Question by Kjersti G: “VA Home Loans” for Children of Vets?
I am curious about VA Home Loans,I’ve been trying to get loans and it isn’t going too well. And is just a big hassle!
I am trying to get everything together for buying a house soon,and some people told me about “VA Home Loans”. I’m a child of a Vietnam Vet,and a few people have told me that I am eligible for a loan. But others say it’s only the Vets themselves and -some- spouses. I just cant get a straight answer.
Does anyone out there KNOW the straight deal or have any idea??
Thanks.
Best answer:
Answer by Days
The VA Home loan requirements make the loan one of the easiest loans to qualify for in the United States. The primary stipulation for qualifying for the VA loan is that you must have served in the US forces for a full time period of four years. This is the standard tour of duty for some people, so it follows that if you served in the army, you pretty much qualify.
http://www.worldbestloans.com/
One of the major VA loan benefits is that it’s possible to get a home with no money down using a VA Home loan. In the current economic housing market, this is practically one of the only loans now that will afford a person the opportunity to get a no money down home.
Know better? Leave your own answer in the comments!
From the VA web site:
“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.”
It’s only vets themselves, and their unmarried widows/widowers (with lots of other conditions).
Sorry.