Why does my COE say, “This Veteran’s basic entitlement is $0”?

This line on your COE is information for your lender. It shows that you’ve used your home loan benefit before and don’t have remaining entitlement. If the basic entitlement listed on your COE is more than $0, you may have remaining entitlement and can use your benefit again. 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. Your entitlement can be restored when you sell your property and pay your VA-backed loan in full, or repay in full any claim we’ve paid.