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Eligibility now includes National Guard members with at least 90 days of active service including at least 30 consecutive days under Title 32 Sections 316 502 503 504 or 505. Generally personal interest you pay other than certain mortgage interest is not deductible on your tax return.

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Your length of service or service commitment duty status and character of service determine your eligibility for specific home loan benefits.

. However if your modified adjusted gross income MAGI is less than 80000 160000 if filing a joint return there is a special deduction allowed for paying interest on a student loan also known as an education loan used for higher education.

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The Va Funding Fee Is A One Time Payment That The Veteran Service Member Or Survivor Pays On A Va Backed Or Va Direct Home Closing Costs Loan Refinance Loans

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