Escrow Services for Veterans

Escrow Services for Veterans

Escrow Services for VA Specially Adapted Housing & Special Housing Adaptation Grants

VA Specially Adapted Housing Grant Infographic

Bankers Escrow is proud to support our heroes by providing escrow services for the administration of U.S. Department of Veterans Affairs (VA) Specially Adapted Housing (SAH) grants and Special Housing Adaptation (SHA) grants. SAH and SHA grants enable veterans and active military personnel with certain service connected disabilities to live independently, in a barrier-free environment.

How can SAH & SHA grants be used?

The U.S. Department of Veterans Affairs indicates the following as situations where a Specially Adapted Housing grant can be utilized:

  • To construct a specially adapted home on land to be acquired
  • To build a home on land already owned if it is suitable for specially adapted housing
  • To remodel an existing home if it can be made suitable for specially adapted housing
  • To apply the grant against the unpaid principal mortgage balance of an adapted home already acquired without the assistance of a VA grant

Further, the VA provides that a Special Housing Adaptation grant can be used to:

  • Adapt an existing home the veteran or family member owns in which the veteran lives
  • Adapt a home that the veteran or family member intends to purchase in which the veteran will live
  • Help a veteran purchase a home already adapted in which the veteran will live

How do we help?

Since 1993, Bankers Escrow has been a preferred escrow company for the VA.  Our tailored escrow services are designed to efficiently facilitate processes that help improve the lives of veterans. Bankers Escrow works with eligible veteran homeowners, the VA and approved construction and remodeling companies to hold funds and disburse construction payments in accordance with regional requirements established by the U.S. Department of Veterans Affairs. Bankers Escrow handles payment processing and cash holding services associated with constructing an adaptive home or remodeling an existing home if it can be made suitable for VA adapted housing.

Bankers Escrow makes SAH and SHA grant projects easy for all stakeholders with outstanding service, timely disbursements, accurate accounting and clear communication throughout the process.

Need more information?

If you have questions about VA Specially Adapted Housing or Special Housing Adaptation grant eligibility reference the documents and links below and contact Bankers Escrow for more information on how to get started. 

 

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