Certificate of Eligibility

One of the most important documents needed for a loan application by a veteran is a Certificate of Eligibility. To receive this certificate, the veteran must secure forms for a Determination of Eligibility and Available Loan Guarantee Entitlement. These forms must be accompanied by evidence of military service. At present, veterans receive their certificate of eligibility with their discharge from service.

The Certificate of Eligibility indicates the amount of the veteran's entitlement. The entitlement is the maximum number of dollars that the DVA will pay if the lender suffers a loss. Since the maximum entitlement is $60,000, the maximum guarantee on a loan is therefore $60,000.

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