Eligibility for VA Home Improvement Loan – Your Qualification for This Loan

Are you a veteran that wants to get VA home improvement loan? It is your right to get this loan but of course, you must be eligible. The following tips are what guarantee your eligibility for this loan you may want to use for remodeling your home and increasing its value.


First of all, get on the Eligibility form (Form 26 - 1880) to determine your eligibility for obtaining the loan. You shouldn’t rely on the database of VA that provides eligibility certificates because in most instances the website is not updated with names of current Veterans eligible for home improvement loans.


You can get your form from any eligibility center in your resident state, city or region. Preferably, the website http://www.va.gov./vaforms/ will help you access the form with ease.


If you have bad credit then it may affect your VA home improvement loan approval. However, let this not be a primary issue of concern to you. Why that? It is because most individuals with credit problems are provided with credit counseling service on this loan in the course of the application.


Your eligibility for this loan can be guaranteed by the VA if you have a monthly income to repay the loan amount. So, you need to ensure that you have substantial source of income for this loan.


The above are some of the important issues you should deal with before considering VA home improvement loan. You will qualify if these are in place.
For more details about eligibility for VA home improvement loan, visit any of the office of the Veterans Affairs in your locality or the website - http://www.homeloans.va.gov/