Only those who did not remarry are eligible. You’re a surviving spouse of a veteran who died while in action or from a service-related disability.You’re a spouse of a prisoner of war or an MIA service member.You completed 6 years in the Selected Reserve or National Guard.You must be a veteran who spent 90 days in wartime and 181 days in peacetime.You must be an active-duty member who served at least 90 days.Visit the Veterans Affairs website if you’re looking for your regional loan center. If you have questions about VA loans, you can call 1-87, Mondays through Fridays, from 8:00 a.m. There are still some requirements you need to meet to qualify for a VA loan and become a homeowner. These loans, which are provided by private lenders, don’t need any down payment and have less stringent credit requirements because they’re guaranteed by the government. VA loans are home loans that are backed by The United States Department of Veterans Affairs. Mail personal checks, money orders, or cashier’s check.ĪER doesn’t accept loan payments made through the phone, debit and credit card, or cash.Online payment ( register on the AER website first).You can choose from several payment methods. Your commander or local AER office will assess your request and determine the amount of financial aid they can offer.Provide your Military ID and documents that show your current financial status, such as income statements and bills.You may also apply for financial help to the Aid Societies for the Navy and Marine Corps, Air Force and Coast Guard, and the American Red Cross. Contact your unit commander or local Army Emergency Relief Office.They have strict specifications when it comes to where the proceeds will go.ĪER provides funds for urgent and unexpected financial needs, such as:ĪER generally doesn’t provide funds for non-essential purposes, such as: However, AER takes into account the reason for the request when deciding whether to approve your army emergency relief loan application. The organization offers no-interest loans, grants, and scholarship programs. To date, AER helped more than 40,000 families and provided nearly $70 million worth of financial aid to soldiers and their families. Military families can turn to the Army Emergency Relief (AER) for financial assistance. What are the Types of Loans Available if You’re a Veteran or In Active Service? 1. Another option you may want to consider is a personal loan. It’s a type of loan that’s intended for veterans, active service members, and their surviving spouses. You can turn to government-backed VA loans if you’re looking to become a homeowner. Additionally, it covers medical retirees as well as Army Reserve and National Guard Soldiers who were activated under Title 10 orders for more than 30 days. AER offers financial assistance to active-duty soldiers, veterans, and their family members as well as orphans and widows of soldiers who retired or died while in active duty. It’s a private, non-profit organization that continues to provide no-interest loans, grants, and scholarships to eligible applicants. That’s through The Army Emergency Relief (AER) that was created in 1942.

Facebook Twitter Pinterest Reddit WhatsAppĪre you on active military duty or a veteran of the army? Do you need cash to cover an urgent financial need? If you or your family are currently facing financial problems, you’re probably looking at your loan options.Ĭan you get a loan from the army? Yes, you can.

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