Getting a VA home loan is much easier with a valid copy of your DD 214. A DD 214 is proof of your active service in the military for a minimum of 90 consecutive days. This is one of the last 0% down home loans still available on the market! If you’re looking to purchase a home, our team at VA Home Loans is here to help. Below you can read more on all the benefits of a DD 214, check it out!
The Purpose of a DD 214
Having a valid copy of your DD 214 has additional purposes on top of helping you with your VA home loan. Some benefits include college education discounts, medical benefits, veteran hiring preferences, and many more. It can also be used as a form of veteran identification, to check eligibility while reenlisting, by employers to see reasons for discharge, and in funeral restitution. If you do not have a copy of your DD 214, you can apply here!
How The Different Copies Are Used
Knowing the difference between the eight DD 214 copies is very important because not all are relevant when applying for a VA home loan. First is a Member One copy, or a short form, for the service member to have. The second is a Service Two copy, which is a long-form sent to the military service to keep on file. The Third and Sixth copies are sent to the VA and these are critical for obtaining a VA home loan. The other four types of a DD 214 are sent to the Department of Labor to have on file or to ensure appropriate service regulations are being followed.
Going Digital
There are many concerns about privacy regarding DD 214s. To combat this, the government is working on a fully electronic version for DD 214s to be implemented by 2024. Not only would this make it easier for you to access, but it would also work to keep your confidential information private. The conversion from paper to digital will also work to decrease inaccurate data that service members have imputed form filing for the form by hand.
DD 214s are necessary to qualify for a VA home loan. Digitally filling this proof of service is quicker and easier for you and government agencies working with you. If you have any questions regarding VA Home Loans or DD 214s, contact VA Home Loans of Idaho today!
