Definition
The VA document confirming a service member's entitlement to the home loan benefit.
Example
The lender pulled the Certificate of Eligibility electronically in under ten minutes.
Related terms
- Acceleration Clause
- Accrued Interest
- Adjustable Rate Cap
- Adjustable-Rate Mortgage
- Amortization
- Annual Percentage Rate
Frequently asked questions
What does Certificate of Eligibility mean in real estate?
The VA document confirming a service member's entitlement to the home loan benefit.
How is Certificate of Eligibility used in practice?
The lender pulled the Certificate of Eligibility electronically in under ten minutes.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.