Real estate industry changes could mean for VA home loan borrowers

Recently, the National Association of Realtors® (NAR), one of the largest real estate professionals (REPs) trade organizations, has been in the news regarding a settlement concerning buyer-broker compensation. Effective August 17, 2024, the NAR reached a settlement in a class action lawsuit, resulting in significant changes to buyer-broker fees in real estate transactions. Here’s how this could affect Veterans and service members using VA’s home loan benefits.

What are the changes?

The settlement mandates two significant changes in how buyers and sellers negotiate services from a buyer’s agent:

  1. When agents list homes on the Multiple Listing Service (MLS) platform, they will no longer be able to include the buyer’s agent’s compensation. The MLS is the platform that buyers’ brokers and listing brokers use to share information about properties for sale.
  2. Buyers will be required to enter into written agreements with Realtors® before touring a home, and the agreement must include terms regarding their agent’s fee.

Why does this change matter for Veterans using the VA-guaranteed home loan benefit?

Historically, Veterans could not pay buyer-broker fees when purchasing a home with a VA-guaranteed loan. In June, VA announced an update to help ensure that Veterans using the VA-guaranteed home loan benefit remain competitive buyers. Specifically, eligible Veterans, active-duty service members, and surviving spouses who use their VA home loan benefits can pay for certain real estate buyer-broker fees when purchasing a home as of August 10, 2024. This update was intended to ensure VA’s programs continue to promote access to homeownership.

For additional information about this update, please review VA Circular 26-24-14: “Temporary Local Variance for Certain Buyer-Broker Charges” on VA’s Loan Guaranty Service Resources page.

What this means for homebuyers

Homebuyers will now be required to sign a written agreement with their agent before touring a home. This contract must explain the buyer-broker fee, as negotiated by the homebuyer and the agent, and the specific services that will be provided by the agent.

The buyer’s written agreement must include the following four components regarding the buyer-broker fee:

  • A prominent disclosure of the amount or rate of compensation the real estate agent will receive and how this amount will be determined.
  • Compensation must be objective (e.g., $0, X flat fee, X percent, X hourly rate) and not open-ended.
  • A term that prohibits the agent from receiving compensation for brokerage services from any source that exceeds the amount agreed to with the buyer.
  • A prominent statement that broker fees and commissions are fully negotiable by the homebuyer and agent involved and not set by law.

The seller may agree to offer compensation to your agent, but the offer cannot be shared on the MLS. Buyers may also ask sellers to pay the buyer’s agent’s compensation, even if the seller’s agent did not advertise seller-paid compensation on a platform other than the MLS.

Buyers can still accept concessions from the seller (up to 4% of the appraised value of the property), such as offers to pay closing costs. Also, because buyers’ agents cannot receive compensation over the amount negotiated with their client, any seller-paid offers of compensation higher than the amount negotiated by the buyer may be negotiated as a seller concession to defray the buyer’s closing costs.

What this means for home sellers

Sellers can offer compensation to buyer brokers. However, the seller’s agent must clearly disclose and document the seller’s approval of the payment or offer that will be made to the buyer brokers.

This compensation amount cannot be included on the MLS listing. The seller’s agent may advertise the listing on other social media, flyers, and websites outside of the MLS platform.

Sellers can still offer buyer concessions (up to 4% of the appraised value of the property), such as offers to pay closing costs.

What can Veterans do?

When finding an agent to work with, make sure to ask questions about compensation and understand what services are included. It is also your right to negotiate the fees before signing a written contract. You should work with your agent to understand how the VA-guaranteed home loan benefit applies to your situation, with the full range of choices when both buying or selling a home.

VA remains committed to providing guidance and policies that ensure Veterans are not disadvantaged in the homebuying or selling process. VA will continue to monitor how the settlement affects the real estate market and keep Veteran buyers competitive in the housing market.

For more information on VA home loans, please visit VA’s Loan Guaranty Assistance page.

Source: VA News




Benefits for U.S. Veterans with a VA Rating of 100%

Veterans Benefits Hub is committed to keeping you informed on the latest benefits for veterans with a 100% disability rating.

If you’re a veteran receiving 100% disability from the Department of Veterans Affairs, you might be wondering what benefits are available to you. There are 14 key benefits, with only two requiring special considerations. Let’s start with the first and most well-known benefit: compensation. A veteran rated at 100% can receive over $3,700 per month, tax-free, with no restrictions on how that money can be used.

Benefit number two is additional compensation for eligible dependents, which can be significant. For example, as of this video’s production, a veteran alone receives $3,737.85, while a veteran who is married with one child receives $4,098.87. The third benefit is no-cost health care and prescription medications, covering everything from hearing aids to hospital beds.

If you’re not yet enrolled, details on how to do so are in the video description below. Benefit number four is a travel allowance for scheduled medical appointments. Whether you drive, take a taxi, bus, or train, the VA can help cover those costs, and more details are provided below. Benefit number five is also substantial: no-cost dental care, covering everything from cleanings to dentures.

Benefit number six is a waiver of the U.S. VA funding fee for a U.S. VA home loan. If you’ve ever purchased a home, you know how expensive the upfront costs can be, but this benefit significantly reduces that financial burden. Benefits seven and eight relate to U.S. employment. You’ll receive a 10-point preference when applying for United States federal jobs, and many U.S. states offer the same. You may even be eligible for direct hire, meaning you don’t have to compete for the job. However, hiring authorities are not required to use this option, so it’s worth asking the HR department.

If you’re retired from the military, benefit number nine allows you to receive your full military retirement pay alongside your VA disability without any offset. Benefit number ten is a burial and plot allowance, and you can even get pre-need authorization. It’s not a pleasant topic, but planning ahead can ease the burden on your

Benefit number eleven is a uniformed services ID card, and one of my personal favorites, benefit number twelve, is the Veteran Readiness and Employment (VR&E) program. This program helps veterans start a new career with education, training, and more, including tuition, supplies, housing, and personalized counseling. If your current job is aggravating or worsening a service-connected disability, VR&E can help you find a more suitable position to improve your quality of life.

The final two benefits are specific to veterans with a 100% permanent disability. Benefit number thirteen is Dependents’ Educational Assistance (Chapter 35), which helps your dependents pay for school or job training. Benefit number fourteen is CHAMPVA, a comprehensive health care program where the VA shares the cost of health care services and supplies.

So, there you have it—14 benefits that veterans rated at 100% disability are eligible for. Thanks for tuning in. If you haven’t already, be sure to like and subscribe so you don’t miss any future episodes of the VETERANS DISABILITY HUB. Our mission is to help you connect with the benefits you’ve earned, and we’re offering more resources than ever to do just that.




VA award $806.4 million in grants to support homeless

The U.S. Department of Veterans Affairs (VA) has announced it will award $806.4 million in grants to support homeless and at-risk Veterans through the Supportive Services for Veteran Families (SSVF) and Homeless Providers Grant and Per Diem (GPD) programs.

  1. Supportive Services for Veteran Families (SSVF): Through the SSVF program, the VA is awarding 239 grants totaling approximately $797.5 million to community organizations that help rapidly rehouse Veterans and their families, prevent the imminent loss of Veterans’ homes, or identify more suitable housing situations.
  2. Grant and Per Diem Program (GPD): Through the GPD program, the VA will award 14 grants totaling approximately $8.9 million to community organizations that provide Veterans with transitional housing and case management services. This includes connecting eligible Veterans to VA benefits, community-based services, and permanent housing. These special needs grants will fund approximately 105 transitional housing beds to support specific populations of homeless Veterans, including women, elderly, terminally ill, chronically mentally ill, or those who care for minor dependents.

Ending Veteran homelessness is a top priority for the VA and the Biden-Harris Administration. The number of Veterans experiencing homelessness fell by 4.5% between 2020 and 2023 and has dropped 52% overall since 2010. These grants build upon significant progress toward ending Veteran homelessness, including VA’s fiscal year 2024 goal to house 41,000 more homeless Veterans. In 2023, the VA placed more than 46,500 homeless Veterans into permanent housing, exceeding the 2023 goal by nearly 23%.

“We’re making real progress in reducing Veteran homelessness, but there is much more work to do,” said VA Secretary Denis McDonough. “These grants allow the VA and the entire Biden-Harris Administration, alongside community partners, to provide more housing and wraparound services to more homeless and at-risk Veterans than ever before.”

These efforts are built upon the evidence-based “Housing First” approach, which prioritizes housing Veterans first, followed by providing them the wraparound support needed to stay housed, including health care, job training, legal and education assistance, and more.

These new grant awards come just a week after the U.S. Department of Housing and Urban Development (HUD) and the VA announced policy changes that will help more Veterans receive housing assistance under the HUD-VA Supportive Housing (HUD-VASH) program. The changes include requiring public housing agencies that administer HUD-VASH to set initial income eligibility at 80% of the area median income and excluding Veterans’ disability benefits when determining income eligibility — both of which are expected to increase the number of Veterans eligible for housing assistance.

For more information about the VA’s comprehensive efforts to end Veteran homelessness, visit VA.gov/homeless. To learn more about the Grant and Per Diem program or view the full list of grantees, visit the Grant and Per Diem website. To learn more about the Supportive Services for Veteran Families program or view the full list of grantees, visit the Supportive Services for Veteran Families website.

Source: VA News




VA takes steps to expand access to benefits for Veterans who served at K2 and their survivors

The Department of Veterans Affairs (VA) has announced several measures to expand access to VA benefits for Veterans who served at Karshi-Khanabad (K2) base in Uzbekistan after September 11, 2001, and their survivors. These initiatives include:

  1. Presumptive Condition for Chronic Multi-Symptom Illness: The VA plans to classify Veterans who served in Uzbekistan as Persian Gulf Veterans. This change would make undiagnosed illnesses and medically unexplained chronic multi-symptom illnesses (also known as Gulf War Illness) presumptive conditions for K2 Veterans. This adjustment will reduce the burden of proof required for these Veterans to receive benefits.
  2. Recognition of Toxic Exposure Risk Activities (TERAs) at K2: The VA intends to acknowledge that K2 Veterans were exposed to several contaminants, such as jet fuel, volatile organic compounds, particulate matter, asbestos roofing tiles, and lead-based paint. The VA is collaborating with the Department of Defense to conduct further research to identify additional exposures.
  3. Comprehensive Consideration of Toxic Exposures in Claims Processing: The VA will ensure that toxic exposures are thoroughly considered when processing claims from K2 Veterans. Information and training about service at K2, including a list of contaminants Veterans were exposed to, will be provided to all claims processors and examiners. This ensures that each K2 Veteran’s exposure history is taken into account during disability claims processing.
  4. Pre-Decisional Review of K2 Claims: Before a decision is made on a K2 Veteran’s claim, it will undergo an additional review to confirm that all relevant information, including exposures, has been considered and that all eligible benefits have been granted. This review will apply to original claims for conditions potentially linked to exposures (e.g., it would not apply to claims for unrelated injuries like a knee injury).

Additionally, all Veterans who served at K2 and meet basic eligibility requirements are already eligible to enroll in VA health care, providing access to world-class, low-cost care for all health conditions without needing to apply for disability compensation first. These Veterans are also eligible for presumptive benefits for over 300 conditions covered by the PACT Act, meaning they do not need to prove that their service caused their condition to receive benefits. The VA automatically assumes service connection for the condition and provides benefits accordingly.

Looking ahead, the VA will continue to explore additional ways to support K2 Veterans and their survivors. The VA encourages all Veterans who served at K2 to apply for VA care and benefits by visiting VA.gov or calling 1-800-MYVA411.

“At VA, our goal is to provide every Veteran who served at K2 with the care and benefits that they deserve for their service to our nation — and that’s what this effort is all about,” said VA’s Under Secretary for Benefits Josh Jacobs. “In addition to these important steps forward, we want all Veterans who served at K2 to know that they are currently eligible both to enroll in VA health care (without first applying for VA benefits) and for presumptive benefits for the more than 300 health conditions under the PACT Act. We encourage these Veterans — and their survivors — to apply for VA care and benefits by visiting VA.gov or calling 1-800-MYVA411. We will do everything in our power to get to yes and get you the care and benefits you deserve.”

The VA is conducting extensive outreach to K2 Veterans and their survivors to ensure they receive the care and benefits they have earned. Due in part to these efforts, 13,002 K2 Veterans out of the approximately 16,000 known K2 Veterans are currently enrolled in VA healthcare, and 11,801 are service-connected for at least one condition.

Source: VA News




Free Laptops for Disabled Veterans

Free Laptops or Computers to Disabled Veterans

Latest U.S. Government Programs Providing Free Laptops or Computers to Disabled Veterans for Vocational Rehabilitation

The U.S. government continues to support disabled veterans through a variety of programs aimed at enhancing their quality of life, especially when it comes to vocational rehabilitation. One significant area of support involves providing free laptops or computers to help disabled veterans acquire new skills, pursue education, and re-enter the workforce. Below is an overview of some of the key programs available as of 2024:

1. Veterans Affairs (VA) Vocational Rehabilitation and Employment (VR&E) Program

The VA’s VR&E program, often referred to as Chapter 31, offers comprehensive support to disabled veterans seeking employment. A crucial part of this support includes providing necessary technology, such as laptops or computers, to veterans enrolled in vocational training, education programs, or job search activities. This technology is essential for veterans to complete online coursework, develop new skills, and access employment resources.

Eligible veterans can apply for VR&E services through the VA, where a vocational rehabilitation counselor will assess their needs and determine the appropriate equipment to support their goals. The program covers the cost of the technology, ensuring that financial barriers do not hinder veterans’ progress.

2. Computer/Electronic Accommodations Program (CAP)

The Department of Defense’s CAP initiative also plays a significant role in assisting veterans with disabilities. While CAP primarily focuses on federal employees and active-duty service members, it extends its services to disabled veterans participating in the VA’s vocational rehabilitation programs. CAP provides assistive technology, including laptops and specialized software, tailored to the specific needs of the veteran. This ensures that veterans with disabilities can fully participate in educational and vocational activities.

3. National Cristina Foundation

While not a government program, the National Cristina Foundation is a notable non-profit organization that collaborates with government agencies to provide refurbished computers to veterans and other individuals with disabilities. The foundation’s mission is to promote technology reuse and extend the life cycle of computers, benefiting those in need. Disabled veterans who may not qualify for other government programs can turn to the National Cristina Foundation for assistance in obtaining a laptop or computer for vocational training or education.

4. Local and State-Level Initiatives

In addition to federal programs, many states offer their own initiatives to support disabled veterans. These programs often provide grants or direct assistance to veterans needing laptops or computers for vocational purposes. For instance, some states have partnerships with local businesses and non-profits to distribute technology to veterans enrolled in vocational rehabilitation. Veterans are encouraged to explore these opportunities through their state veterans affairs offices.

Conclusion

The availability of free laptops and computers for disabled veterans through these programs underscores the U.S. government’s commitment to supporting veterans in their transition to civilian life. These initiatives ensure that veterans have the tools they need to succeed in their educational and vocational pursuits, ultimately leading to greater independence and employment opportunities.

For veterans interested in accessing these benefits, it is advisable to contact their local VA office or vocational rehabilitation counselor to begin the application process.




The VA is Expanding the In vitro fertilization Program

The VA is expanding access to critical IVF services, making it easier for Veterans to build the families they’ve always dreamed of. Previously, VA could only offer IVF to Veterans who were legally married and able to produce their own eggs and sperm. But now, that’s changing.

Under this new policy, the VA will provide IVF benefits to eligible Veterans, regardless of their marital status. And for the first time, Veterans can use donor eggs, sperm, and embryos. This means that unmarried Veterans, as well as those in same-sex marriages, will now have access to these vital services.

This expansion also supports Veterans who, due to service-connected injuries or health conditions, can’t produce their own sperm or eggs. The VA is taking immediate action to implement this policy, with plans to start offering these expanded services nationwide in just a few weeks.

The VA already offers a comprehensive range of fertility services, including:

  • Infertility assessments and counseling
  • Genetic testing and counseling
  • Imaging services like ultrasounds and X-rays
  • Hormone therapies
  • Surgical corrections
  • Fertility medications
  • Intrauterine insemination (artificial insemination)
  • Egg and sperm freezing
  • And more…

If you have a service-connected condition that causes infertility, you and your spouse may be eligible for IVF or other assisted reproductive technology services.

For more information about VA fertility services, coverage, and eligibility, reach out to the Women Veterans Call Center or speak with your Women’s Health Primary Care Provider. Remember, all Veterans enrolled in VA health care are eligible to receive infertility treatment with a referral from their VA provider.

And if you’re transitioning from the military and expecting a child, make sure to talk to your provider about extending your military health care benefits through 6 weeks post-delivery.

The VA is here to support you every step of the way, helping you build the family you’ve always wanted. Reach out today to learn more.

Source:

https://www.womenshealth.va.gov/topics/infertility-and-ivf.asp

Department of Veterans Affairs VHA DIRECTIVE 1334(1)
Veterans Health Administration Transmittal Sheet
Washington, DC 20420 March 12, 2021
IN VITRO FERTILIZATION COUNSELING AND SERVICES AVAILABLE TO
CERTAIN ELIGIBLE VETERANS AND THEIR SPOUSES
AMENDED APRIL 4, 2024 (Directives for VA Infetility 2024):

1334(1)_D_2021-03-12




Eligible Veterans Spouses can request Infertility and IVF support from the U.S. VA

Eligible Veterans and their spouses can access a variety of infertility treatments, including in vitro fertilization (IVF). To qualify for IVF, Veterans must have a service-connected disability that prevents them from procreating without fertility assistance.

Veterans can schedule an initial evaluation with a VA provider or by calling the Women Veterans Call Center at 855-829-6636. This evaluation, which may be conducted by a VA primary care provider, urologist, or gynecologist, helps determine eligibility for infertility treatment. If eligible, Veterans are referred to community-based infertility specialists, including Reproductive Endocrinology and Infertility (REI) providers. These specialists collaborate with Veterans and their spouses to create personalized treatment plans, which may include various services.

The VA covers infertility evaluations, counseling, and specific treatments such as hormonal therapies, surgical procedures, artificial insemination, and up to three cycles of IVF. These services are provided through the VA’s community care network, which consists of contracted community providers who deliver care to Veterans.

How to Access VA’s Infertility Services

Veterans seeking infertility services should reach out to their VA health care provider. Additionally, Veterans can contact their local VA Women Veteran Program Manager for further information on available infertility services.

Adopting? You May Be Eligible for Reimbursement

VA offers reimbursement for qualifying adoption expenses to Veterans with a service-connected disability that leads to infertility. Eligible Veterans can request reimbursement for adoption expenses incurred for adoptions finalized after September 29, 2016. More details are available in the Federal Register. Federal Register.

For additional information on IVF treatment, visit the VHA Office of Community Care. Veterans, whether male or female, can also contact the Women Veterans Call Center at 855-829-6636. Community providers interested in offering Reproductive Endocrinology and Infertility (REI) services to Veterans can visit the VA website VHA Office of Community Care to learn about partnership opportunities.

VA Handbook:

InfertilityBrochure_FINAL_508

Directives for VA Infetility 2024:

1334(1)_D_2021-03-12




VeteransBenefitsHub.com is Online: Your Go-To Resource for Veteran Benefits

 

We are excited to announce that VeteransBenefitsHub.com is online, and we are dedicated to providing U.S. veterans and their families with up-to-date, comprehensive information on the benefits they deserve. Our mission is to ensure that veterans and their loved ones have easy access to accurate and timely details about the various benefits available to them.

At VeteransBenefitsHub.com, we cover a wide range of topics, including:

  • Healthcare: Information on healthcare options specifically tailored for veterans and their families.
  • VA Home Loan Guarantees: Details on U.S. Veterans Affairs (VA) sponsored home loan guarantees with zero percent down payment, making homeownership more accessible.
  • Educational and Vocational Opportunities: Guidance on educational and vocational programs available to veterans who have served honorably, as well as their family members.

What sets VeteransBenefitsHub.com apart is our commitment to leveraging the power of Artificial Intelligence (AI). Our content is structured and sometimes presented with the help of AI, including AI-driven characters that deliver real-time, verified information on the benefits that matter most. This ensures that every article, post, and video we produce is accurate, engaging, and up to date.

Our ultimate goal is to serve as a comprehensive resource for veterans who have honorably served our great nation and for the military spouses and family members who supported them. We are proud to be part of the “Veterans Helping Veterans” community, and we are here to support you every step of the way.

Visit VeteransBenefitsHub.com today and discover the benefits you’ve earned.