| Veterans who served on active duty
and were discharged under conditions other than dishonorable, during World War II and
later periods are eligible for VA loan benefits. World War II (September 16, 1940 to July
25, 1947), Korean conflict (June 27, 1950 to January 31, 1955), and Vietnam era (August 5,
1964 to May 7, 1975) veterans must have at least 90 days' service. Veterans with service
only during peacetime periods and active duty military personnel must have had more than
180 days' active service. Veterans of enlisted service which began after September 7,
1980, or officers with service beginning after October 16, 1981, must in most cases have
served at least 2 years. Persian
Gulf Conflict. Basically, reservists and National Guard members who were activated on or
after August 2, 1990, served at least 90 days and were discharged honorably are eligible.
VA regional office personnel may assist with eligibility questions.
Members of the Selected Reserve,
including National Guard, who are not otherwise eligible and who have completed 6 years of
service and have been honorably discharged or have completed 6 years of service and are
still serving may be eligible. The expanded eligibility for Reserves and National Guard
individuals will expire September 30, 2003. Contact the local VA office to find out what
is needed to establish eligibility. Reservists will pay a slightly higher funding fee than
regular veterans. |
