| ELIGIBILITY REQUIREMENTS |
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· Functional Categories |
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Facilities and Equipment
Homebuying, Homeownership
Home Improvement |
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· Applicants |
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Individual/Family
Specialized Group (Health Professional, Student, Veteran) |
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· Applicant Eligibility |
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(a) Veterans who served on active duty on or after September 16, 1940, and were discharged or released under conditions other than dishonorable. Veterans who served any time during World War II, the Korean Conflict, the Vietnam-era, or the Persian Gulf War must have served on active duty 90 days or more; veterans with peacetime service only must have served a minimum of 181 days continuous active duty. All veterans separated from enlisted service which began after September 7, 1980, or service as an officer which began after October 16, 1981, must also have served at least 24 months of continuous active duty or the full period for which the person was called or ordered to active duty. Veterans of such recent service may qualify with less service time if they have a compensable service-connected disability or were discharged after at least 181 days (90 days during Persian Gulf War), under the authority of 10 U.S.C. 1171 or 1173; or (b) any veteran in the above classes with less service but discharged with a service-connected disability; (c) individuals may also be eligible if they were released from active duty due to an involuntary reduction in force, certain medical conditions, or in some instances, for the convenience of the Government; (d) unmarried surviving spouses of otherwise eligible veterans who died in service or whose deaths were attributable to service-connected disabilities Note: A surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003, may be eligible for the home loan benefit. However, 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 16, 2003 that are received after December 15, 2004; (e) service personnel who have served at least 181 days on continuous active duty status (90 days until the ending date for the Persian Gulf War has been set); (f) spouses of members of the Armed Forces serving on active duty, who are listed as missing in action, or as prisoners of war and who have been so listed 90 days or more; (g) members of the Selected Reserve who are not otherwise eligible for home loan benefits and who have completed a total of six (6) years in the Selected Reserves, followed by an honorable discharge, placement on the retired list, or continued service. Individuals who completed less than 6 years may be eligible if discharged for a service connected disability. Applicants must have sufficient present and prospective income to meet loan repayment terms and have a satisfactory credit record. |
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· Beneficiaries |
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Veteran/Service person/Reservist (including dependents)
Handicapped (e.g. Deaf, Blind, Crippled)
Physically Afflicted (e.g. TB, Arthritis, Heart Disease) |
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· Beneficiary Eligibility |
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Veterans, service personnel, unmarried surviving spouses of veterans. |
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· Credentials/Documentation |
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Evidence of the veteran's entitlement for loan benefits and qualification for the loan purpose, documentation on the loan transaction and characteristics of the property proposed to secure the loan. |
See AidPage for more information on:
Veterans Housing_Guaranteed and Insured Loans
Federal Money Retriever® GrantGate®
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