Certificate of Eligibility

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Home Real Estate Terms Glossary Certificate of Eligibility

What is a Certificate of Eligibility?

A Certificate of Eligibility, or COE, is a document that informs your lender whether or not an individual meets eligibility requirements to receive a loan. It provides the lender with additional information such as fixed assets and titles. Without this certificate, you cannot buy a share of a lease. Usually, lease revenues secure the certificates of eligibility.

Certificate of Eligibility Examples

Examples of Certificate of Eligibility include:

  • Example 1: Good credit score
  • Example 2: Duration and reason of any financial disruption
  • Example 3: Standard municipal financing

Here is a comprehensive article about the certificate of eligibility.

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