In that vein, we commonly get asked, “If my father was a Veteran, can I get a VA loan?” Or, “Do you have to be a Veteran to get a VA loan?” The short answer is, you can’t get a VA loan as a non-Veteran. You must serve or previously served in the U.S. Military and meet the VA’s length of service requirements.
in fact, Can a child of a Vietnam Veteran get benefits?
In addition to monthly tax-free disability compensation benefits, biological children of a Veteran who served in Vietnam, Thailand, or the Korean DMZ during these qualifying time periods are also eligible for certain VA-covered healthcare benefits, and for “vocational rehabilitation” paid for by the VA, providing …
for instance, Why are VA loans bad?
Yikes! The lower interest rates on VA loans are deceptive. … Both will end up costing you much more in interest over the life of the loan than their 15-year counterparts. Plus, you’re more likely to get a lower interest rate on a 15-year fixed-rate conventional loan than on a 15-year VA loan.
indeed What is the minimum credit score for a VA loan? There is no minimum credit score requirement. Instead, VA requires a lender to review the entire loan profile.
Can my son use my VA loan?
Can a Child of a Veteran Get a VA Loan? No. The children of veterans, deceased veterans and service members are not eligible for VA loans. In addition, preexisting VA loans may not be transferred to the children of veterans, deceased veterans or service members.
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What is the average compensation for Agent Orange?
During its operation, the Settlement Fund distributed a total of $197 million in cash payments to members of the class in the United States. Of the 105,000 claims received by the Payment Program, approximately 52,000 Vietnam Veterans or their survivors received cash payments which averaged about $3,800 each.
What birth defects are linked to Agent Orange?
Associations between Agent Orange and other dioxin-contaminated herbicides and structural birth defects like spina bifida, oral clefts, heart defects and hypospadias may be just the “tip of the iceberg”.
Can my son use my VA benefits?
You can add a dependent if:
Your child is between 18 and 23 years old and enrolled in school full time. We determine that your child, who is at least 18 years old, became permanently disabled before turning 18.
Why do sellers hate FHA loans?
Both reasons have to do with the strict guidelines imposed because FHA loans are government-insured loans. … The other major reason sellers don’t like FHA loans is that the guidelines require appraisers to look for certain defects that could pose habitability concerns or health, safety, or security risks.
How much are closing costs on a VA loan?
How Much Are VA Loan Closing Costs? The exact amount that you’ll pay in VA loan closing costs will vary based on the home you choose and the details of your loan. However, you should expect to find closing costs between 3% – to 5% of the total value of the loan.
What will fail a VA appraisal?
What Will Fail a VA Appraisal? In general, any visible health or safety concerns will pose an issue on a VA appraisal report. You won’t be able to close on a home until these issues are resolved. In some cases, sellers are willing to cover the cost of essential repairs rather than lose the sale.
What credit score does the VA use?
The lender will use the middle score and throw out the lowest and highest. The VA doesn’t set a minimum credit score, but VA home loan lenders do. Most VA lenders require as part of the VA loan approval process a minimum 640 credit score but still others have a 620 rule.
How can I raise my credit score overnight?
How to boost your credit score overnight:
- Dispute all negatives on your credit report.
- Dispute all excess hard inquiries on your credit report.
- Pay down your revolving balances (0 is best, 30% is decent)
- Pay your bills on time.
- Have family add you to their cards as an authorized user.
Can I use my VA disability to buy a home?
Veterans receiving compensation for a service-connected disability are exempt from paying the VA Funding Fee, which is otherwise applied to all purchase and refinance loans. … Borrowers without an exemption can ask the seller to pay this or pay it themselves, either upfront or over time by rolling it into the mortgage.
Can I put my girlfriend on my VA loan?
girlfriend, boyfriend, significant other) who is not his or her spouse in obtaining a VA loan? Yes, but the guaranty is based only on the veteran’s portion of the loan. … Unlike other loans, the lender must submit joint loans to VA for approval before they are made. Both incomes can be used to qualify for the loan.
Can you only get a VA loan once?
Your VA home loan benefits are a lifetime benefit. Eligible service members and veterans can seek to have their full entitlement restored once the original loan is repaid in full or use their remaining entitlement to rent out their first home and purchase again with no down payment.
What happens to a VA loan if the borrower dies?
According to the VA official site, the surviving spouse, where applicable, would assume the debt. … In cases where the borrower dies but has no co-borrower or surviving spouse, the veteran’s estate would be responsible for the VA guaranteed mortgage.
Can Agent Orange be passed to child?
Both male and female Vietnam veterans who faced Agent Orange exposure can pass spina bifida along to their children years after their military service ended.
Can you sue for Agent Orange?
You cannot file a VA disability claim for Agent Orange exposure itself, because the fact that you were exposed to this dangerous herbicide does not make you eligible for compensation. Instead, you must suffer from a medical condition associated with Agent Orange exposure.
How many have died from Agent Orange?
Legacy of Agent Orange in Vietnam
In addition to the massive environmental devastation of the U.S. defoliation program in Vietnam, that nation has reported that some 400,000 people were killed or maimed as a result of exposure to herbicides like Agent Orange.
Is Agent Orange illegal?
After its use in the 1960s, Agent Orange was banned by the U.S. in 1971 and remaining stocks were taken from Vietnam and the U.S. to Johnston Atoll, a U.S. controlled island about 700 miles SE of Hawaii, where it was destroyed in 1978. There is no ‘Agent Orange’ in Vietnam or anywhere else today.
Is Agent Orange still causing birth defects in Vietnam?
Millions of Vietnamese are living with the effects of Agent Orange and more are being born with defects linked to the herbicide. Many living in poor villages do not receive the health care and rehabilitation they need, simply because they cannot afford to seek treatment.
Will the VA pay my wife to be my caregiver?
Spouses, unfortunately, cannot be paid to provide care, as their income is also considered when calculating a veteran’s pension amount. However, other relatives, such as adult children, nieces and nephews, and grandchildren, can be paid to be caregivers.
How much does a 100 disabled veteran get monthly?
As of December 2018, 100% VA disability is $3,057.13 per month. The U.S. Department of Veterans Affairs (VA) adjusts this amount each year, typically raising it to account for increases in the cost of living.
Can I claim my mother in law on my VA disability?
First, a parent can qualify as a dependent parent of military personnel when the veteran qualifies for VA disability pay. The veteran must meet the eligibility requirement for at least a 30% VA disability rating to add a dependent parent or any other type of dependent to their compensation.
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