apply va home loan out of state

VA Loans

How to Apply for a VA Home Loan in Another State

Any Veteran looking to purchase a home should consider applying for a VA home loan. There are many benefits to using a VA loan instead of a traditional loan, such as no down payment and lower closing costs. You can even apply for a VA loan if you plan to move to another state. 

However, if you plan on buying a home out of state with your VA loan, there are a few things to keep in mind. For example, you need to move into the house soon after purchase to avoid penalties, and you need to have your Certificate of Eligibility (“COE”) before you can get a VA loan.

Here are some tips that can help VA borrowers who plan on purchasing property in another state. 


How to Buy a Home Out of State with a VA Loan

Buying a home with a VA-backed loan is similar to buying with a regular mortgage, except you need to be eligible for the loan based on your service. Here is how you can get started with the process of buying a home in another state. 

Decide Where You Want to Move 

Moving to another state can be tricky for VA borrowers. You will need to move into the house within 60 days of purchase. Make sure you plan accordingly to avoid any penalties. 


It may be helpful to know that there are a few exceptions to the 60 day move-in rule. These include:

  • Active duty military with a spouse or dependent child – your spouse or dependent child can live in the home while you are away.
  • Deployment
  • Retirement
  • Home improvement or repair


Apply for a Certificate of Eligibility

You will need a Certificate of Eligibility to be considered for a VA loan. A Certificate of Eligibility is proof that you meet the requirements for a VA loan.


Look Over Your Finances

Even with a VA loan, you still need to be financially stable enough to afford the home. The amount of your loan will be decided by:

  • Credit history and score
  • Income
  • Assets


Once you know where you want to live and what you can afford, you are ready to begin the application process. Let Mortgage Solutions Financial help you with the process of applying for a VA loan.


Apply for Your VA Loan Today

Let Mortgage Solutions Financial help you get the home you have been dreaming of. We are experts in the lending process and have helped many Veterans fulfill their dream of buying a new home. Call our office today to begin the application process or speak to an expert about your financial needs.