If I commission onto active duty before my Army Reserve contract ends next year, will I still be eligible for a VA loan next year?

2020-12-18T20:22:37-05:00

My army reserve contract will Next year october 2021 but i recently got selected in active duty officer. I will be releasing from my current unit next month and reenlist to active duty officer. I will not be able to complete this current contract. I am planing to buy house in november 2021. Am i still eligible for VA loan in november? Or i have to wait 180 days after i finish my officer training? Please let me know

Response by SFC Private RallyPoint Member made Dec 18 at 2020 8:32 PM

2020-12-18T20:32:12-05:00

https://www.va.gov/housing-assistance/home-loans/eligibility/

Eligibility requirements for VA home loan programs | Veterans Affairs

Learn about VA home loan eligibility requirements. Find out how to apply for a Certificate of Eligibility (COE) to show your lender that you qualify for a VA-backed loan based on your service history and duty status.

Response by MAJ Javier Rivera made Dec 18 at 2020 9:15 PM

2020-12-18T21:15:32-05:00

Few things, unless you are resigning your commission, you are not reenlisting! Next, if you already have benefits then you are good to go. You’re not getting kicked out, just going from one component to another. All good! Only thing would be a difference in VA Loan benefits, if any, from reserve to active duty service. That I’m not too savvy.

Response by SP5 Peter Keane made Dec 19 at 2020 12:39 PM

2020-12-19T12:39:58-05:00

90 days on AD as an Officer

Response by SSG Sidney Galloway made Jan 1 at 2021 1:44 PM

2021-01-01T13:44:23-05:00

First thing I'd do is brush up my command of English. You'll be expected to lead on Active Duty, and with better command of the language than when serving part-time. Second: Officers don't enlist. Third: You still qualify for the loan.