The Statement of Service Letter is most important when you are nearing the end of your service. The VA requires lenders to confirm that there are at least 12 months left of verified income to qualify for the VA loan .
If on active duty, furnish a statement of service written on official government letterhead, signed by the adjutant, personnel officer, or commanding officer. The statement should include name, birth date, service number, entry date and time lost. Veteran has been rated incompetent by VA. LOAN APPLICATION WILL require prior approval PROCESSING BY VA.
VA Loans > Documents > Statement of Service. If you are currently on Active Duty in the Military, you will need an official Statement of Service in order for your approved VA Mortgage Lender to establish your eligibility for a VA Mortgage. You can obtain a Statement of Service from your commanding officer.
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To be eligible for VA loans, your service requirements are as follows:. less than 12 months after loan closing to prove income, and a Statement of Service to. For example, if you were regular military personnel buying a $250,000 home with .
Statement of Service Letter Requirements for a VA Loan. Proof of service for Veterans on active duty is a statement of service signed by, or by the direction of, the adjutant, personnel office, or commander of the unit or higher headquarters they are also attached. There is no one unique form used by the military for a statement of service.
In most cases this statement must also show the effects of the refinance through a summary of how long it will take the veteran to recoup the costs associated with the refinance. Lenders may use this sample document. This statement should be on the lender’s letterhead. See VA Lenders Handbook, Chapter 6, Section 1.d.
In order to be approved for a VA home loan, the VA requires you to provide a signed statement from your unit commander or a designated representative. The statement must list you by name, rank, Social Security number and also the nature of your current active duty service commitment or the length of your current assignment.
Search VA Forms. To find a form, enter the form number (example: 12-1234 or 1234) or a word from the form’s title or subject.
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