On your COE, in the table called Prior Loans charged to entitlement, we list the amount of your entitlement you’ve already used under the Entitlement Charged column. If the basic entitlement listed on your COE is more than $0, you may have remaining entitlement and can use your benefit again. It shows that you’ve used your home loan benefit before and don’t have remaining entitlement. This line on your COE is information for your lender. Why does my COE say, “This Veteran’s basic entitlement is $0”? You won’t need to use these terms when applying for a loan. We use these terms when we communicate with lenders about VA-backed loans over $144,000. Note: You may have heard the terms additional entitlement, bonus entitlement, or tier 2 entitlement. Be sure to contact more than one lender to compare. We don’t require a minimum credit score, but some lenders may have different credit score requirements.
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