Veterans Housing Direct Loans for Certain Disabled Veterans
Program Funding
Annual program obligations reported to SAM.gov.
Program Objective
To provide veterans who are eligible for a Specially Adapted Housing grant with a loan directly from VA in instances where a loan is necessary to supplement the grant, and home loans from private lenders are not available in the area where the property involved is located.
Eligibility
Eligible Applicants
- Veteran (including dependents)
- Active-Duty Service Person (including dependents)
- Reservist (including dependents)
Veterans who served on active duty on or after September 16, 1940, and are eligible for a Specially Adapted Housing grant.
Beneficiaries
- Veteran (including dependents)
- Active-Duty Service Person (including dependents)
- Reservist (including dependents)
Permanently and totally disabled veterans rated eligible for Specially Adapted Housing (SAH) benefits. Additional information is available on the SAH factsheet https://www.va.gov/housing-assistance/disability-housing-grants/.
How to Apply
Award Procedure
The VA Regional Loan Center coordinates loan disbursement with payout of the related Specially Adapted Housing grant. Loan closing is conducted through a loan closing agent assigned by the VA Regional Loan Center.
From 20 to 60 days.
Program details & compliance
Description
To provide veterans who are eligible for a Specially Adapted Housing grant with a loan directly from VA in instances where a loan is necessary to supplement the grant, and home loans from private lenders are not available in the area where the property involved is located.
Mission Categories
Primary: Veterans Services
Other categories:
Homebuying, HomeownershipHome ImprovementDisabled Veterans Services
Use of Funds
Allowed Uses
VA may make loans up to $33,000 to eligible applicants if (a) the veteran is eligible for a VA Specially Adapted Housing grant, and (b) a loan is necessary to supplement the grant, and (c) home loans from a private lender are not available in the area where the property involved is located.