Every Veteran Should Be Using This Mortgage Program
How Every Veteran Can Build Their Dream Home With Zero Down
Do You Qualify For A VA Loan?
Usually, eligible VA Loan borrowers are on active duty with the regular military, Guard or Reserves, or have been honorably discharged from a branch of the military.
In most cases, the VA has your records on file. It can provide your Certificate of Eligibility (COE) to your lender almost instantly through it WebLGY system.
If any one of the following is true, you may be eligible for a VA mortgage.
There are other instances in which you may be eligible – the rules depend on when you served.
- Served 181 days during peacetime (Active Duty)
- Served 90 days during war time (Active Duty)
- Served 6 years in the Reserves or National Guard
- Your spouse was a service member who was killed in the line of duty.
Re-using VA eligibility.
You can use your VA eligibility more than once. Normally, to re-use it, you sell your home, pay off your existing mortgage and restore your eligibility.
You can’t, however, have more than one VA loan at a time. If you pay off your VA mortgage without selling the property, you can restore your eligibility and get another VA mortgage. However, you only get to do this ONE time.
What if someone assumes your VA mortgage?
If you sell your home with a VA assumption, your eligibility can be restored only if the buyer is also an eligible veteran who is willing to substitute his or her eligibility for yours. Otherwise, your eligibility won’t be restored until your buyer pays off your VA loan.
What about partial eligibility?
If you used only part of your eligibility, and it cannot yet be restored, you can still use any leftover eligibility. You need to check with a lender to see if what’s left is enough for the loan you want, and if you need a down payment.
What if you get a divorce?
If property is awarded to your former spouse, your entitlement cannot be restored unless he or she refinances the property and/or repays the VA loan in full. Or your ex is a veteran who substitutes his or her entitlement.
Source: Gina Pogol zillow.com
Homeowners Stories
"Greg made a traditionally stressful process easy to execute and understand. We appreciated his willingness to talk through different considerations and scenarios to choose the option that was best for our family. From initiation to close, we had a thorough yet efficient experience with Greg and his team! "
Chelsea S, Centerville, OH
“Greg helped me buy my very first home using their Ohio Heroes Grant Program. With the down payment assistance and sellers’ concessions I even received a check back at closing! I highly recommend Greg and the 3rd Street Financial team!”
Katie F, Centerville, OH
“I really appreciated how responsive and organized Greg, and the 3rd Street Financial Team were. They were always keeping me updated and making sure everything stayed on track. I felt confident and well taken care of every step of the way. I’m so happy with the service I received and would highly recommend Greg to anyone looking for a reliable, trustworthy mortgage broker!”
Rebecca B,
Kettering, OH
"Greg & Casey took amazing care of us on our refinance! We locked in a great rate, closed quickly, and we were even able to skip two mortgage payments in the process. Their professionalism and efficiency made everything stress-free. I would highly recommend Greg and his team to anyone looking to buy or refinance!"
Eric W,
West Chester, OH
It's Your Equity. Enjoy It.
You've worked hard for your home. You've earned the right to enjoy it and
fast-track your way to financial freedom.
Gregory Skelton
NMLS#2587945
(513) 317-0092
gskelton@3rdstreetfinancial.com
6964 Tylersville Rd. Suite B
West Chester, OH 45069
©2025 3rd Street Financial Corporation. NMLS ID # 304138 (www.nmlsconsumeraccess.org). All rights reserved. Equal Housing Opportunity. Rates, fees and program guidelines are subject to change without notice. Not all applicants will qualify. Subject to underwriting approval, including income verification, credit verification and satisfactory appraisal. 3rd Street Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the Federal government.