If you want to take out a home loan using your veteran pension then it is required that it is permanent and ongoing.
However, you may also have to be receiving a certain type of veteran pension for it to be accepted. This may include:
- Department of Veteran Affairs – Service and Age Pension.
- Department of Veteran Affairs – War Widow’s or Widower’s Pension.
You may be required to provide the following documents:
- A current Department of Veterans Affairs statement showing the name of the customer, frequency, and amount, OR
- A current bank statement showing direct credits identifiable as the government allowance.
Cheers,
Otto