VA Certificate Of Eligibility FAQs
Eligible borrowers need to receive a VA COE in order to take out a VA loan. Do you have additional questions about the process? Check out a list of frequently asked questions below.
My lender said it’s unable to request a VA COE for me. Why?
Here are a few reasons your lender may not be able to request a COE:
- You don’t qualify as a surviving spouse
- You received a discharge other than honorable
- You’ve had foreclosures in the past
How long does it take to receive a VA COE?
It can take up to 6 weeks to receive a COE after you’ve submitted all the documentation and provided the relevant information. If you submit your VA COE through your lender or your eBenefits portal, you could receive it within minutes. You may get approved for a VA loan as soon as you receive your COE.
Does a VA Certificate of Eligibility expire?
A VA COE doesn’t expire, but there may be a situation where you need to update or receive a new COE. For instance, if you received your COE while on active duty, you may need to update it after discharge.
Does having a COE guarantee my VA loan approval?
Unfortunately, having a VA COE doesn’t guarantee VA home loan approval. A COE only authorizes your lender to review your VA loan application. Keep in mind, VA COEs are specifically for home loans and don’t apply to other VA-related benefits.
Do I need a COE for a Native American Direct Loan?
Yes, you’ll need a COE to be eligible for the Native American Direct Loan (NADL) program. The NADL program helps Native American veterans who live on federal trust land obtain a mortgage. Your tribal government will also need a Memorandum of Understanding agreement that outlines how the program will work on the reservation land.
