Question

What two documents are required of the borrower when applying for VA loan?

Answer 1

When applying for a VA loan, borrowers are typically required to provide a DD Form 214 and a Certificate of Eligibility (COE).

Step-by-step explanation:

When applying for a VA loan, the borrower is typically required to provide two key documents:

1. DD Form 214: This form is issued to veterans upon their discharge from military service. It provides details about their military service history, including dates of service, characterization of service, and medal awards.
2. Certificate of Eligibility (COE): The COE serves as proof that the borrower is eligible for a VA loan. It verifies the borrower's military service and outlines the entitlement amount they can receive.

These documents are necessary for the borrower to demonstrate their eligibility and provide important information about their military service.