b. Circumstances Requiring Additional Documents (continued)

Circumstances

Required Documentation

Veteran intended to sell property in order to have sufficient income and/or assets to qualify for the loan

Lender’s certification that the sale of the veteran’s property has been completed and the proceeds disbursed.

Note:  The lender’s certification must be based on its examination of a HUD-1 settlement statement or other appropriate documentation of the transaction.

Loan is to the unmarried surviving spouse of an eligible, deceased veteran

The following affidavit obtained from the surviving spouse at the time of loan closing:

“I, ________, being first duly sworn, on oath, say, that, on the __ day of ______, 2___ (insert date loan was closed), I am (was) the unmarried surviving spouse of _________ and that I make this affidavit for the express purpose of inducing _______ to make a loan to me and/or for inducing the Department of Veterans Affairs to guarantee or insure such loan, knowing that it is a criminal offense to make a false statement for this purpose; and that the above and foregoing is true and correct.”

_____________   _______________________ 

Notary’s jurat       Signature of surviving spouse         

Loan is to the spouse of a serviceperson missing in action or prisoner of war (MIA/POW)

Documentation that, at the time of loan closing, the lender asked the applicant and the applicant provided verbal assurance that

·   no official notice of any change in the service member’s status had been received, and

·   applicant was still the spouse of the service member.

Graduated Payment Mortgage (GPM)

Veteran’s statement acknowledging payment increases.

Reference:  See section 6 of chapter 7.