Rules of Applying for VA Home Loans with Bad Credit in Aurora

VA loan is facilitated by the U.S. Department of Veteran Affairs. It is a government-backed loan program that has been designed to help military service members and veterans to buy homes and fulfill the dream of owning a property. It streamlines the process of loan approval and makes access to funds easy for the applicant, even with bad credit.

Yes, you heard it right! You can apply for a VA home loan with bad credit in Aurora, IL, provided you know all the essential rules of applying. Not so sure about your eligibility and loan approval criteria? No worries, because we are here to help.

Eligibility for VA Home Loans

To get VA loans you need to adhere to the following eligibilities; the applicant has to be;

  • Active in duty along with a continuous 90 days serving history.
  • Meet the requirements concerning the length of service (during wartime it has to be 90 days and during peacetime, it has to be 181 days).
  • Completion of 90 days active duty or six years in National Guard or Selected Reserve.

Other than the service persons, the surviving spouse of the veteran who dies while on duty or due to complications from an injury suffered during active duty. However, if the applicant has remarried then he/she is not eligible for the loan. People who were discharged on account of dishonorable conduct are not eligible for the VA loan.

Applying for VA Home Loans

You can apply for VA loans to a bank, loan institution, or private lenders and credit unions that facilitate that kind of loan. The process is not different from applying for other kinds of loans.

The applicant has to furnish documents related to identity proof, income, and other financial information along with documents that prove that you are eligible for VA loans. Once all the essential documents are with the concerned loan facilitator, they are assessed to determine your loan approval. You must have the VA certificate of eligibility, issued by the U.S. Department of Veteran Affairs. It is proof that you meet the requirements for a VA loan.


Those are the essential rules of applying for a VA home loan with bad credit in Aurora, IL. If you get the eligibility right, then even with a bad credit history you can come by the loan amount through a finance broker or a private lender, with the authority to facilitate VA loans.

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