VA Loans for Veterans
The VA Loan is a home-mortgage option available to United States Veterans, Service Members and not remarried spouses. VA Loans are issued by qualified lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).
What You’ll Need for the VA Loan Application
Once you find a home that meets your preferences, needs and budget, it’s time to finalize your VA loan application.
No matter what lender you choose, you will be required to provide information about yourself, your employer and your spouse or partner if they are a co-borrower on the mortgage. Documentation required for your VA loan application is used to verify your employment history, creditworthiness and your overall financial situation.
These documents may include:
A government issued photo ID
Recent pay stubs
Two years’ worth of W-2 statements
Bank, investing and retirement statements
For self-employment, 1099 or rental income, the last two years of federal tax returns
Copy of your DD-214
For active military, a statement of service letter signed by your commanding officer
Your lender may require additional documentation depending on your unique financial situation.
Potential homebuyers should know that it is vital to complete your VA loan application as accurately as possible. Not disclosing key facets about your finances or refraining from providing requested documentation will delay the VA loan process and may result in loan denial.