service-related disability. 

POST-WORLD WAR II

1. Active duty service after July 25, 1947, and prior to June 27, 1950;

2. Discharge under than dishonorable conditions; and

3. 181 days continuous active duty service unless discharged early for a service-related disability.

KOREAN WAR

1. Active duty after June 26, 1950, and prior to Feb. 1, 1955;

2. Discharge under than dishonorable conditions; and

3. At least 90 days total service unless discharged early for a service-related disability. 

POST-KOREAN WAR PERIOD

1. Active duty after Jan. 31, 1955, and prior to Aug. 5, 1964;

2. Discharge under than dishonorable conditions; and

3. 181 days continuous active duty service unless discharged early for a service-related disability.

VIETNAM WAR

1. Active duty after Aug. 4, 1964, and prior to May 8, 1975;

2. Discharge under than dishonorable conditions; and

3. 90 days total service, unless discharged darly for service-related disability. For Veterans who served in the Republic of Vietnam, start date is Feb. 28, 1961.

POST-VIETNAM WAR PERIOD

1. Active duty after May 7, 1975, and prior to Aug. 2, 1990;

2. Active duty for 181 continuous days, all of which occurred after May 7, 1975; and

3. Discharge under conditions other than dishonorable or early discharge for service-related disability.

4. 24-Month Rule*

*If sevice fell between Sept. 8, 1980--or Oct. 16, 1981 for officers--and Aug. 1, 1990, Veterans must complete 24 months of continuous active duty or the full period (181 or more days) for which they were called or ordered to active duty, and be discharged under conditions under than dishonorable. Exceptions are permitted if the Veteran completed at least 181 days of active duty service but was discharged earlier than 24 months for a.) hardship b.) convenience of the government c.) reduction in force d.) certain medical conditions e.) service-related disability. 

Reservists and National Guard members are eligible if they were activated after Aug. 1, 1990, and completed the full period for which they were called to active duty, served at least 90 days, and were discharged under other than dishonorable conditions. 

ACTIVE DUTY PERSONNEL

Until the Gulf War era is ended, persons currently on active duty are eligible after serving 90 continuous days.

ELIGIBILITY FOR RESERVES AND/OR NON-ACTIVATED GUARD MEMBERS

Members of the Reserves and National Guard who aren't otherwise eligible for loan guaranty benefits ARE eligible upon completing 6 years of service in the Reserves or Guard (unless released earlier due to a service-related disability). Applicant must have received and honorable discharge unless in an inactive status awaiting final discharge, or still serving in the Reserves or Guard.