Opinion: The VA Needs a Veteran Suicide Funeral Loan Program

Once A Soldier Advocates for a New Bill to Help Veteran Suicide Families

The VA Home Loan program continues to provide value to Veterans and it is a well-earned feather in the cap of the Veterans’ Administration. Once A Soldier believes that a similar government backed loan program needs to be made into law. Significantly smaller in scope than the successful VA Home Loan Program, it will still mean a great deal to our Veteran families.

Now, with the close of the war in Afghanistan, more soldiers will be coming home. We know that transition out of a war zone has is a bumpy road for many. For some, getting a job, keeping it, and just fitting back in seems like a lost cause. Add in the curse of PTSD, and we get a Veteran suicide rate like we have now.

Additionally, sixteen of the twenty-two military suicides happen to a Veteran and therefore their family. Often times they witness it. They need to clean it up in both ways. It is a great American tragedy.

To us, Veteran families have earned this program in a way to only a Veteran family can. Service means deployments, low pay, and frequent re-assignments. A suicide is one cross too many to bear, in our opinion. We think most people from all countries would agree.

John Rutherford, R-Florida pledges his support for our cause, and we are asking him and the rest of the Congress to consider this Veteran Family Suicide Funeral Home Loan Program. Once you see the vaule, the right thing to do is to act now.

I WANT TO HELP

I NEED HELP

ABOUT ONCE A SOLDIER

Our Veterans are killing themselves in record numbers mostly due to PTSD. An overmatched VA can’t take care of them or their families. We will.

Soldier suicide leaves Veteran families with thousands of dollars of bills unpaid, mostly bank loans.

We are the only nonprofit standing with the families after a veteran suicide. Stand with us.

Our Mission: Become the preferred channel for donors, advocates and volunteers who care about veteran families left behind after a soldier suicide.

Links for More Information:

VA Home Loan Requirements

VA Home Loan Eligibility

VA Home Loan Apply

VA Home Loan Lender Reviews

Go here for FDA-approved therapies
Go here for drug-free PTSD abatement techniques

← Three VA Home Loan Advantages Cremation Process and Remains Transportation →

Three VA Home Loan Advantages

Surviving Spouses Should Take Advantage of a VA Home Loan

If you are the spouse of a Veteran who committed suicide, chances are you’ve lost your dwelling and a vehicle or two. While the road back is hard, there is hope. One silver lining for you is the VA Home Loan program.

Originally known as the Servicemen’s Readjustment Act, passed in 1944, the VA was authorized to guarantee or insure home, farm, and business loans made to veterans by lending institutions. As of 2020, over 25 million VA home loans have been insured by the government.

Three, Actually Four, VA Home Loan Perks

No Down Payment Necessary

First off, homebuyers will usually need at least a 5 percent down payment for conventional loans or a 3.5 percent down payment for FHA financing. Being able to purchase with $0 down means VA borrowers don’t have to spend years saving to scrape together a big down payment. On a $200,000 loan, that’s $10,000 for conventional borrowers and $7,000 for FHA. For many first-time homebuyers, coming up with that kind of cash up can be challenging.

Less Stringent Qualifications

Two: Many first-time homebuyers might not yet have a strong credit history, which can make it more difficult to get approval for a mortgage or qualify for an affordable interest rate. Since the VA Loan is government-backed, VA Loans are easier to qualify for at competitive rates.

No Private Mortgage Insurance Payments

Third: VA Loans don’t require the added monthly expense of private mortgage insurance (PMI). The average cost of private mortgage insurance for a conventional home loan ranges from 0.58% to 1.86% of the original loan amount per year. A convention that favors the insurance company and shields the lender, it is widely regarding as a huge annoyance to those who must pay it. But not for you, you’ll get to leave that monthly expense in your bank account.

One Extra Advantage

In addition, the competitive VA Loan rates can save a typical buyer thousands over the lifespan of the loan.

VA Home Loan Basics

A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and new construction. The VA does not originate loans, but sets the rules for who may qualify, issues minimum guidelines and requirements under which mortgages may be offered and financially guarantees loans that qualify under the program.