VA Gift Funds Requirements | VA Loans For Vets (2024)

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  • www.valoansforvets.com
  • March 25, 2024

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We firmly believe that the internet should be available and accessible to anyone, and are committed to providing a website that is accessible to the widest possible audience,regardless of circ*mstance and ability.

To fulfill this, we aim to adhere as strictly as possible to the World Wide Web Consortium’s (W3C) Web Content Accessibility Guidelines 2.1 (WCAG 2.1) at the AA level.These guidelines explain how to make web content accessible to people with a wide array of disabilities. Complying with those guidelines helps us ensure that the website is accessibleto all people: blind people, people with motor impairments, visual impairment, cognitive disabilities, and more.

This website utilizes various technologies that are meant to make it as accessible as possible at all times. We utilize an accessibility interface that allows persons with specificdisabilities to adjust the website’s UI (user interface) and design it to their personal needs.

Additionally, the website utilizes an AI-based application that runs in the background and optimizes its accessibility level constantly. This application remediates the website’s HTML,adapts Its functionality and behavior for screen-readers used by the blind users, and for keyboard functions used by individuals with motor impairments.

If you’ve found a malfunction or have ideas for improvement, we’ll be happy to hear from you. You can reach out to the website’s operators by using the following email

Screen-reader and keyboard navigation

Our website implements the ARIA attributes (Accessible Rich Internet Applications) technique, alongside various different behavioral changes, to ensure blind users visiting withscreen-readers are able to read, comprehend, and enjoy the website’s functions. As soon as a user with a screen-reader enters your site, they immediately receivea prompt to enter the Screen-Reader Profile so they can browse and operate your site effectively. Here’s how our website covers some of the most important screen-reader requirements,alongside console screenshots of code examples:

  1. Screen-reader optimization: we run a background process that learns the website’s components from top to bottom, to ensure ongoing compliance even when updating the website.In this process, we provide screen-readers with meaningful data using the ARIA set of attributes. For example, we provide accurate form labels;descriptions for actionable icons (social media icons, search icons, cart icons, etc.); validation guidance for form inputs; element roles such as buttons, menus, modal dialogues (popups),and others. Additionally, the background process scans all of the website’s images and provides an accurate and meaningful image-object-recognition-based description as an ALT (alternate text) tagfor images that are not described. It will also extract texts that are embedded within the image, using an OCR (optical character recognition) technology.To turn on screen-reader adjustments at any time, users need only to press the Alt+1 keyboard combination. Screen-reader users also get automatic announcements to turn the Screen-reader mode onas soon as they enter the website.

    These adjustments are compatible with all popular screen readers, including JAWS and NVDA.

  2. Keyboard navigation optimization: The background process also adjusts the website’s HTML, and adds various behaviors using JavaScript code to make the website operable by the keyboard. This includes the ability to navigate the website using the Tab and Shift+Tab keys, operate dropdowns with the arrow keys, close them with Esc, trigger buttons and links using the Enter key, navigate between radio and checkbox elements using the arrow keys, and fill them in with the Spacebar or Enter key.Additionally, keyboard users will find quick-navigation and content-skip menus, available at any time by clicking Alt+1, or as the first elements of the site while navigating with the keyboard. The background process also handles triggered popups by moving the keyboard focus towards them as soon as they appear, and not allow the focus drift outside of it.

    Users can also use shortcuts such as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.

Disability profiles supported in our website

  • Epilepsy Safe Mode: this profile enables people with epilepsy to use the website safely by eliminating the risk of seizures that result from flashing or blinking animations and risky color combinations.
  • Visually Impaired Mode: this mode adjusts the website for the convenience of users with visual impairments such as Degrading Eyesight, Tunnel Vision, Cataract, Glaucoma, and others.
  • Cognitive Disability Mode: this mode provides different assistive options to help users with cognitive impairments such as Dyslexia, Autism, CVA, and others, to focus on the essential elements of the website more easily.
  • ADHD Friendly Mode: this mode helps users with ADHD and Neurodevelopmental disorders to read, browse, and focus on the main website elements more easily while significantly reducing distractions.
  • Blindness Mode: this mode configures the website to be compatible with screen-readers such as JAWS, NVDA, VoiceOver, and TalkBack. A screen-reader is software for blind users that is installed on a computer and smartphone, and websites must be compatible with it.
  • Keyboard Navigation Profile (Motor-Impaired): this profile enables motor-impaired persons to operate the website using the keyboard Tab, Shift+Tab, and the Enter keys. Users can also use shortcuts such as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.

Additional UI, design, and readability adjustments

  1. Font adjustments – users, can increase and decrease its size, change its family (type), adjust the spacing, alignment, line height, and more.
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  5. Audio muting – users with hearing devices may experience headaches or other issues due to automatic audio playing. This option lets users mute the entire website instantly.
  6. Cognitive disorders – we utilize a search engine that is linked to Wikipedia and Wiktionary, allowing people with cognitive disorders to decipher meanings of phrases, initials, slang, and others.
  7. Additional functions – we provide users the option to change cursor color and size, use a printing mode, enable a virtual keyboard, and many other functions.

Browser and assistive technology compatibility

We aim to support the widest array of browsers and assistive technologies as possible, so our users can choose the best fitting tools for them, with as few limitations as possible. Therefore, we have worked very hard to be able to support all major systems that comprise over 95% of the user market share including Google Chrome, Mozilla Firefox, Apple Safari, Opera and Microsoft Edge, JAWS and NVDA (screen readers), both for Windows and for MAC users.

Notes, comments, and feedback

Despite our very best efforts to allow anybody to adjust the website to their needs, there may still be pages or sections that are not fully accessible, are in the process of becoming accessible, or are lacking an adequate technological solution to make them accessible. Still, we are continually improving our accessibility, adding, updating and improving its options and features, and developing and adopting new technologies. All this is meant to reach the optimal level of accessibility, following technological advancements. For any assistance, please reach out to

VA Gift Funds Requirements | VA Loans For Vets (2024)

FAQs

VA Gift Funds Requirements | VA Loans For Vets? ›

You must have served at least 90 days on active duty and been discharged or released under other than dishonorable conditions. If you served less than 90 days, you may be eligible if discharged because of a service-connected disability.

What makes a Veteran eligible for a VA loan? ›

You must have served at least 90 days on active duty and been discharged or released under other than dishonorable conditions. If you served less than 90 days, you may be eligible if discharged because of a service-connected disability.

Is a fiance an acceptable gift donor for VA? ›

Most lenders will accept family members (including your spouse or fiancé) as an acceptable donor of gift funds. Other parties like close friends, employers, certain charitable organizations and other public entities may also be permitted, but these cases are less common.

Can a Veteran give their VA loan to a family member? ›

The Bottom Line. Children cannot use their Veteran parent's VA loan benefits, but it's not impossible for a Veteran or their surviving spouse to help their child with a VA loan of their own. Doing so can be challenging, so it's best to contact a Veterans United VA loan expert at 573-876-2600 to discuss your options.

What Veterans are exempt from VA funding fee? ›

Who is Exempt from Paying The Funding Fee? The following persons are exempt from paying the funding fee: Veterans receiving VA compensation for service-connected disabilities. Veterans who would be entitled to receive compensation for service-connected disabilities if they did not receive retirement pay.

Why would a veteran be denied a VA loan? ›

One of the most common reasons VA loan denied is application errors. Failing to provide accurate and complete information on your loan application can raise red flags for underwriters. Double-check all the information you provide and make sure it matches your supporting documents.

Can a veteran get a VA loan with no entitlement? ›

Note: The possible additional entitlement for certain loans in excess of $144,000 may be available even if the veteran has no entitlement or partial basic entitlement. However, in such cases, the lack of full entitlement may result in lenders receiving less than a 25 percent guaranty from VA.

Who can gift funds for a VA loan? ›

Gift funds are allowable on VA loans as long as they come from a family member or similar relationship. Additionally, that gift must leave a legitimate paper trail in a bank account or financial institution. Examples of this are a canceled check or electronic fund transfer documentation.

What documentation is required for gift funds? ›

Documentation Requirements

Gifts must be evidenced by a letter signed by the donor, called a gift letter. When the gift is sourced by a trust established by an acceptable donor or an estate of an acceptable donor, the gift letter must be signed by the donor and list the name of the trust or the estate account.

How to prove gift money for a mortgage? ›

Gift letters are required by mortgage lenders as documentation to prove that the funds received are a gift, not a loan, and that the donor is not involved in the home purchase. The gift letter is an official document that verifies the nature of the received money as a gift, with no expectation of repayment.

Can a Veterans girlfriend be on a VA loan? ›

The VA doesn't expressly prohibit non-spousal co-borrowers, otherwise known as a joint VA loan. In those instances, the agency tells VA lenders that it will only guarantee the eligible borrower's portion of the home loan. That leaves a chunk of the mortgage without the government backing the program relies upon.

Can a Veteran have two VA loans? ›

As long as you're still eligible for a VA loan and are able to qualify with a lender, there's no limit to how many of these mortgages you can take out over the course of your life. In fact, it's even possible to have more than one VA loan at the same time in certain circ*mstances.

Can I give someone my VA loan? ›

Borrowers with VA loans through Veterans United have the option to transfer their loans to another eligible individual, subject to VA approval. However, assumability does not apply to other loan types offered by Veterans United, such as conventional and FHA loans.

What is the VA 1% rule? ›

If the lender is charging the 1 percent fee, they are not allowed to tack on additional charges for things the VA considers overhead. The purpose of the one percent rule is to protect Veterans from excessive fees and ensure the cost of obtaining a VA loan remains affordable.

How can I avoid closing costs with a VA loan? ›

There are four ways to pay allowable closing costs on a VA loan:
  1. Ask the seller to pay them. Your seller can pay costs equal to 4% of your sales price. ...
  2. Roll them into your loan. ...
  3. Ask about a no-closing cost option. ...
  4. Get a gift from a relative.
May 24, 2022

How do I get around the VA funding fee? ›

To be eligible for a VA funding fee refund, a Veteran must have a disability claim with an effective date retroactive to the closing date on their VA loan. The most common instances for VA funding fee refunds are active duty service members with pre-discharge disability claims.

Why would a veteran not be eligible for VA benefits? ›

This minimum duty requirement may not apply if any of these are true: You were discharged for a disability that was caused—or made worse—by your active-duty service, or. You were discharged for a hardship or “early out,” or. You served prior to September 7, 1980.

Which of the following is a requirement to qualify for a VA loan? ›

What Are the Requirements for VA Loan Programs? You have completed at least 90 days of active duty service. You have at least six years of service in the Reserves or National Guard . You have served at least 181 days of active duty service during peacetime.

What qualifies a veteran for VA benefits? ›

If you served in the active military, naval or air service and were separated under any condition other than dishonorable, you may qualify for VA health care benefits.

What are the requirements to assume a VA loan? ›

Key Insights on VA Loan Assumption for Veterans

These criteria include a proven record of timely mortgage payments, a debt-to-income ratio under 41%, sufficient residual income, and the capability to assume all associated mortgage liabilities, including the payment of funding fees.

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