Veterans Housing Guaranteed and Insured Loans

Objective

To assist veterans, certain service personnel, and certain unmarried surviving spouses of veterans, in obtaining credit for the purchase, construction or improvement of homes on more liberal terms than are generally available to non-veterans.

Who Can Apply

• Veteran (including dependents)
• Active-Duty Service Person (including dependents
• Reservist (including dependents)

(a) Veterans who served on active duty on or after September 16, 1940, and were discharged or released under conditions other than dishonorable. Veterans who served any time during World War II, the Korean Conflict, the Vietnam-era, or the Persian Gulf War (ending date for the Persian Gulf War has not been set) must have served on active duty 90 days or more; veterans with peacetime service must have served a minimum of 181 days continuous active duty. All veterans separated from enlisted service which began after September 7, 1980, or service as an officer which began after October 16, 1981, must also have served at least 24 months of continuous active duty or the full period for which the person was called or ordered to active duty. Veterans of such recent service may qualify with less service time if they have a compensable service-connected disability or were discharged after at least 181 days (90 days during Persian Gulf War), under the authority of 10 U.S.C. 1171 or 1173; or (b) any veteran in the above classes with less service but discharged with a service-connected disability; (c) individuals may also be eligible if they were released from active duty due to an involuntary reduction in force, certain medical conditions, or in some instances, for the convenience of the Government; (d) unmarried surviving spouses of otherwise eligible veterans who died in service or whose deaths were attributable to service-connected disabilities Note: A surviving spouse who remarries on or after attaining age 57, may be eligible for the home loan benefit; (e)spouses of members of the Armed Forces serving on active duty, who are listed as missing in action, or as prisoners of war and who have been so listed 90 days or more; (f) individuals who performed full-time National Guard duty (as defined in section 101 of title 10) for a period of not less than 90 cumulative days, including a period of at least 30 consecutive days; (g) members of the Selected Reserve who are not otherwise eligible for home loan benefits and who have completed a total of six (6) years in the Selected Reserves, followed by an honorable discharge, placement on the retired list, or continued service. Individuals who completed less than 6 years may be eligible if discharged for a service-connected disability. Applicants must have sufficient present and prospective income to meet loan repayment terms and have a satisfactory credit record.

Who Benefits

• Veteran (including dependents)
• Active-Duty Service Person (including dependents
• Reservist (including dependents)

Veterans, service personnel, and certain unmarried surviving spouses of veterans.

Assistance Types

• Loan Guarantee

Program Contact

lgy.vbaco@va.gov
877-827-3702