Common Forms for VA Home Loans

 

Quick Access to Top Forms with Step-by-Step Instructions

 

There are specific VA- or IRS-generated forms that may be required in order to start the VA home loan process. iFreedom Direct® specialized VA loan professionals are available at no obligation to assist with questions about forms such as these or others that may be necessary depending on the borrower's unique situation.

 

VA Form 26-1880: Obtain COE/Restore Entitlement

The VA Form 26-1880 is a document used to obtain a Certificate of Eligibility (COE) and to restore entitlement.  The COE is a required early step in getting a VA home loan.  Veterans, Active Duty, Reservists and National Guard members who have served on active duty can obtain a COE three ways:

Online: At the Veterans Information Portal (http://vip.vba.va.gov) click on User Registration and follow instructions for obtaining COE.  

Lender: Loan Professionals can often get a Certificate online instantly if the serviceperson can produce evidence of eligibility.

Mai: VA Form 26-1880 must be completed and sent to the VA Winston-Salem Eligibility Office (surviving spouses must use VA Form 26-1817).

 

VA Form 26-1817: Obtain COE for Surviving Spouse Only

Since surviving spouses are not in the WebLGY system, VA Form 26-1817 is the only way for a surviving military spouse to obtain a COEs.  COEs for this group of VA borrowers can only be obtained through U.S. Mail. With VA Form 26-1817, surviving spouses can expect about a two-week turnaround time if the veteran died during service or if the death after service has already been determined to be service-connected.  If it has not yet been decided whether a post-service death is service-related, then the process could take up to three months. 

 

VA Form 26-8937: VA Funding Fee Waiver

VA Form 26-8937, otherwise known as Verification of VA Benefits, is used by VA mortgage lenders to obtain a VA funding fee waiver if a potential borrower fits one of the following criteria:

  • Veteran currently receives VA disability payments

  • Veteran has received VA disability payments in the past

  • Veteran receives retired pay in lieu of VA disability payments

  • Veteran filed a claim for VA disability benefits prior to discharge from active duty service

  • Surviving spouse of a veteran who died on active duty or as a result of a service-connected disability

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IRS Form 4506-T, Request for Transcript of Tax Return

Manytimes, a VA lender will need to have information on a borrower's status with the IRS. This form requests a tax return transcript, which is a snapshot of the individual's standing with the IRS and includes payments, penalties, assessments and adjustments.

 

VA Assumption Forms

When a VA-guaranteed mortgage is assumed by another veteran, there are certain forms that need to be completed.  The forms used in VA loan assumption assure that the seller is released from liability and that the liability is transferred to the buyer.  The forms used during VA loan assumption include:

  • VA Form 26-6381, Assumption Approval and/or Release of Personal Liability to Government of VA Home Loan – This form is to be completed by the seller/ original holder of VA loan

  • VA Form 26-6382, Statement of Purchaser or Owner Assuming Seller’s Loan – This form is to be completed by the buyer/assumer of the VA loan

  • VA Form 26-6807, Financial Statement – This form is to be completed by the buyer/assumer of the VA loan

  • VA Form 26-8106, Statement of Veteran Assuming VA Loan – This form is to be completed by the buyer/assumer of the VA loan

 

For help with determining what forms you need to fill out to start your VA home loan process, call 888-589-1665 with no obligation or click on the form to the right to submit your information.