Surviving spouses of a veteran who died in service or from a service-related disability. Active military members who have been awarded the Purple Heart. Veterans who have a memorandum rating saying you are eligible for compensation based on pre-discharge claim. Entitlement: Do You Pay PMI on a...
This is a VA-established fee that helps cover the costs of the loan guarantee program. It is the VA’s version of private mortgage insurance (PMI). If you are receiving disability compensation from the VA, you may be exempt from paying this fee. Visit this link to learn more about ...
Survived a spouse who was killed in the line of duty or lost their life from a service-related disability The VA website has more information on distinguishing between wartime and peacetime service. Service requirements are waived if you’re discharged because of a service-related disability. If...
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from the funding fee, including veterans who have received VA compensation for disabilities related to service, veterans who would be eligible for compensation for disabilities related to service, and surviving spouses of veterans who died in service or as a result of a disability related to ...
Veterans who think they might qualify for the VA Automobile Allowance and Adaptive Equipment program must file a claim for disability compensation and ensure their service-connected disability falls under 38 U.S.C. 1151. Additionally, you must obtain the VA's approval before you buy a specialty ...
VA Funding Fee Exemptions You won’t have to pay the funding fee if you qualify for an exemption. The following borrowers are exempt from paying the VA funding fee: Veterans and service members receiving compensation for a service-connected disability Anyone who’s eligible to receive compensation...
How can you use the funds from a VA business loan? What advantages and disadvantages do veterans have when trying to start a business? Can an LLC use a veteran business loan? What are the fees on veteran business loans? Veterans can easily get excellent loans Many of the best loans availa...
VA Mortgage Costs All veterans, excluding veterans collecting more than 10% disability, are required to pay a funding fee. The funding fee is determined based on property, type of loan, military category, down-payment if any. You can see the full breakdown of the VA fees here. ...
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