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I have served in the Air Force for 26 years. I have a pension....can I get a V.A Loan with just my pension?
Wiki User
∙ 13y ago
If the income from your pension is high enough, you may qualify. They want an income to debt ratio of forty-one percent or better. The total income to qualify will be related to the total price of the house and the down payment.
Wiki User
∙ 13y ago
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You served 12 years in the US Navy do you qualify for a pension?
Sorry, but no you do not. You must serve at least 20 years on active duty to qualify for a pension.
Can you retire as a major in the US air force?
Yes, it is possible to retire as a major in the US Air Force. The retirement eligibility criteria are based on years of service and rank held. If a major has served the required number of years, they can retire with a corresponding pension and benefits.
What is the pension for a congressman?
Well Wikipedia says: The pension amount is determined by a formula that takes into account the years served and the average pay for the top three years in terms of payment. In 2002, the average pension payment ranged from $41,000 to $55,000.
What are the pension benefits for the senate?
The president of the senate is the vice-president of the United States. He does not get an automatic pension , but his four years as senate president are treated as if he were in Congress. He gets no pension unless he serves a total of 5 years as vice-president and in Congress. The size of the pension is based on the total number of years served.
How much does an American Air Force pension pay normally every month upon retirement?
This depends entirely upon the highest rank achieved during the member's service and the number of years served. Pay can also be commensurate upon the era in which the member served.
What is the latest pension of sergeant retired after fifteen years service in group one trade on 30 6 1988 in I A F?
Unfortunately, without specific information on the individual's salary, it is not possible to provide an exact figure. Pension calculations typically involve taking into consideration factors such as the individual's salary, years of service, and pension scheme regulations. You may need to consult the relevant pension authority or calculator for a precise calculation.
How long does Senator have to work for a retirement?
I believe a Senator or Representative is entitled to a government pension if he serves as little as a single day.Actually to earn a pension our Congressional Representatives must serve at least five years. They may receive a pension at age 50 if they have served 20 years or they may receive a pension at any age if they have served 25 years. It is a myth that our Representatives do not participate in Social Security. They actually get both. They pay 6.2% of their current $174,000 salary into Social Security and 1.3% into the FERS (Federal Employee Retirement System). How much they get from FERS is a mystery to me.
How much do ex vice presidents get paid?
Part of the job description of the U. S. Vice President is President of the U. S. Senate, and his or her pension is based on his/her service in Congress. Someone who serves in Congress for at least five years, including time served as Vice President, receives a pension equal to the average pay of the three years in which he/she earned the most, up to a maximum of 80% of his/her final pay rate. The former Vice President can start collecting at age 62 if he/she served at least five years, at age 50 if he/she served at least 20 years, or at any time if he/she served at least 25 years.
Is your wife entilted to 50 percent of your pension if you are married for 11 years and then get divorced?
She is entitled to 50% of the portion of your Pension of the years you were married. For example, If you had a Pension fund for 7 years, prior to your marriage, then married for 11 years, she is entitled only to 50% of the portion of the Pension you acquired during the 11 years you were married, and not the 7 years of the Pension, prior to your marriage.
How much retirement does a congress member make per year?
Congress members qualify for a pension after serving at least 5 years, with the amount based on the length of service and average salary. As of 2021, the maximum annual pension is around $136,000 for those serving 30 years or more.
What are the benefits for ex-serviceman widow?
Ex-servicemen's widows may be eligible for benefits such as pensions, healthcare services, educational assistance for their children, and housing assistance. These benefits aim to provide financial and emotional support to widows who have lost their spouses who were in the military.
What did Buzz Aldrin do for a living?
Buzz Aldrin served the U.S. Air Force as a pilot for 21 years.
