Thank you for your service.
There are a couple of ways to obtain your VA COE.
1) A lender can pull it through the VA portal with copy of your DD-214 and a form.
2) Veterans can access it through the VA ebenefits portal by signing up.
Here's the link for the VA ebenefits site:
It sounds like you may have a VA mortgage right now, if so you'll be looking at using
the 2nd tier or bonus entitlement provision.
Here's how it works:
Take the VA county loan limit which is $417,000 in most areas and multiply by 25% to get the Veteran's total entitlement of $104,250. Now calculate the amount of entitlement that's already been used by multiplying the purchase price of your current home it 25%. Here's an example: Let's say the purchase price of your current home was $208,000 X 25% = $52,000.
Now subtract what's already in use from the total, $104,250 - $52,000 = $52,250. In this example. you would have $52,250 of available entitlement to use towards a new purchase.
*NOTE - this only works when buying at or above $144,000.00.
Any subsequent use of your entitlement increases the VA funding fee to 3.3% of the loan amount unless the Veteran has a service connected disability rating of 10% or more.
Check out my recommendations here on Trulia from some of my past clients by clicking the following link.
Please feel free to contact me for more information or help.
You can also find info on my VA Mortgage website by clicking the link below.
Senior Mortgage Banker
Peoples Bank & Trust