VA Loan Benefits for Surviving Spouses

[fa icon="calendar"] Mar 27, 2019 9:15:00 AM / by Eustis Mortgage

Eustis Mortgage


VA mortgage loans have always had a multitude of advantages over other loan options for military personnel. Thankfully, surviving spouses who have lost a military-employed spouse can qualify to receive very similar benefits as military personnel does. 


Here is a list of the advantages of VA loans for surviving spouses:

  • As little as zero down on purchase loans up to $417,000
  • VA Streamline refinancing even if ineligible for full VA loan benefits
  • No monthly mortgage insurance premiums
  • No VA funding fee
  • Low interest rates that are nationally competitive
  • No penalties for early payoff or balance reduction
  • Up to 100% refinancing of appraised value


There are a few differences to what exactly surviving spouses have access to for this type of loan. Some of these differences include:

  • A spouse who obtained a joint VA mortgage with a veteran prior to the death, regardless of whether the death was duty related, may be eligible for a VA Streamline refinance (the surviving spouse need not be VA-eligible).
  • Qualified surviving spouses are exempt from the VA funding fee which is between .5 and 3.3%.


If the surviving spouse of military personnel has not remarried, they can access a VA loan by obtaining the following qualifications:

  • Had a spouse that served in the U.S. Army, Navy, National Guard, Coast Guard, Marine Corps., or Air Force. Reservists who served at least 6 years are also eligible.
  • Survived a spouse who was eligible for disability compensation at the time of death and was rated continuously totally disabled for the specified period of time.
    • 10 years prior to their death or 5 years from the date of their discharge
    • If your spouse was a POW, they would need to have been rated totally disabled for at least one year prior to their death.
  • Survived a spouse who died in service or due to a service-related injury. Survived a spouse that was MIA (missing in action) or a POW (prisoner of war) for at least 90 days.
    • Limited to one-time use of benefit.


VA mortgage loan refinances can also be used to access cash for:

  • Medical bills
  • Home improvements
  • Other high-interest debts that could possibly be consolidated.


For more information about VA loans for surviving spouses, contact us now! 


Topics: credit score, real estate investing, housing options, getting mortgage approved, today's interest rates, Eustis Family of Companies, mortgage stress, mortgage savings, mortgage calculator, retirement, obstacles to homeownership, mortgage credit availability, mortgage credit, closing costs, overcoming real estate fears, property taxes, home builder confidence, home value, homebuying tricks, natural disasters, mortgage mistakes, mortgage underwriting, transitioning into homeownership, home appraisal, housing affordability, mortgage information, VA loans, Active Military and Veterans, Loan Officer

Eustis Mortgage

Written by Eustis Mortgage

Subscribe to Email Updates

Lists by Topic

see all

Posts by Topic

see all

Recent Posts