Certificate of Eligibility (COE)
What Is a Certificate of Eligibility?
A Certificate of Eligibility (COE) is a document confirming a borrower’s eligibility for a VA-backed mortgage.
It verifies military service requirements under the U.S. Department of Veterans Affairs.
A COE does not guarantee loan approval. It confirms program eligibility.
Why It Matters in a Mortgage
The COE:
- Confirms entitlement
- Determines funding fee requirements
- Allows lenders to proceed with VA underwriting
Without a COE, a VA loan cannot be issued.
Eligibility depends on service history, discharge status, and other criteria.
How It Works
Borrower requests COE through:
- VA portal
- Approved lender
- Mail submission
Once issued, it provides entitlement information to the lender.
COE vs. Loan Approval
COE → Confirms eligibility
Loan Approval → Based on credit, income, and underwriting
They are separate steps.
FAQs About COE
Does a COE expire?
No, but entitlement limits apply.
Can lenders obtain it for me?
Often yes.
Does COE guarantee zero down payment?
Typically, but loan limits may apply.
Related Terms
VA Loan
Funding Fee
Underwriting
Mortgage
Entitlement
