To be eligible for home loans, current active duty personnel, veterans, reservists and members of the National Guard must have sufficient credit and income, have other than dishonorable discharges, and meet the minimum service requirements, reports the U.S. Department of Veterans Affairs. Under certain conditions, spouses of veterans and those with service in other qualifying organizations may also be eligible for loans.
The service requirement for current military personnel and veterans of World War II, the Korean War, the Vietnam War or the Gulf War is 90 days of active duty, specifies the U.S. Department of Veterans Affairs. Those serving during the periods between wars require active duty for more than 180 continuous days. Members of the reserves or National Guard deployed for active duty in the Gulf War for 90 days or more qualify for loans. Other reservists or National Guard members qualify after six years of service.
Surviving spouses of veterans who have not remarried may qualify for loans if their marriage partners died during service or died afterward as a result of service-related disabilities, explains the U.S. Department of Veterans Affairs. Spouses whose service member partners are prisoners of war or missing in action may also qualify. Members of other organizations who may be eligible for VA loans include cadets at U.S. military academies, Public Health Service officers, National Oceanic & Atmospheric Administration officers and merchant seamen with military service.