Thursday, March 5, 2015

Exemptions For Disabled Veterans Loans

By Leslie Ball


Service members and vets with total service connected or permanent disabilities are provided with grants to ensure that their homes are adapted to their physical conditions. The exemptions on disabled veterans loans cover such aspects as the purchase or construction of an adapted home as well as modification of the existing house. There are two categories of grants available to vets, each with unique conditions.

The purpose of Specially Adapted Housing grant is to minimize barriers for disabled persons within their living environment. This will offer them the independence they require to enjoy a comfortable life. The money may also be used to construct a house that is specially designed to meet particular needs of persons with disability.

Specially Adapted Housing grants are available for construction on an adapted house on land that is already owned by the veteran. This means that the grant will only cover the cost of construction since the land is already owned by the affected vet. This increases the amount that will be available for construction of the house.

A veteran may apply for a grant to remodel a house and make it suitable based on his condition. The amount in this case is substantially small but still qualifies for full consideration. The grant may also be applied against an unpaid principle if the home was purchased without the consideration of VA disability benefits. This will substantially reduce the amount to be paid over the remaining period of time.

Special Housing Adaptation grant enables home owners to purchase or adapt houses even in cases where they are not the veterans. It is designed to accommodate family members housing disabled Vets. The home owner should show the veteran is a family member who will be housed in the home targeted for purchase. This category allows the buyer to consider a home that is already modified.

SHA and SAH grants can be accessed by veterans with total service connected disability or permanent disability. If the condition is permanent, one may apply for either grant. A distinction exists where the SAH scheme is designed for Vets while the SHA plan accommodates family members housing the vets.

The disabilities that qualify for the grant are loss of or lost use of both arms and legs as well as blindness on both eyes and the loss of or loss of use of one leg. A vet who has lost or lost the use of the lower leg accompanied by residuals of organic disease or injury qualifies for exemption.

Loosing both arms and both legs is an express condition for granting of SAH. The loss of lower extremities to the point of affecting balance and propulsion qualifies an applicant alongside severe burns. These conditions are considered if crutches, canes, braces and wheelchairs cannot provide a solution.

Victims of the September 11th attack are considered in these exemptions. Severe burns that affect the respiratory system will make an individual illegible. A veteran is allowed to take up to a certain dollar limit with a cap on three grants.




About the Author:



No comments:

Post a Comment