VA Home Loan Benefits For Disabled Veterans

Borrowers with VA-recognized disabilities may be eligible for special consideration


Did you know qualifying borrowers with VA-recognized disabilities may be eligible for special consideration for VA insured mortgages? If you qualify and are looking for a VA home loan, it’s important to know the benefits and assistance available to you based on your VA-recognized disability status.


For example, disabled veterans who currently receive or are eligible to receive VA disability payments may be qualified for an exemption to the VA loan funding fee.



The VA Loan Funding Fee is waived for borrowers who are already on record as receiving VA disability benefits

The funding fee may be refundable to those who have their status officially recognized after the loan has closed. Borrowers must apply in writing for a VA loan funding fee refund–discuss your situation with your loan officer for more information on how to apply once your disabled veteran status is confirmed in writing by the Department of Veterans Affairs.


Some disabled veterans are also qualified to apply for VA grants

Some disabled veterans are also qualified to apply for VA grants designed to help a veteran purchase and/or modify a home to make it more accessible. Something called the VA 2101(a) Specially Adapted Housing Grant is one of these--it provides qualifying applicants up to 50 percent of the cost of a specially adapted house.


2101 Grants

The 2101(a) grant is intended to help purchase a home already adapted for disabled access or a typical home that will be renovated to make it more accessible for the disabled vet. Another program is the VA 2101(b) grant, which was created for disabled vets specifically to offset the costs of adapting a home, with one important feature. It does not require qualified borrowers to purchase or even own a home.

2101(b) grant money may be used to renovate a home owned by the veteran’s family where the disabled vet intends to live as his or her permanent residence. This grant would not require the borrower to purchase a home–again, it may be used for the renovations needed to make an existing house accessible to the veteran.


Temporary Residence Adaptation (TRA) Grant

Veterans exploring these options should also look into the Temporary Residence Adaptation (TRA) grant, created for vets eligible for the Specially Adapted Housing section 2101(a) (SAH) or the Special Home Adaptation section 2101(b) (SHA) grant.


Help disabled veterans pay for renovations to a family member’s property

This grant offers financial assistance to help disabled veterans pay for renovations to a family member’s property to meet the veteran’s or service member’s special needs. The wording of this grant implies that currently serving military members may be eligible for these funds if they are eligible under program guidelines. Qualifying veterans can receive up to $14,000 for a section 2101(a) SAH grant or up to $2,000 of the maximum amount for a section 2101(b) SHA grant.


VA grants of this nature often feature a list of qualifying disabilities--not all veterans or even all disabled military veterans are eligible for the grants--you may have to apply for eligibility for the program before you’re allowed to request the grant. VA loan benefits related to disabled veteran status are usually not available until the veteran’s disability has been officially recognized by the Department of Veterans Affairs.


Call Jon Sheehan - VA home loans and refinance for active duty and former military personnel

Call Jon Sheehan - VA home loans and refinance for active duty and former military personnel Call Jon Sheehan now for help securing your VA home loan. Cell: (951) 676-9640 Call Jon Sheehan now for help securing your VA home loan. Cell: (949) 584-5644 Call Jon Sheehan now for help securing your VA home loan. Cell: (949) 676-9640

 


Jon Sheehan of Southern California Funding- VA home loan specialist


Certified Military Housing Specialist - Jon Sheehan Southern Calilfornia Funding - VA and FHA loans




VA Home Loans and FHA Loan for Veterans, Retirees and Active Duty Military - Camp Pendleton Oceanside, Temecula, Murrieta, Wildomar, Menifee, Lake Elsinore, wine country, San Diego, Poway, Fallbrook, San Juan Capistrano, Escondido, Oceanside, Encinitas, Corona, Riverside, Riverside County, Hemet, Winchester, Twentynine Palms, and all Southern California. Serving Vets and active duty military personnel for over 20 years. Jon Sheehan - Southern California Funding.

VA Loan Specialist

Jon Sheehan is a Mortgage Broker specialized in helping veterans and military retirees across Southern California secure VA and FHA home loans. With over 25 years experience, his expertise in the area of VA and FHA home loans means you can close in as little as three weeks.... and there will be no unexpected surprises at the last minute.

 

Call Jon today to get the home loan you deserve!


FOLLOW ON:

Tell your freinds about Jon Sheehans legendary loan closing methods!




 



USMC logo - Jon Sheehan gets Marine Corps Vets and Active Duty military personnel VA home loans

Notice www.ZeroDownVetLoans.com is a privately owned and maintained web site by Jonathan Sheehan, who specializes in California Vet and VA financing and is not a government agency.

US Navy logo - Jon Sheehan helps Navy Vets and Active Duty military personnel get affordable VA loans in Southern California