Veterans Advantage found in:

(1) Advantages to the VA Guaranteed Loan

If you are looking to buy a home with no funds down, you are in luck when you qualify. VA mortgage loans can be guaranteed with no funds down in some cases up to over $350 thousand dollars. An added bonus? No private mortgage insurance requirement with a VA guaranteed loan. The VA even offers help for those looking to refinance.

Don’t investigate these benefits without asking for information about the interest rate reduction loan, part of something called the Streamline Refinancing Program, which allows veterans to refinance at little or no expense to them. Your lender and local VA rep can give you all the details you’ll need to take full advantage of your VA home loan benefits.

MORE INFO HERE: VA LOAN

(2) Veterans Advantage to World War II Veterans

You may have just been qualified for what is termed as Special Veterans Benefits from Social Security.Public Law 106-169, enacted on December 14, 1999, provides special benefits to certain World War II veterans.

The booklet found here explains what changes you must report so that we can make sure you receive all the payments you are entitled to receive. The information in Changes that must be reported and How to report changes tells you what changes you need to report and how to report those changes. Read about more SSA Veterans Advantages here…

(3) Veterans Advantage to being Hired!

Each year, hundreds of thousands of veterans return from deployments & start to search for work in the civilian workplace. In the event you are a veteran on the lookout for your next job, you have the veteran advantage of plenty of employers. Below are qualities that employers value in veterans, so show these off to potential employers for your best chance of getting hired.

Employers really like to hire veterans:

Strong work ethic, dependability, discipline define you. Service folk need to depend on one another to survive and recognize their success depends on their teammates. Individuals who have served in the military have been trained to work diligently for long hours in non-traditional environments.

Professional and technical training. Veterans go through a giant amount of training in every scope of work, and in expertise. Employers can trust that veterans are trained well to work successfully within their organization.

Government paid relocation services. When hiring a military person coming off active duty from another location, that veteran’s relocation may be paid, sometimes fully, by the federal government.

Background check and security clearances. Most of the military goes through extensive background checks and have been cleared for positive security levels. Companies know that the veterans they hire can be trusted.

Tax credits for employers. Tax credits are obtainable to plenty of employers who hire veterans, and can save companies thousands of dollars.

Veteran Friendly Companies: HERE

Veterans Advantage GI Bill

The Veterans Advantage or the GI Bill provides that both the veterans and active soldiers can avail educational benefits in participating educational institutions including online schools. There are two versions of the GI Bill and the recipients are allowed to decide which version will provide for their particular needs and eligibility.

The U.S. Department of Veterans Affairs has two main functions as mandated by the GI Bill to wit:

a) Provides for the different remuneration for those who served in the country’s armed forces, and

b) Administers the post-9/11 GI Bill for veterans’ educational program.

Those who suffered disability while in the active service and those who are assigned in a foreign land with conflict who suffered disability therein will receive additional compensations.

Veterans Advantage? Education paid for!

Disability Benefits

The Veterans Advantage provides for the disability compensation programs for honorably discharged veterans with service-related disabilities.

Monthly payments will depend on to the nature of the disability. Seriously disabled veterans, including loss of limb receive additional compensations. Disabled veterans with dependent spouse children, parents or with a seriously disabled wife or husband receive higher.

The Veterans Pension Benefits Program

Low-income veterans of wartime over the age of 65 and those under 65 but is suffering from are eligible for The Veterans Pension Benefits Program.

The following low–income veterans are qualified for the Aid and Attendance and Housebound Benefits program, to wit:

1. Severely disabled veterans;
2. Those in the nursing homes;
3. Blind;
4. Unable to perform personal daily functions; and
5. Those confined by the disability to the home setting.

Educational Benefits of Post 9/11

The Veterans are provided for tuition, other fees, including board and lodging covered by the Bill.

The GI Bill covers undergraduate courses, graduate courses, technical or vocational courses.

There are certain schools that participate in the “Yellow Ribbon Program”, which provides that additional educational funds will be given for veterans enrolled in courses of study that exceeds the highest in-state tuition.

Other Educational Programs for Veterans and dependents

The Veterans Affairs administers other educational programs, including the Survivors and Dependents Assistance Program for the education of the following beneficiaries to wit:

1. children or spouse of a severely disabled veteran,
2. a service member missing in action or
3. held as a prisoner of war,
4. A service member killed in action or currently hospitalized and likely to be declared permanently disabled.

The Veterans Advantage Educational Assistance Program provides that veterans or the dependents must avail the program within 10 years of leaving active duty for eligibility.

VA Home loans

V.A. LOAN ELGIBILITY AND REQUIREMENTS – VETERAN HOME LOANS – VA LOANS FOR 2011
1. Determine Eligibility
•VA guaranteed home loans are an advantage to veterans due to no down payment plus there is no upper limit or cap on the income of the borrower.  Since there is no down payment as a security against foreclosure, lenders will receive a certificate of guaranty from the VA.  A distinct Veterans Advantage, as gratitude for honorable military service, the government is vouches for the veteran’s trustworthiness to repay this debt.

•To determine eligibility, a military veteran, active duty person, or a member of the national guard or selected reserves, must submit a VA Form 26-1880 (2 pages) (Form is now in a FILLABLE format – but people with Adobe 5.0 seem to have trouble with it) along with proof of service (DD Form 214, a statement of active duty, or proof of participation in the national guard or reserves) to the VA Eligibility Center, P.O. Box 20729, Winston-Salem, NC 27120.  Based on the applicant’s length and type of service, VA issues a certificate for each person determined eligible to apply for a VA guaranteed home loan.  Check the status after ten days by calling 1 (888) 244-6711 between 8:00 – 4:00 Eastern time.

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