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>> Locate Federal Benefits >> U.S. Department of Veterans Affairs

WHAT IS IT: BENEFITS REPORT

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Additional information on Federal benefits may be found through:

bullet U.S. Department of Veterans Affairs
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Details appear below for each of the benefit programs you selected to be included in this Benefits Report. Based on the information you provided, it appears that you may be eligible to participate in or receive benefits from these programs (GovBenefits.gov cannot guarantee your eligibility).

IMPORTANT: This information will be lost once you leave the GovBenefits.gov website.

You may wish to print this report for future reference. Created on Oct. 18, 2004

Program name Am I eligible?
Active Duty or Veteran Cash Out Refinance (Regular Refinance) Am I eligible?

Eligibility criteria
In order to qualify for this benefit program, you must have been in military service, your family member must have passed away after September 7, 1980 and you must have either completed 24+ continuous months of active duty service, or your discharge status must not have been dishonorable.

Description
VA loan guaranties are made to service members, veterans, reservists and unmarried surviving spouses for the refinancing of conventional, government or VA loans. VA guarantees part of the total loan, permitting the purchaser to obtain a mortgage with a competitive interest rate, even without a down payment if the lender agrees. VA requires that a down payment be made for the purchase of a manufactured home. VA also requires a down payment for a home or condominium if the purchase price exceeds the reasonable value of the property or the loan has a graduated payment feature.

Managing organization
U.S. Department of Veterans Affairs http://www.va.gov/

Program contact information & web resources
For more information about this program, please visit:
http://www.homeloans.va.gov/RLCWEB.htm

  
 
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