finance

certificate of eligibility

A certificate of eligibility is a document issued by the Department of Veterans Affairs confirming that a veteran, service member, or eligible surviving spouse qualifies for a VA-guaranteed home loan and showing the amount of entitlement available. Lenders require it before closing a VA loan. It does not guarantee loan approval, since the borrower must still meet the lender's credit and income standards.

Exam tip
The certificate of eligibility is tied to VA loans and shows entitlement; a certificate of reasonable value is the VA appraisal. Do not mix up the two.
Example
A Navy veteran's lender obtains her certificate of eligibility online, confirming full entitlement before she buys a $350,000 home with no down payment.

Related terms & state variants

Sources

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Last verified: 2026-10-23