Can You Get A VA Loan With A OTH Discharge?

Can I become a police officer with an other than honorable discharge?

With a “general” discharge you may can get through depending on the state, but with an “other than honorable” discharge you may need to get the discharge upgraded.

Again this is all depending on the state and also the agency you wish to work for.

Yes..

How long does it take for a VA loan to be approved?

Most VA loans close in 40 to 50 days, which is standard for the mortgage industry regardless of the type of financing. In fact, dig into the numbers a bit and you don’t find much difference between VA and conventional loans. Let’s review five key factors that could affect the timeline of a VA loan purchase.

Are you considered a veteran if you have an other than honorable discharge?

Under federal law, a veteran is any person who served honorably on active duty in the armed forces of the United States. Discharges marked “general and under honorable conditions” also qualify. … They would be considered a veteran no matter how long they served.

How bad is an other than honorable discharge?

The most severe type of military administrative discharge is other-than-honorable conditions. … In most cases, veterans who receive an other-than-honorable discharge cannot re-enlist in the Armed Forces or reserves, except under very rare circumstances.

Will the VA approve a fixer upper?

VA rehab and renovation loans offer veterans and service members a low-cost, no-down-payment way to purchase fixer-uppers or homes in need of some extra TLC. Through VA renovation loans, borrowers can finance both the purchase price and necessary repairs, or refinance and repair an existing home.

Can a OTH discharge be upgraded?

As long as the OTH discharge occurred within the past 15 years, vets can appeal to their branch’s Discharge Review Board by filing a DD Form 293. Older discharges would have to be reviewed by a Board for Correction for Military or Naval Records.

Does OTH discharge show up background check?

If you were Honorably Discharged or even Other Than Honorably Discharged, it doesn’t appear on most Background Checks. Yes, your military background will show up on a background check. … Most jobs are expecting you to provide your work history, including military service.

Can I buy a gun with a OTH discharge?

Your OTH discharge does not preclude you from owning a firearm as far as Federal law goes.

What credit score is needed to qualify for a VA loan?

580 to 660No minimum credit score You read that right: The U.S. Department of Veterans Affairs, which insures all VA home loans, doesn’t require a certain credit score. But the private lenders that issue VA loans may have their own minimum credit score requirements, typically ranging from 580 to 660.

Is it hard to get a VA loan with bad credit?

Securing a VA loan with bad credit isn’t impossible, but it is common for many lenders to have a more stringent credit requirements. … For VA loans, borrowers often need a FICO score of at least 660, but the VA doesn’t mandate a minimum credit score requirement and some lenders may be willing to go below that cutoff.

Can I get a VA loan with an OTH?

“Cases involving other than honorable discharges will usually require further development by VA. … For active duty service members, as long as your discharge was NOT categorized as Dishonorable, you are eligible to apply for VA home loan benefits if you meet the basic requirements for the VA loan program.

What can disqualify you from a VA loan?

Dishonorable Discharge Veteran status requires that service members are discharged or released from the military under conditions other than dishonorable. A veteran with a dishonorable discharge will not be eligible to participate in the VA Loan Guaranty program.