Australian Government - Department of Defence - Department of Veteran's Affairs

Loan closure and final subsidy payment

If you close your DHOAS home loan, your final subsidy payment for that home loan will be paid into your account if it is still open on the day of that month's subsidy run.

If your current home loan is closed before the subsidy run, but you have opened another DHOAS home loan, DVA will send the subsidy payment to your home loan provider who will deposit it into your new loan.

If you have not opened another DHOAS home loan, the final payment will be returned to Defence and that month of entitlement will be reinstated on to your accrued subsidy period.

If you repay your DHOAS home loan but it remains open, you should advise DVA to minimise the risk of having to pay back overpaid subsidy.