Friday, September 25, 2015

VA Loans are Available for Surviving Spouses of Veterans and Spouses of Service Members who are Missing in Action or Prisoners of War.

If you are the surviving spouse of a veteran, or the spouses of Service Member who is Missing in Action or a Prisoner of War,you may be here are eligible for a VA loan. VA loans represent a really good program.
First let me say that if you are a surviving spouse, or if your spouse is a POW or MIA, I am very sorry for your loss. I cannot even imagine walking in your shoes.  However I might be able to shed some light on an opportunity for you to buy a home with VA financing.

VA financing is one of the few options available for no-money-down mortgage financing. Additionally qualifying ratios are more generous than for conventional financing. So if you would like to buy a home, or a different home, let’s look at eligibility.  I am going to provide a link straight through to the VA web page about eligibility and also outline the basics here.
Here’s a link to the VA’s info on eligibility. 
The spouse of a Veteran can apply for home loan eligibility under one of the following conditions:

  •  Unremarried spouse of a Veteran who died while in service or from a service connected disability, or
  •  Spouse of a Servicemember missing in action or a prisoner of war
  • Surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003 (Note: a surviving spouse who remarried before December 16, 2003, and on or after attaining age 57, must have applied no later than December 15, 2004, to establish home loan eligibility. VA must deny applications from surviving spouses who remarried before December 6, 2003 that are received after December 15, 2004.)
  •  Surviving Spouses of certain totally disabled veterans whose disability may not have been the cause of death.
If you have questions about your eligibility, you can talk with one of the representatives at the VA or you can talk to my terrific VA lender, Bill Anderson. Bill is a veteran himself and an experienced lender. His phone number is (916) 716-6100. You can tell him that you were referred by me if you would like.

Please also let me know if I can be helpful. I can help you find a home, or answer questions about your relocation goals. I am a certified Military Relocation Professional and have been a real estate broker in California for over 35 years.  My phone number is (916) 837-4500.

I hope this information is helpful. Thanks for reading my blog!