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Arizona Sun
Phoenix, Maricopa County, Arizona
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Unremarried widows of WWII veterans who died from service-related causes are now eligible for VA-guaranteed GI home, farm, and business loans under amendments in the 1950 Housing Act. Eligibility mirrors death compensation rules; direct loans possible in some areas after July 19, 1950.
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Unremarried widows of veterans who died as the result of service in World War II are made eligible for GI home, farm and business loans under the terms of instructions issued by Veterans Administration to its field officers.
Such unremarried widows became eligible for VA-guaranteed loans as the result of one of several amendments to the GI loan provisions contained in the recently enacted Housing Act of 1950.
Eligibility requirements for such widows to receive GI loan guarantees in general parallel those governing death compensation payable to widows of World War II veterans.
The veteran must have served in the Armed Forces at some period between September 16, 1940 and July 25, 1947, his death must have been a result of service while on duty, or from service-connected causes following discharge, and the widow must not have remarried following the veteran's death.
Widows who are eligible for GI loan benefits by virtue of their own service in the Armed Forces receive no additional benefits as widows.
GI loans for home, farm or business purposes are made by private lending institutions, with VA guaranteeing the lender against loss on a portion of the loan.
One of the recent amendments authorizes VA to make direct loans to eligibles for home purchases after July 19, 1950, in localities where mortgage financing at 4 per cent is not available.
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Domestic News Details
Event Date
1950
Event Details
Unremarried widows of veterans who died as a result of service in World War II are made eligible for GI home, farm and business loans under instructions issued by Veterans Administration. This eligibility stems from amendments to the GI loan provisions in the Housing Act of 1950. Requirements parallel those for death compensation: service between September 16, 1940, and July 25, 1947; death from service while on duty or service-connected causes post-discharge; widow not remarried. Widows with their own service receive no additional benefits. Loans are made by private institutions with VA guarantees; direct loans authorized after July 19, 1950, where 4% financing unavailable.