Surviving Spouse VA Loan Guidelines
When a service man or woman dies, family members are not necessarily left out of the possibility of enjoying the benefits of VA loans. The government will extend eligibility for VA home loans to surviving spouses provided certain conditions are met. Taking advantage of this opportunity can enable surviving spouses to enjoy the traditionally low VA loan rates, along with a number of other advantages.
At MyVaRefinance.net, we can help families work through the application process to obtain low VA mortgage rates. We are a business that specializes in VA refinance options and new VA loans. For more than a decade, we’ve been helping families just like yours gain the benefits only VA loans can provide.
Guidelines For Surviving Spouses
Spouses may be eligible for VA home loans on their own if they meet certain qualifications such as:
Marital status – Surviving spouses must be the widow or widower of a veteran who died while in service to the country or from a service-related disability. The surviving spouse must remain un-remarried.
Missing spouse status – The spouse of a service person who is listed as missing in action or who is a prisoner of war may be eligible for a VA loan.
Exceptions – In some cases, the VA may afford loan eligibility to a surviving spouse providing they do not remarry until age 57.
Why VA Loans Make Sense
Surviving spouses are likely to discover that VA home loans provide them the best possible terms on the market. If a spouse qualifies for this type of loan, he or she will find they offer:
Easy qualifications – While VA home loans do call for a standard application process like all other loans, the requirements tend to be more lenient.
No down payment – Unlike many other loans available, VA loans do not demand a down payment. This can be especially beneficial for families facing the loss of a spouse. Traditional lenders tend to require as much as 20 percent down to secure a loan. VA backed loans do not have this requirement.
Lower monthly payments – Since VA loans do not require PMI coverage, the overall monthly payment can be less than borrowers might pay going through other sources. This can open the door to homeownership to families that might not otherwise be able to afford a home.
Lower interest rates – VA loan rates are traditionally among the lowest available. This can also reduce the amount of monthly payments and make it easier for families to afford mortgages.
Families of deceased service personnel have also sacrificed greatly on behalf of the United States of America. The VA recognizes this fact and extends loan eligibility to surviving spouses. To find out more about the advantages of VA loans, please take time to read the information available on our website.
If you would like to learn more about the possibilities VA home loans provide, just fill out our 30-second request form. We will be more than happy to help you through the loan process. At MyVaRefinance.net, we are honored to serve our country’s heroes and their families with loans and VA refinance options.
At MyVaRefinance.net, we can help families work through the application process to obtain low VA mortgage rates. We are a business that specializes in VA refinance options and new VA loans. For more than a decade, we’ve been helping families just like yours gain the benefits only VA loans can provide.
Guidelines For Surviving Spouses
Spouses may be eligible for VA home loans on their own if they meet certain qualifications such as:
Marital status – Surviving spouses must be the widow or widower of a veteran who died while in service to the country or from a service-related disability. The surviving spouse must remain un-remarried.
Missing spouse status – The spouse of a service person who is listed as missing in action or who is a prisoner of war may be eligible for a VA loan.
Exceptions – In some cases, the VA may afford loan eligibility to a surviving spouse providing they do not remarry until age 57.
Why VA Loans Make Sense
Surviving spouses are likely to discover that VA home loans provide them the best possible terms on the market. If a spouse qualifies for this type of loan, he or she will find they offer:
Easy qualifications – While VA home loans do call for a standard application process like all other loans, the requirements tend to be more lenient.
No down payment – Unlike many other loans available, VA loans do not demand a down payment. This can be especially beneficial for families facing the loss of a spouse. Traditional lenders tend to require as much as 20 percent down to secure a loan. VA backed loans do not have this requirement.
Lower monthly payments – Since VA loans do not require PMI coverage, the overall monthly payment can be less than borrowers might pay going through other sources. This can open the door to homeownership to families that might not otherwise be able to afford a home.
Lower interest rates – VA loan rates are traditionally among the lowest available. This can also reduce the amount of monthly payments and make it easier for families to afford mortgages.
Families of deceased service personnel have also sacrificed greatly on behalf of the United States of America. The VA recognizes this fact and extends loan eligibility to surviving spouses. To find out more about the advantages of VA loans, please take time to read the information available on our website.
If you would like to learn more about the possibilities VA home loans provide, just fill out our 30-second request form. We will be more than happy to help you through the loan process. At MyVaRefinance.net, we are honored to serve our country’s heroes and their families with loans and VA refinance options.
Privacy Notice - About Us - Testimonials - VA Streamline Refinance - VA Loan Faq - Advantages Of VA Loan -
Get A Quote - Faq About Eligibility - Blog - VA Funding Fees - Post Loan Faq - Legal Information
Get A Quote - Faq About Eligibility - Blog - VA Funding Fees - Post Loan Faq - Legal Information
© Copyright 2001-2017 MyVARefinance.net is NOT affiliated with the VA or any government agencies.
