Program Description Policyholders who have permanent plans of insurance under one of the programs listed below may borrow up to 94% of the cash value of the policy after it has been in force for one year. United States Government Life Insurance (USGLI) - USGLI was generally issued to veterans of World War I. This program has been closed to new applicants since 1951.

This loan program is a small "companion benefit" to VA's Specially-Adapted Housing (SAH) Grant program. It's rarely used, but it's available if a an SAH-eligible veteran or service member should need it. The goal of the SAH program-as a whole-is to provide a barrier-free living environment which affords the veteran or service member a level of independent living he or she might not otherwise enjoy. The SAH grant itself can be used to build a specially-adapted home, buy a home that's already adapted, or adapt an existing home; however, it's currently limited to a maximum of $50,000. Depending on the scope of the SAH project, veterans or service members may need supplemental financing to pay for the difference between the total cost of the house and maximum grant amount.

VA loan guarantees are made for the purchase of homes, condominiums and manufactured homes (when they're classified as real estate). VA guarantees a percentage of the loan. This helps the veteran obtain a no-down payment mortgage at a competitive interest rate. VA loans may also be refinanced. (Please see Cash-Out or Interest Rate Reduction Refinancing Loans programs on this site. You can search on "Cash-Out" or "Interest Rate Reduction Refinancing." Be sure to include the quotation marks when you type in the entry.)

The Native American Direct Loan Program makes home loans available to eligible Native American veterans who wish to purchase, construct, or improve a home on Federal trust land. The home must be your primary residence. (It's also possible to use the program to re-finance an existing Native American Direct Loan.)

Program Description VA loan guaranties are made to service members, veterans, reservists and certain qualifying unmarried surviving spouses for the refinancing of a VA home loan. General Program Requirements You must have a current VA loan to be able to utilize the Interest Rate Reduction Refinancing Loan (IRRRL) program.

Program Description With this program, you can refinance your current loan, whether it's a VA-guaranteed mortgage or not. Usually, the new loan is limited to 90% of the appraised value of the house. There are a few exceptions. General Program Requirements Persons who may qualify for these refinancing loans include: Veterans (including Reserve and National Guard members who were called to active duty) Active duty service members Current Reserve and Guard members (usually after 6 years of reserve service) Certain surviving spouses

Program Description VA guarantees a percentage of the loan. This helps the veteran obtain a no-down payment mortgage at a competitive interest rate. General Program Requirements Persons who may qualify for VA guaranteed loans include Veterans (including Reserve and National Guard members who were called to active duty) Active duty service members Current Reserve and Guard members (usually after 6 years of reserve service) Certain surviving spouses

VA loan guaranties are made to service members, veterans, reservists and certain qualifying unmarried surviving spouses for the refinancing of a VA home loan. You must have a current VA loan to be able to utilize the Interest Rate Reduction Refinancing Loan (IRRRL) program.