If you are a veteran that wants to use your VA benefits, you must provide proper documentation. The lender needs to know that you are eligible for the program. If you were or are a part of the National Guard, one of those important documents is the NGB Form 22.
The NGB Form 22 Defined
The NGB Form 22 is the National Guard Report of Separation and Record of Service. Basically, this is the form that is necessary to prove that you were in the National Guard and that you served enough time to qualify for VA benefits. In case you didn’t know, you must serve at least six years in the National Guard in order to be eligible for the VA loan.
The Contents of the NGB Form 22
The NGB Form 22 contains a lot of information that the lender can use including:
- Your personal identifying information
- The branch served in the National Guard
- The date you started your service
- Your rank
- The amount of pay
- The station you served
- Your last date of service
- The type of education you received in the military (if any)
- Your mailing address (after discharge)
- Reason for your discharge
You should receive a copy of your NGB Form 22 upon discharge from the National Guard. If you don’t receive yours or you misplace it, you can request a new copy. Keep in mind, though, it could take quite a while to receive your copy. The National Personnel Records Center receives more than 20,000 requests each week. If you know you want to apply for a VA loan, make sure you request your form in plenty of time to avoid delays with your mortgage financing.
You’ll need the NGB Form 22 to use your VA benefits, especially your home loan benefits. Make sure you have your copy and keep it safe even if you won’t use your VA home loan benefits right away. You never know when you will need it down the road.