The information below is basic but critical and presented in a straight forward way. All VA loans must start here. ~Bill
Posted on Friday, May 9th, 2014
First we will take a look at the DD-214 which we all know as our discharge paperwork. The reason why the DD-214 is so important on the VA Home Loan is because it tells the lender what type of discharge you had from the military which will determine if you are eligible for your VA Home Loan Benefits. As many Veterans know this form is incredibly important for more reasons than just using your VA Home Loan. So if for some reason you have misplaced, or lost it, thats okay. This form can be ordered from the Veterans Archives Website at http://www.archives.gov/veterans/military-service-records/ Now please understand that you MUST have this form prior to applying for your VA Home Loan. I say this because if for some reason it’s lost or misplaced it can delay your home buying experience causing stress for you and everybody involved on the transaction.
The VA Certificate of Eligibility causes much confusion for Veterans when attempting to use their VA Home Loan benefits. Furthermore this form is designed to tell both lender and the Veteran that the Veteran has sufficient entitlement/guarantee to use the VA Home Loan. Veterans please understand that just because we may have a VA COE does not mean that we automatically qualify for the VA Home Loan. A Veteran can have a VA COE and be eligible for the VA Home Loan and still not have the minimum credit score that the lender requires which is 600. To apply for your Certificate of Eligibility you may do so by contacting me directly.
Semper Fidelis,
Jimmy Vercellino
Bill Salvatore is a member of Heroes Home Advantage, a cash back program for Real Estate buyers and sellers. The program honors Veterans and Active Military Members, Fire Fighters and First Responders, EMTs and Emergency Medical Personnel, Nurses, and Teachers. Through the Heroes Home Advantage program, Realtors give a portion of their commission back to the hero in the form of assistance with closing costs. Bill is also President of the Phoenix Chapter of VAREP, Veterans Association of Real Estate Professionals. VAREP is focused on education and employment, making real estate transactions smoother and easier for Veterans and Military Personnel, and instructing other real estate related professionals in the best procedures for dealing with these transactions. VAREP is a nationwide non-profit organization with an impressive presence in the Phoenix area. In founding AZVHV, Arizona Veterans Helping Veterans, Bill has spread his dedication to Veterans and Military throughout the real estate industry. An increasing number of local professionals have joined Bill in offering discounts to these heroes, not only when buying or selling a home but in all aspects of homeownership. AZVHV has developed a wide range of services and is gaining momentum every year. Membership is free. Bill’s only requirements are that businesses be legitimate and willing to offer a discount on their services to Veterans and Military Members. You can contact Bill at Realty Executives East Valley, 1166 E Warner Rd. Suite 117, Gilbert AZ, 85296. Direct Phone: 602-999-0952. E-Mail: golfarizona@cox.net.
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Bill Salvatore – Owner / Realtor / Veteran
Realty Executives East Valley / Gilbert, Arizona
Phone: 602-999-0952
EMail Me–
