Asked By: Sebastian Rodriguez Date: created: Feb 03 2021
Can I use my deceased fathers VA loan
Answered By: George Allen Date: created: Feb 06 2021
Veterans can personally use the VA home loan if they meet the time-in-service eligibility requirements.
Spouses of deceased veterans who died on active duty or as a result of a service-connected disability, or spouses of veterans who are missing in action or prisoners of war, are also eligible..
Asked By: Alejandro Lee Date: created: Oct 07 2021
Who gets my VA disability when I die
Answered By: Leonars Green Date: created: Oct 07 2021
If you’re the surviving spouse, child, or parent of a service member who died in the line of duty, or the survivor of a Veteran who died from a service-related injury or illness, you may be able to get a tax-free monetary benefit called VA Dependency and Indemnity Compensation (VA DIC).
Asked By: Dylan King Date: created: Feb 09 2021
Will a VA loan cover a foreclosure
Answered By: Jayden Washington Date: created: Feb 09 2021
Fortunately for cash-conscious military buyers, VA loans can be used to purchase foreclosure or short sale properties if the property meets the VA home loan guidelines set by the Department of Veterans Affairs.
Asked By: Sean King Date: created: May 17 2022
Can a widow get a VA loan
Answered By: Louis Parker Date: created: May 20 2022
New law extends VA loan eligibility to more surviving spouses. Now a veteran’s death does not have to be duty-related for the widow to become eligible for VA home loan benefits. … Military widows can now be eligible if the veteran was rated totally disabled and eligible for compensation prior to death by any cause.
Asked By: Walter Johnson Date: created: Dec 10 2021
Can I use my VA loan to buy a house for my daughter
Answered By: Andrew Jenkins Date: created: Dec 13 2021
In short, the VA home loan benefit does not extend to the children of veterans and service members. … Dependents are permitted to live in the home purchased by the veteran in the borrower’s place, if certain conditions are met, and still be in compliance with VA loan occupancy requirements.
Asked By: Reginald Turner Date: created: Dec 01 2021
Does a surviving spouse get VA disability benefits
Answered By: Stanley Morris Date: created: Dec 01 2021
No, a veteran’s disability compensation payments are not continued for a surviving spouse after death. However, survivors may be entitled to a different type of benefit called Dependency and Indemnity Compensation.
Asked By: Stanley Bennett Date: created: Apr 21 2021
Does my spouse have to be on my VA loan
Answered By: Miles Barnes Date: created: Apr 22 2021
Only one spouse needs to be eligible for a VA loan in order to secure the full guaranty. In fact, it’s common for couples consisting of a service member or veteran and a person not in the military to use a VA loan to buy their home.
Asked By: Herbert Hughes Date: created: Feb 08 2021
Can the VA take away 100 permanent and total disability
Answered By: Thomas Hayes Date: created: Feb 11 2021
The VA does not simply issue a 100% disability rating and leave things there. Any disability that has a chance to improve may still disable the veteran at such a level as to warrant A 100% “total” rating. But if the VA does not declare you PERMANENTLY disabled, that 100% “total” rating is subject to review.
Asked By: Dylan Gray Date: created: Oct 29 2021
How long do VA disability payments last
Answered By: Austin Wood Date: created: Oct 30 2021
Most veterans of the United States Armed Forces who have a disability connected to their service are eligible for veterans disability benefits. Generally speaking, disability benefits are available to disabled veterans as long as the veteran remains disabled and until his or her death.
Asked By: Dylan Wilson Date: created: Jan 19 2022
What happens if I default on my VA loan
Answered By: Lawrence Howard Date: created: Jan 21 2022
VA Mortgage Defaults As with any other foreclosure, when your VA-guaranteed mortgage is foreclosed, your credit score suffers. … You can, however, regain full VA mortgage eligibility if you make good on the government’s loss from your mortgage default.
Asked By: Jacob Roberts Date: created: Jun 29 2021
Why are VA loans bad
Answered By: Carl Cooper Date: created: Jun 29 2021
VA loans cannot be used to purchase investment properties. The home you are buying must be a home you are planning on living in. If you’re buying a more expensive home. One drawback to the VA loan is that there is a cap on how much you can use the loan for.
Asked By: Christian Wilson Date: created: Feb 06 2022
Can you rent a house with a VA loan
Answered By: Alan Brooks Date: created: Feb 08 2022
Renting out your home financed with a VA loan is an option. … As a rule, VA loans are not used to purchase income property due to the owner-occupancy rule. But, once you’ve lived in the home, it is okay to vacate and rent out the home.
Asked By: Oswald Barnes Date: created: Jan 18 2022
Can you foreclose on a VA loan
Answered By: Ryan Davis Date: created: Jan 18 2022
If you have a VA-guaranteed loan, the foreclosure process is the same as for other types of loans—but the servicer has to give you every opportunity to avoid foreclosure. The VA imposed a foreclosure moratorium for VA-guaranteed loans, which lasts through December 31, 2020.
Asked By: Walter Barnes Date: created: Jan 26 2022
Do you have to pay the VA loan back
Answered By: Nathan Sanchez Date: created: Jan 26 2022
VA loans are available from local lenders Private banks, credit unions, and mortgage companies do that. The VA provides insurance to lenders. It’s officially called the VA guaranty. The VA assures the lender that it will be repaid if the Veteran can no longer make payments.
Asked By: Sebastian Walker Date: created: Feb 07 2021
Can you have 2 VA loans at once
Answered By: Eric Coleman Date: created: Feb 09 2021
The VA allows veterans to have two VA loans at the same time in some situations, and eligible veterans can qualify for a VA loan even if they’ve defaulted on one in previous years. … The time to act on your VA loan benefits again is now.
Asked By: Bryan Cox Date: created: Apr 10 2022
How much is the VA widows pension
Answered By: Jason Carter Date: created: Apr 11 2022
Survivors (Death) Pension with Aid and AttendanceSurvivors Pension — Maximum Annual Pension Rates (MAPR) 2019-20For a Surviving SpouseYearlyMonthlyMedical Deduction$603$50Housebound Without Dependents$11,273$939Housebound With One Dependent$14,116$1,1767 more rows
Asked By: David White Date: created: May 28 2021
How much does a 100 disabled veteran make
Answered By: Gilbert Sanders Date: created: May 29 2021
VA Compensation Rates: 70% – 100% Without ChildrenDependent Status70% Disability100% DisabilityVeteran Alone$1,426.17$3,106.04Veteran with Spouse Only$1,547.17$3,279.22Veteran with Spouse and One Parent$1,644.17$3,418.20Veteran with Spouse and Two Parents$1,741.17$3,557.183 more rows
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