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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 ...
How does retirement income impact mortgage eligibility? Most lenders won't approve you for a mortgage if the payment is more than 31% of your projected gross income.
FHA, VA or USDA loan: These government-insured loans might be easier to qualify for than a conventional mortgage. You can only get a VA loan if you or your spouse has served in the military ...
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 ...
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 ...
A reserve component military member having completed 20 qualifying years for retirement; Served at least 90 days of active duty days unless discharged sooner due to service-connected disability and not discharged dishonorably; A surviving spouse of a Veteran listed as missing in action or whose death was service-connected
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