This is the final episode in my four part series about Eugene/Springfield VA Guaranteed Home Loan Frequently Asked Questions or FAQs. I hope you have found something valuable in the series and it helps you in your home mortgage search. A VA Guaranteed Mortgage Loan is not the perfect loan for everyone, but it is a great loan for many veterans that don’t have a down payment or have a limited down payment. This is part 4 of the series:

Q: Is the surviving spouse of a deceased veteran eligible for the home loan benefit?
A: The unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit. If you wish to make application for the home loan benefit as a surviving spouse, contact our Winston-Salem Eligibility Center. In addition, a surviving spouse who obtained a VA home loan with the veteran prior to his or her death (regardless of the cause of death), may obtain a VA guaranteed interest rate reduction refinance loan. For more information, contact our Winston-Salem Eligibility Center.
[NOTE: Also, 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 apply 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.]

Q: Are the children of a living or deceased veteran eligible for the home loan benefit?
A: No, the children of an eligible veteran are not eligible for the home loan benefit.

If you have questions about an VA Guaranteed Home Loan, please contact me, your Eugene Loan Guy. I am a Vietnam era veteran and have a VA loan myself. I would be happy to help you in your loan needs. Even if we can’t get you qualified today, I will spend the time with you getting things straightened out so you can qualify in the future. I am a Senior Mortgage Advisor with Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. You can reach me at 541-342-7576/541-221-3455 cell or by e-mail.

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