VA LOAN CAPTAIN BLOG & Learning Center

Happy News for Disabled Veterans and Service Members

By: Grant Moon 03/28/12 07:30 am

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The Department of Veteran affairs announced multiple grants for disabled veterans and service members. Eligible disabled veterans and service members, who initially received one-time grants of $10,000 or $50,000, can now receive 3x the amount as long as it is within the prescribed limits. The VA mailed more than 16000 letters, informing all eligible veterans about this, including those who have used only a portion of the grant allotted.

VA has three types of Housing Grants under the new plan. They are:

– Specially Adapted Housing Grant or SAH:

Allotted to wheelchair bound veterans, this grant is to modify a house that enables easy accessibility with a wheel chair. This benefit can be used with VA Home Loan Guaranty Program.

– Special Housing Adaptations or SHA grant:

This grant is given to veterans who are blind, or have lost the use of both hands, or for any disabilities below the elbow.

– Temporary Residence Adaptation or TRA grant:

Allotted to veterans who live in homes owned by family members on a temporary basis or intend to live in one for a temporary basis.

Both SAH and SHA require the veterans to have ownership and title to a house, while TRA is for veterans who don’t own a home but can use the benefits of adoptive Housing Grant Program. The main aim of these grants is to provide hassle free living to all veterans and service members who have incurred a disability while serving their country.

VA Loan Captain is a Service Disabled Veteran Owned Small Business (SDVOSB) that helps veterans obtain home loans at competitive interest rates. Furthermore, for every loan that closes $200 is provided to a partner veteran non-profit of the veteran’s choice for every loan closed. For more details, visit us at www.valoancaptain.com

 

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