VA home loans are guaranteed by the U.S. Department of Veterans Affairs (VA) and offered to veterans and certain surviving spouses. These loans have special terms, such as no down payment or mortgage insurance.
To get a VA home loan, you must be the surviving spouse of a veteran who died on active duty or due to a service-related disability. You must also be unmarried and not remarried.
VA Mortgage Overview
Surviving Spouse Eligibility
Check if you are eligible: To get a VA home loan, you must be the surviving spouse of a veteran who died on active duty or due to a service-related disability. You must also be unmarried and not remarried.
Surviving Spouse Documentation
You will need to provide proof of your spouse’s military service and the circumstances of their death.
Gather your documents: To apply for a VA home loan, you will need to provide proof of your income, assets, and credit history. You will also need to provide information about the home you want to buy, such as the purchase price, address, and details about the home.
Start Loan Process
Find a lender: VA home loans are offered by private lenders. You will need to find a lender that offers VA home loans and is willing to work with you. It is a good idea to compare offers from different lenders to find the best deal.
Complete the application process: Once you have found a lender and gathered all your documents, you will need to complete the application process. This usually involves filling out an application and providing the required documents to the lender. The lender will review your application and decide if you are approved for a VA home loan.
Close on the loan: If your VA home loan is approved, you will need to close on it. This means signing a mortgage agreement and paying closing costs and fees.
This is just a general overview of the process for getting a VA home loan as a surviving spouse. The specific steps and requirements may vary depending on the lender and the loan program.
Loan Officer, NMLS # 729612