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x *XDUDQWHHG/RDQV The VA can guarantee part of a loan from a private lender to help you buy a home, a manufactured home, a lot for a manufact ured home, or certain types of condominiums. VA also guarantees loans for building, repairing,and improving homes. More information is availab le at http://www. benefits.va.go v/homeloan s/. x 5HILQDQFLQJ/RDQV ,f you have a VA mortgage, the VA can help yourefinance your loan at a lower interest rate. You may also refinance a non-VA loan. x 6SHFLDO*UDQWV Certain disabled veterans and military personnel can receive grantsto adapt or acquire housing suitable for their needs. x 7LPH/LPLWV There is no time limit for a VA home loan. Life Insurance x 6HUYLFHPHPEHUV·*URXS/LIH,QVXUDQFH 6*/, is low-cost term life insurancefor service members and reservists. Coverage of up to $400,000 begins when youenter the service. Generally, it expires 120 days after you leave the service. 7UDXPDWLF 6*/, is automatically included in SGLI and provides for payment up to$100,000 forservice members who lose limbs or incur other serious injuries. x 9HWHUDQV*URXS/LIH,QVXUDQFH 9*/, is renewable term life insurance for veterans who want to convert their SGLI up to an amount not to exceed thecoverage you had when you separated from service. You must apply within oneyear and 120 days from separation. x 6HUYLFH'LVDEOHG9HWHUDQV,QVXUDQFH , also called RH insurance, is for service- connected disabled veterans. Coverage is $10,000. You may be eligible for a $20,000 supplemental policy if you are totally disabled. You must apply for RH within two years of being rated service-connected by the VA. Dependents and Survivors Dependency and Indemnity Compensation (DIC) DIC is payable to certain survivors of: Service members who died on active duty Veterans who died from service-related disabilities Certain veterans who were being paid 100% VA disability compensation at the time of death. Death Pension is payable to some surviving spouses and children of deceased wartime veterans. The benefit is based on financial need. Parents' DIC is payable to some surviving parents. The benefit is based on financial need. Home Loans The VA offers a number of home loan services to eligible veterans, some military personnel, and certain surviving spouses.
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