The Statement Of Service & Why You MIGHT Need One If You're Trying To Use The VA Mortgage

What is a Statement of Service?

It's a document that provides key information about a borrower's military service. While the exact format may vary, the letter typically includes information that your VA lender needs to verify your military employment. Whether you're an active-duty service member, a veteran, or a surviving spouse, the Statement of Service plays a pivotal role in the VA loan application process.

Some of the key information commonly found in a statement of service includes:

Official letterhead
Date
Full name
Social security number
Date of birth
Branch of service
Rank
Date entered on active duty
Current date of separation
Unit of assignment and current duty location
Duration of time lost (if any)
Last discharge
Type of discharge
Barred or flagged status from continued service
Reservist status (active or inactive)
Eligibility to reenlist
Information current as of date
Signature and title of signer

Why is it Required?

The Statement of Service serves as proof of the borrower's current military status, which is crucial for determining eligibility for a VA loan. It includes details such as the start date of active duty, any breaks in service, and the anticipated date of separation. The Statement of Service is so important because the Veteran typically does not have a DD214 yet.

How to Obtain a Copy?

The process varies depending on your branch of service. However, typically, active-duty service members can request it from their personnel office or commanding officer. Securing your statement of service can be a time-consuming process, so you should initiate the procedure as early as possible when considering a VA loan.

🔴 Subscribe for more free Home Buying tips:    / @homebuyingwithchristian3616   ?sub_confirmation=1

🔴 Looking to get Pre-Approved for a new home, vacation home or investment property? Or refinance a current property? Feel free to follow the link below and start the process online:
https://apply2.radiusgrp.com/#/signup...

🔴 Check out my most popular YouTube video here on Renovation Loans:    • General Overview of Renovation Loans (FHA ...  

🔴 Recommended Playlist: The Top Ten Questions Googled of 2022 by Potential Home Buyers
   • The Top Ten Questions Googled of 2022 by P...