Now let’s talk about civilians who can use the VA loan program. Let’s start with military spouses that have survived the veteran. Surviving spouses can use the program under one of the following circumstances:
• Un-remarried spouse of a veteran who died while in service or from a service-connected disability
• Spouse of a servicemember missing in action or held as a prisoner of war
• Surviving spouse receiving Dependency and Indemnity Compensation (DIC) benefits in cases where the veteran’s death was not service connected
• Surviving spouse who remarried after the age of 57 and on December 16th, 2003 or later.
Now lets dive into the list of other civilians who can be eligible for VA loan financing. The list is as follows:
• Members of the Public Health Service
• Cadets at any of the military service academies
• Merchant Seaman (additional stipulations may apply)
• National Oceanic and Atmospheric Administration
If it sounds like you’re someone who may be eligible for a VA loan you may be asking, what are maximum loan amounts for a VA loan. So be sure to watch my video “what is the maximum loan amount for VA” where I’ll be breaking that down in detail.
