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Key takeaways. VA loans are designed for military members, veterans and their spouses. Spouses can qualify for a VA mortgage by being an active service member, a veteran or by being a civilian co ...
The Veterans Benefits Administration (VBA) is an agency of the U.S. Department of Veterans Affairs.It is responsible for administering the department's programs that provide financial and other forms of assistance to veterans, their dependents, and survivors.
With a loan guaranteed by the U.S. Department of Veterans Affairs, veterans and some surviving spouses can buy a house without a down payment or private mortgage insurance. Interest rates are ...
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and ...
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The Department of Veterans Affairs (VA) automatically gives $100,000 to the next of kin of a service-member if he or she dies while on active duty. [5] If a service-member died of a disease, injury, or disability that was incurred or aggravated on duty or during training, then the surviving spouse and other dependents can apply for additional monetary benefits.
Here are some eligibility cases for spouses, according to the VA: a surviving spouse (who has not remarried) of a veteran who died in service or from a service-related disability; a spouse of a ...