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If a veteran dies before the loan is paid off, will the VA guaranty pay off the balance of the loan?

Published 08/06/2012 09:52 AM   |    Updated 08/06/2012 09:52 AM
If a veteran dies before the loan is paid off, will the VA guaranty pay off the balance of the loan?
No. The surviving spouse or other co-borrower must continue to make the payments. If there is no co-borrower, the loan becomes the obligation of the veteran's estate. Mortgage life insurance is available but must be purchased from private insurance sources.