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The Department of Veterans Affairs Home Loan Basics

The first step toward owning your own home is meeting with a lender to secure a loan. The Home Loan Program, through the Department of Veterans Affairs, is a substantial benefit you have earned with your military service. These invaluable loans require no down payment, no private mortgage insurance, and negotiable interest rates.

Voluntary Education Websites

These resources offer information on federal grants and loans, scholarships for injured service members and other education tools. Defense Activity for Non-Traditional Education Support, or. …
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Predatory Lending Warning Signs

Payday lending (sometimes called a “cash advance”) is the practice of using a post-dated check or electronic checking account information as collateral for a short-term loan. To qualify, borrowers need only personal identification, a checking account and income from a job or government benefits, like Social Security or disability payments.

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11 Calculators to Help You Scope Out Your Personal Finances

Buying a car or appliance? Applying for a loan? Paying off debt? Saving for college? You can learn how to take more control of your personal finances. Military OneSource has assembled 11 calculators to show you ways to pay off debt and help you better manage life’s financial decisions.

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Need Money for Higher Education?

Don’t think you can afford college? Think again. In addition to military tuition assistance and Department of Veterans Affairs education programs, numerous loans and opportunities are available to help you fund the next step in your education.

Essentials

Higher Education for Your Children – The Essentials

Military OneSource stands by your side with information and resources so you can support your child’s education. Military families have several options when it comes to financing your youth’s college or trade school education, including scholarships, Post-9/11 GI Bill® benefits, education grants, loans and college savings programs. Your children’s goals are as important as your own, and Military OneSource has your back as you plan for this milestone.

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Monitor Your Financial Health

Applying for a loan is a common first step toward buying a home, buying a car or going back to school. The application process itself can be stressful, and there’s nothing worse than hearing your loan application was denied. Even with a steady income and a good payment history, your loan application could be rejected because you already have too much debt.

Benefits

For Service Members – Benefits

If you’re looking for tuition assistance or help with finding a job, many agencies and organizations are ready to assist. On this page, Military OneSource provides valuable information, benefits and tips about higher education and. …
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Tips for Buying a Car as a Service Member

Buying a car is a major purchase. There’s a lot to know – from sticker prices to auto loans to warranties. Avoid getting ripped off or buying more car than you need.

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Learn the Warning Signs of ‘Military Scams’

Your military friend or family member serves our country with integrity and honor. Unfortunately, there are scammers out there who try to take advantage of that service to cheat them and you. You can help protect your service member against military scams by learning the warning signs of schemes that target those in the military community.

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Veterans Affairs Benefits for National Guard and Reserve Members

Guard and reserve members are entitled to benefits and services offered by the Department of Veterans Affairs, just like their active-duty counterparts. The VA can help Guard and reserve members cover the cost of school, secure a home loan or acquire life insurance.

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Financial Protections for Your Service Member

If your service member ever gets into financial trouble, it can impact their military career. For this reason, there are two major laws – the Servicemembers Civil Relief Act and the Military Lending Act — that help protect the finances and ease the stress of active-duty service members and their families.

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For Veterans: All the Benefits of Home

You saw your share of moving in the military. Now, as a veteran, maybe you’re thinking about settling down. Thanks to your service, you’ve earned good benefits. Here are some other programs to check out.

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Request Emergency Financial Assistance if Impacted by COVID-19

Service members and their families who have been affected financially as a result of travel restrictions, closures and other events associated with coronavirus disease 2019 can check with their service relief organization to see if emergency help is available

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Military Relief Organizations and Emergency Financial Help

If you’re having serious financial problems, your service relief organization may be able to help. Army Emergency Relief, the Navy-Marine Corps Relief Society and the Air Force Aid Society are here to help you weather financial emergencies.

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About the Financial Management Awareness Program

Financial services, as referred to in the law, are defined as life insurance, casualty insurance and other insurance; investments in securities or financial instruments; banking, credit, loans, deferred payment plans, and mortgages.