If you have a service-connected disability, you may be eligible to receive a monthly compensation payment. You may also be eligible to receive additional compensation if you have a service-connected rating of 30% or higher and have dependents, if you have missing limbs or if your spouse is ...
Concurrent Retirement Disability Pay (CRDP)is also referred to as Concurrent Receipt. CRDP was passed in 2004 and applies to military retirees who have a combined VA disability rating of 50% or greater. Military retirees who have a service-connected disability rating of 50% or higher are eligi...
The VA makes disability determinations based on a ratings system that assigns percentages when evaluating a person's degree of disability.Degrees of disabilityhave to do with how a physical or mental condition affects a person's ability to earn a living. A VA rating of 100 percent rating indica...
Funding fees for a VA construction loan are equal to those for a VA home purchase loan, ranging from 1.4 to 3.6 percent. These vary based on your down payment amount. The funding fee percentage is based on the loan amount and not the purchase price of the home. How to pay the VA fun...
Your maximum annual payment rate increases to $2,901.78 per dependent if you have additional dependents. If you are diagnosed with mesothelioma or lung cancer, your 100 percent disability rating will disqualify you for a VA pension because the income from your VA Disability Compensation will be hi...
You were separated from service due to a service-connected disability You are an unmarried surviving spouse of a service member who was KIA/POW/MIA Wartime & peacetime periods VA loan certificate of eligibility There’s only one way to be 100 percent sure that you’re eligible to purchase a...
Since the VA guarantees the lender the top 25 percent of the loan, no mortgage insurance is required. Most conventional loans require a borrower to put down at least 20 percent of the purchase price or pay mortgage insurance. Mortgage insurance can be costly and does not ever go towards redu...
A particular misconception surrounding VA loans is the closing costs. While VA loans come with no required down-payment, there are closing costs that the borrower will have to pay. These closing costs equal between 1 and 5 percent of the loan amount, dep
Deciding on the degree of the veteran’s disability, based on a 10 percent to 100 percent scale. Mesothelioma and asbestos lung cancer diagnoses typically receive a 100 percent disability rating. Reviewing the veteran’s dependent status. Single veterans who have been diagnosed with mesothelioma can...
What’s more, your loan-to-value ratio cannot exceed 90 percent. And you have to live in the continental United States, so Hawaiians and Alaskans are not eligible. Lastly, the maximum allowable repair limit is $50,000. So if your home renovations are likely to exceed this limit, you’...