Tags

, , , , ,

va certificate of eligibility

Join me on Google+

For some veterans, coming home can be overwhelming as servicemen try to sort out issues like housing. Some servicemen find themselves disabled after duty and in need of a home that is adapted for their conditions. Fortunately, Veterans Affairs has several options beyond a VA home loan designed to help out servicemen once they return home.

The Home Improvements and Structural Alterations program with Veterans Affairs offers eligible veterans to receive a grant to change their home to suit their disability needs. For some, this could mean adding entrance and exit ramps, handrails, improving access to kitchen and bathroom counters, lowering electrical switches and outlets, improving plumbing and access to the lavatory and improving pathways and driveways. For disabled veterans, this grant can be extremely helpful in adapting their home in order to treat their conditions and improve access throughout their home.

Recently, the VA raised the grant amount for both service- and non-service-connected veterans. For service-connected veterans, the grant amount can be up to $6,800 for home alterations and veterans with a non-service-connected condition have a grant allowance of up to $2,000. Veterans are responsible for paying any costs that exceed the grant amounts and some might want to consider using an FHA 203K or USDA zero down mortgage loan to purchase their home and use this program to do some improvements with the grant and help build equity. Remember grants don’t have to be paid back! It’s all about thinking outside when assisting veterans, so be sure to bookmark this post just in case you meet a soldier who’s made an incredible sacrifice for you and return the favor with a little knowledge.

The HISA grants will not pay for walkways to outdoor buildings, spa, hot tubs or jacuzzis, widening of driveways and exterior decking, but an FHA 203K or USDA Zero Down Home Loan could.

Veterans are considered eligible for the grant when home alterations are deemed medically necessary or appropriate. Pre-authorization is required before any changes begin on the home. In order to get approved, veterans must submit a statement from their doctor, a letter documenting their physical disability and description of the planned work that is requested, as well as a drawing of the planned work, a completed application, an itemized cost list and documentation from a licensed contractor, all of which is already completed with doing an of the home improvement loans we discuss in our blog.

Demand is booming. There are now an estimated 22 million veterans and many of them with eligibility for VA loan benefits. In an era that has been plagued with extremely tight credit and underwriting in most segments of the marketplace the VA program and this grant program looks like an extended hand for creditworthy veteran, who don’t have large amounts of money to put down or transitioning into regular employment.

Livingston-Homes-for-Sale

Homes for Sale REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Non-Warrantable FNMA FHLMC FHA VA USDA Approved Condominiums Co-Ops Town Homes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Home Builders Custom Built Homes Luxury Homes Real Estate Brokers & Agents Down Payment Assistance

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision making process. This simple home inspection tool makes your ultimate buying decision a smart one. To print this document click on “Open in New Window” located at the lower right corner; click on “File”; then click on “Print”. In the center of the screen you will have the option  to “Create A Printable PDF of the Presentation”.