The Department of Veterans Affairs is denying home loans to veterans if they work in the cannabis industry, according to a letter sent May 23 to VA Secretary Robert Wilkie from Rep. Katherine.
Eligibility. You must have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy. The eligibility requirements to obtain a COE are listed below for Servicemembers and Veterans, spouses, and other eligible beneficiaries.
Refinance 30 Year Mortgage A 15-year mortgage minimizes your total borrowing costs and allows you to eliminate debt quickly. But a 30-year loan has lower monthly payments, allowing you to save for other goals and pay unexpected expenses.
The federal government owes at least $189 million to 53,000 disabled veterans who overpaid on their home loans, according to the Department of Veterans Affairs’ inspector general. When veterans take.
The Disadvantages Of VA Home Loans. You’d be hard pressed to find a whole lot of drawbacks to a VA home loan. Assuming you qualify – i.e., that you are an active member of the United States military, or a veteran – then you will quickly see that the pros of such a loan far outweigh the few cons.