A valuable homebuying benefit may be available to help you take the next step toward homeownership.
When we think about VA home loans, we often think about the benefits available to active-duty military members and Veterans. But there's another group of people who may qualify for these valuable benefits: surviving spouses of Veterans.
If you've lost a spouse who served our country, you may be eligible for a VA home loan benefit that could make purchasing a home more affordable than you realize.
Unfortunately, many surviving spouses simply don't know this opportunity exists.
Who May Qualify?
You may be eligible for a VA home loan if you're an unremarried surviving spouse of a Veteran who:
Passed away while serving on active duty.
Passed away as a result of a service-connected disability.
Certain other surviving spouses may also qualify, depending on their circumstances. And while remarriage can affect eligibility, there are exceptions.
The key is understanding your individual situation and determining whether you qualify.
What Makes a VA Home Loan So Valuable?
For eligible surviving spouses, VA home loans offer some tremendous advantages, including:
No down payment required: Qualified borrowers may be able to purchase a home with 100% financing.
No monthly mortgage insurance: Unlike many conventional and FHA loans, VA loans don't require monthly mortgage insurance.
Competitive interest rates: VA loans often offer attractive financing options.
Potential VA funding fee exemption: Surviving spouses receiving VA Dependency and Indemnity Compensation (DIC) are generally exempt from the VA funding fee, which can save thousands of dollars in upfront financing costs.
These benefits can make a meaningful difference when purchasing a home, particularly for someone navigating a new chapter in life.
You Don't Have to Figure This Out Alone
One of the most common questions I hear is, "How do I know if I qualify?"
That's where I can help.
The first step is determining your eligibility and obtaining a VA Certificate of Eligibility (COE). From there, we'll review your financial situation, discuss your homeownership goals, and explore the financing options available to you.
Like any mortgage, VA loans have credit, income, occupancy, and lender qualification requirements. But you don't have to know all the answers before reaching out.
That's my job — to help you understand your options and guide you through the process.
Let's Find Out if This Benefit Is Available to You
If you're the surviving spouse of a Veteran and have been thinking about buying a home, I encourage you to reach out.
Even if you're unsure whether you qualify, it's worth having a conversation. You may have access to a valuable home loan benefit you didn't realize was available.
My team and I at NOVA Home Loans would be honored to help you explore your eligibility, answer your questions, and guide you through the steps toward homeownership.
Contact us today. Let's find out what benefits may be available to you and how we can help you get started.
Contact Mike Engelking & Team | NOVA Home Loans
Phone: 480-500-3070 Email: EngelkingTeam@NovaHomeLoans.com Website: MikeEngelking.com Mike Engelking | NMLS #163280
Because those who have sacrificed so much for our country — and the families they've left behind — deserve to know about the benefits available to them.
VA loan eligibility and approval are subject to applicable VA guidelines, Certificate of Eligibility, credit, income, occupancy, and lender requirements. Not all applicants will qualify. No-down-payment financing is subject to eligibility and property requirements.
Learn more: U.S. Department of Veterans Affairs — VA Home Loans for Surviving Spouses
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