1.2 million veterans tapped into their VA home loan benefits in 2020, and even more are expected to do so this year. See where retired military service members are taking out VA loans at the highest rate, and learn more about the eligibility requirements
2. Apply for a Certificate of Eligibility (COE). Obtaining a COE from the VA confirms your eligibility for the VA home loan benefit and is required by your lender for VA-backed home loans. You can request a COE online using the eBenefits service from the Department of VA, through your ...
During the following year, fourteen federal laws were passed strengthening veterans’ benefits. These new initiatives expanded health care and student assistance eligibility, extended certain VA benefits to widowers, and established mortgage life insurance policies for the severely disabled. Washington took ...
The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which became law on Dec. 20, principally expands retirement eligibility and amends certain aspects of withdrawals. Previously, contributions to retirement accounts were capped at age 70.5, the same starting point for mand...
You don’t need tohave a service-connected disabilityto be eligible to receive VA health care benefits. Eligibility is based on active duty service in the Air Force, Army, Coast Guard, Marines, Navy, or Merchant Marines (in WWII), who have an “other than dishonorable discharge.” Former ...
b. Make sure your loan has been seen by an underwriter BEFORE you sign a contract. Most lenders give you a preapproval that is worthless, it just means the originator thinks he can get the loan done. Only underwriters can truly determine your eligibility for a purchase. Southwest Funding is...