Question

Which of the following must a veteran have in order to qualify for a home loan backed by the VA?

Select one:
a. All of these are correct
b. A valid driver's license
c. A valid Certificate of Eligibility
d. A valid Affidavit of Service

Answer 1

A veteran needs a valid Certificate of Eligibility to qualify for a VA-backed home loan.

Step-by-step explanation:

In order to qualify for a home loan backed by the Veterans Affairs (VA), a veteran must have a valid Certificate of Eligibility (COE). This certificate confirms that the service person is eligible to receive VA benefits, including VA-backed home loans. It's important to note that other documents like a driver's license or an Affidavit of Service, while potentially necessary for other aspects of the loan application process, are not specific requirements for determining eligibility for a VA-backed home loan.