Pima
10-Year Member
- Joined
- Nov 28, 2007
- Messages
- 13,900
There are many VA benefits from VA mtgs to disability, however I think it is important for candidates, cadets and AD to understand that there are qualifiers and how the system works.
I am a lowly spouse, so I will start the discussion from a limited perspective.
1. VA loans.
You not only need time in service, but also a certain credit score to use this perk.
If you use it for the 1st time it is a 1% funding fee. This is rolled into the mtg. If you use it again it is a 3% fee.
Vets with disabilities can get the 3% fee waived, but the min credit score cannot be waived.
2. Disability pay
~ Your check is tied to the % of the disability that the DoD has acknowledged.
10% disabled means 10% retirement check is not taxable.
~ It could take 6+ months to get it and multiple VA doc visits.
~ You may be required to have the VA validate it yrly.
That is my limited knowledge and any one who wants to discuss the VA bennies go for it!
MY BAD...MODS can you move this thread to Life After the Military... I tried to delete, but the computer G*Ds aren't working with me!
I am a lowly spouse, so I will start the discussion from a limited perspective.
1. VA loans.
You not only need time in service, but also a certain credit score to use this perk.
If you use it for the 1st time it is a 1% funding fee. This is rolled into the mtg. If you use it again it is a 3% fee.
Vets with disabilities can get the 3% fee waived, but the min credit score cannot be waived.
2. Disability pay
~ Your check is tied to the % of the disability that the DoD has acknowledged.
10% disabled means 10% retirement check is not taxable.
~ It could take 6+ months to get it and multiple VA doc visits.
~ You may be required to have the VA validate it yrly.
That is my limited knowledge and any one who wants to discuss the VA bennies go for it!
MY BAD...MODS can you move this thread to Life After the Military... I tried to delete, but the computer G*Ds aren't working with me!
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