1-800-24-RATES Toggle High Contrast High-Contrast

How do you apply for a VA home loan?

In order to become eligible for a VA home loan from Mutual of Omaha Mortgage, we’ll need to verify your service history with the Department of Defense. To verify your service history, and secure your VA loan eligibility, obtain a Certificate of Eligibility (COE) and present it to your Mutual of Omaha Mortgage Banker. You can follow this link to fill out the form yourself, but our team at Mutual of Omaha will be more than happy to walk with you through this process.


What is needed for a VA home loan?

To move along the application process, your Mutual of Omaha Mortgage Banker will require several documents pertaining to your employment, credit and income. This may include the last two years of your W-2 forms – verifying at least two years of employment with the same business – authorization to run a credit history report and copies of your most recent paystubs to verify your current income status. These documents will go a long way in determining the right loan structure for your unique financial needs.

Of the 20+ million active duty service members and veterans, a 2020 report shows less than 15% are utilizing their VA mortgage benefit*.

Other VA Loan Requirements

VA home loan requirements aren’t as tedious as their conventional counterparts. However, there are certain limitations on your home loan. Specifically, VA loans adhere to the loan maximums as determined by lenders Fannie Mae and Freddie Mac. Visit our VA Loan Limits page to learn more about the loan maximums, and other VA loan requirements.

Regulations and Fees

While the VA Loan is a federal program, the government generally does not make direct loans to veterans. Private lenders, including Mutual of Omaha Mortgage, finance the loan while the Department of Veterans Affairs offers a guaranty. This guaranty provides incentive for private lenders to offer loans with better terms.

Loan Limits
In most parts of the country, veterans who qualify for the VA Loan can purchase a home worth up to $510,400 without putting any money down: borrowers in high-cost counties may be able to purchase homes far exceeding that amount without a down payment. With a required minimum down payment, Mutual of Omaha will authorize VA loans above county limits in excess of $1.5 million. To find out the VA Loan Limit in your area, reach out to a Mutual of Omaha Mortgage Banker today.

Need a Loan?

Get personal loan offers in a few simple steps

*According to a 2020 report on Department of Veterans Affairs loan guarantee data.