A Certificate of Eligibility (COE) is a letter that comes from the Veterans Association that indicates whether you as a veteran are eligible for a VA loan. You can be active duty or out of the military. The COE explains that you are entitled to a VA Loan. It does not say how much you are qualified for or if you meet lending criteria, it just states whether or not you are eligible.
As a veteran, you can go on the VA’s portal and request the COE yourself. This can be a long form which needs to be filled out and sent to the VA. This process can take anywhere between a couple of days or a couple of weeks. The second option for getting a COE is to give Benchmark Mortgage a call. We can help you with the paperwork and generally get the COE within a matter of minutes. We will be happy to help you. Call Andrew any time so he can explain more about your eligibility, and tell you whether you qualify for a loan and for how much.