View Full Version : Certificate Of Eligibility


CoffeeGirl
07-07-2008, 07:25 PM
Ok so dh has his certificate of Eligibility-Does that have ANY thing to do with the amount we will be approved for loan wise??? Or are they 2 seperate things???

Also is there a timeframe in which they(the certificate) last or are they good for a couple of yrs???

Bex
07-07-2008, 07:26 PM
Means that he's eligible for a VA loan. Not sure their expiration date. Perhaps google VA loan FAQ :D

Bex
07-07-2008, 07:26 PM
http://www.vamortgagecenter.com/faqs_eligibility.htm

CoffeeGirl
07-07-2008, 07:27 PM
Thank you-this is what the site said


How long is my COE (Certificate of Eligibility) good for?
Your certificate is good until you use it, however, many lenders will require you to get an updated one within 60 days of your closing to verify that it hasn't been used.

Bex
07-07-2008, 07:34 PM
http://www.homeloans.va.gov/lgyfaq.htm
Some more helpful info

goldilockz
07-07-2008, 07:38 PM
The lenders will usually get the certificate for you. Ours did :)

Shannon Marie
07-17-2008, 05:28 PM
ok so i get an email saying that i should request my certificate of eligibility immediately. so i downloaded the blank form. do i just send that in? the realtor doesn't do it?