VA home loan benefits for surviving spouses What if the service member passes away before he or she uses the benefit? In many cases, the entitlement passes to an unremarried spouse. For the surviving spouse to be eligible, the deceased service member must have: ...
DIC is a benefit paid to a surviving spouse, dependent children or both of a veteran who died from a service-connected disability. For a survivor to be eligible for DIC, the veteran’s death must be service-related.DIC Eligibility A disease or injury incurred or aggravated on active duty...
A veteran entitled to receive VA compensation for a service-connected disability, but who receives retirement pay or active duty pay A surviving spouse of a veteran who died in active service or from a service-connected disability An active-duty service member who provides, on or before the dat...
Because VA home loans are guaranteed by the federal government, VA-approved lenders (which are private companies) can lend with greater flexibility. Available to only current and former US service members or veterans (and some surviving spouses) who meet eligibility requirements, the VA home loan ...
VA loans are mostly restricted to veterans, servicemembers and eligible surviving spouses. It’s generally easier to qualify for a VA loan based on income and credit than with a conventional mortgage. To be eligible for a VA loan, you have to meet one or more of the following service crite...
If you're an active military member, Veteran or surviving spouse, you may be able to get a home mortgage loan that is backed by the U.S. Department of Veterans Affairs (VA). VA loans typically offer great rates and come with a host of other benefits. If you think you might qualify,...
You may be eligible for a VA home loan if you: Are a veteran, current service member, or a surviving spouse Have obtained a Certificate of Eligibility (COE) Have a minimum 550 FICO score Meet income qualifications While this is the most basic criteria, there are a variety of additional VA...
Or a surviving spouse or member of the National Guard Requires Certificate of Eligibility from the VA to determine financing available Must occupy property as your primary residence If you serve (active duty) or served in the Air Force, Army, Coast Guard, Marine Corps, Navy, or the National ...
A surviving spouse of a veteran who died in service or from a service-related disability. An active-duty service member who has been awarded the Purple Heart. Military personnel who have a memorandum saying you are eligible for compensation based on pre-discharge claim? Closing Costs The VA ap...
First and foremost, to qualify for VA loans, you have to be a service member, veteran, or surviving spouse. Service members are those who have served in the U.S. armed forces (Army, Coast Guard, Air Force, Navy and Marine Corps), the Commissioned Corps of the Public Health Services, ...