If you are a new mother who has tragically lost her husband on military duty, you have the right to apply for a VA loan. This is a very hard time for you and your family, but you mustn’t despair. You must be strong for your children and do everything you can to ensure all their needs are fulfilled while they grow up. By obtaining a VA loan, you can get a home loan guarantee that enables you to buy, renovate, build or repair a house. In order to apply for this mortgage program, you must be a military service member, a veteran or a surviving spouse of a military servant. In this article, we’ll explain how you can get VA loan support, how to apply for it, and what are your VA lending options and home loan benefits as a surviving military spouse.
What is a Surviving Military Spouse?
To get a surviving military spouse classification from the VA, your husband must be either a survivor or a military service member that died while on active duty or as a direct result of military service. You are also eligible for VA mortgage support if your husband is missing in action or has become a war prisoner.
If you think you have met the criteria to opt for the loan, you need to apply for a VA certificate of eligibility. The most important documents you must bring with you are a copy of the Veteran’s DD Form 214, a copy of your marriage certificate and a copy of the Veteran’s death certificate. The service member’s SSN is required on all documents and if your husband is a veteran who died on active duty, you will need a copy of the DD Form 1300 R.O.C. also known as the report of casualty.
Using VA Benefits to Purchase a Home
If you plan to use these benefits to buy a house, you should know that you will have to wait at least two to three months for the VA to review and determine if the death of your husband was service-connected. VA mortgage programs allow 100% financing, making them a great for veterans and their families to use. The current laws allow the surviving spouses of veterans with disabilities, whose deaths were not directly related to their service-connected disabilities to obtain a VA mortgage. Also, the surviving spouses of veterans who passed away due to non-service-related causes, but did suffer from service-related permanent disabilities can receive VA support in the form of monthly compensation checks under the surviving spouse benefits. However, they cannot use the VA home loan portion of the benefits.
Finding a Reliable Lending Company
Finding a trustworthy lending agency is not easy these days. Strive Lending offers VA loans will guide you through the entire process and help you find the best VA mortgage option for your current situation. Their expert staff understands the needs of their borrowers, especially when it comes to delicate clients such as new mothers and surviving military spouses. They will work hard to make this process easier for you. Also, they will do their best to ensure you have a pleasant experience through the entire process of getting the VA support and home loan. Please see more about this lending company by visiting their website.