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.
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