Mortgage Basics: Information for First Time Home Buyers

What is the definition of a veteran?

For VA home loan purposes, a veteran is a person who served in the active Air Force, Army, Marine Corps, Navy or Coast Guard and who, except for a service member on active duty, was discharged or released from active duty under conditions other than dishonorable. The surviving spouse of a veteran, who has not remarried, is also considered eligible for certain VA benefits.