Before we talk about VA Loan Eligibility requirements, let’s take a look back at the history of the VA Loan program. As one of the major innovations and the most important part of the original Servicemen’s Readjustment Act of 1944, Public Law 78-346, the home loan guaranty program was originally conceived in 1944 to help in post war readjustments. At that time, to be eligible to take use of the loan guaranty benefit, the veteran must have served in the active military or naval forces of the United States for a period of 90 days or more. This had to have occurred any time on or after September 16, 1940 and before official end of World War II. If met, a veteran could then apply for a loan anytime within the later date of 2 years after separation from the service or 2 years after the official end of the war. However, no applications were to be received more than 5 years after the termination of the war. Now a veteran can use his or her VA eligibility as many times as needed.
VA Eligibility Requirements
Today, a veteran can use his/her VA eligibility as many times as needed. Below you will see how the VA eligibility requirement apply today.
You may be eligible to use your benefit if you served in the following wartime conflicts:
2 Korean War
4 Persian Gulf
If you did not serve in any of the above conflicts you may still be VA eligible if you meet the following peacetime service date qualifications:
1 (07/26/47 to 06/26/50)
2 (02/01/55 to 08/04/64)
3 (05/08/75 to 09/07/80) *
4 (To 10/16/81) **
* Enlisted Personnel ** Officers