Did you know that as a differently abled veteran, you are eligible for special considerations and benefits while applying for VA loans? These special benefits, on VA loans for differently abled veterans, can save you a lot of more money. Let us enlighten you about these, so you can utilize VA home loans up to their full potential.
The Funding Fee Is Waived Off: If you are currently receiving disability benefits and haven’t closed on your home loan yet, you don’t have to pay your funding fee as it gets waived off. However, if you have closed on your VA loan before receiving disability benefits, then also there is no need to worry as you get a refund for the funding fee.
Grants for Specially Adapted Housing: Apart from getting the funding fee waived off and getting the home loan with 100% finance, a disabled veteran can also get the Specially Adapted Housing Grant (SAH) and the Special Housing Adaptation Grant (SHA) to install necessary accessibility modifications in his/her home.
Tax Credits and Exemptions: After using your veteran loans’ benefits to buy a house, you also become eligible for some extremely useful tax credits and exemptions. The Disabled Veterans Property Tax Exemption can substantially reduce the amount that you pay in taxes. But, the amount varies by state, so check with your local VA office to know more about your state-specific benefit. Or you can also call All Western Mortgage on 702-850-2790 for this information.
For more info about the benefits of VA loans, feel free to call All Western Mortgage on 702-850-2790 or visit http://www.awmlending.com/loans-VA.php
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