Does anyone know if a Soldier who is flagged is eligible for a VA Home Loan?

2014-06-03T18:59:19-04:00

My commander insists that is the case, but I've done a couple dozen Google searches and have come up empty. Any help for me (and my Soldier) would be greatly appreciated!

Response by MSG Private RallyPoint Member made Jun 3 at 2014 8:03 PM

2014-06-03T20:03:32-04:00

SFC Reitz, I have honestly never heard of this as an issue before. However, AR 600-8-2 does not mention a VA home loan as one of the items considered "favorable actions". Also, the VA home loan website does does not mention anything similar.

http://benefits.va.gov/homeloans/purchaseco_eligibility.asp

Even if the Soldier does not improve and receives a chapter 13 discharge it would not stop them from getting the loan. The VA website says that a Veteran may qualify for a home loan as long as they were not given a dishonorable discharge (which a chapter 13 is not).

Eligibility - Home Loans

Eligibility page for the VA Loan Guaranty Service

Response by SPC Anthony Smith made Jun 4 at 2014 2:29 PM

2014-06-04T14:29:38-04:00

Hi Steven,

If likely depends on how the lender does a verification of employemt. If it comes back unfavorably, then the lender will not give him/her a mortgage. He/She must also show over 12 months remaining before ETS. Hope that helps.

Response by SSG(P) Imad Ennafii made Jun 4 at 2014 5:23 PM

2014-06-04T17:23:14-04:00

SFC Reitz,
For a VA loan all you need is a DD214 with a honorable discharge and if still in the service you need a statement of service stating time served and time left ti'll your ETS. Flag has no effect so ever on your VA Loan.

Response by SPC Private RallyPoint Member made Aug 23 at 2018 3:53 AM

2018-08-23T03:53:57-04:00

If you are flagged you can’t re-enlist will that affect the va loan?

Response by SPC Chris Carter made Jul 12 at 2019 10:02 PM

2019-07-12T22:02:59-04:00

Also for a VA loan I just did mine last year and you will need a COE