“Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.”
This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans.
Facts About VA Home Loans:
- Nearly 24 million home loans have been guaranteed by the Veterans Administration.
- Nearly 82% of VA home loans are made with no down payment.
- The VA also provides grants to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs. Last year the VA provided 2,000 grants totaling $104 million.
Benefits of a VA Home Loan:
- No down payment
- No Private Mortgage Insurance*
- Lower credit score requirements
- Limitation on closing costs
- Lower average interest rates
*More information on VA Home Loan Fees
Bottom Line
The best thing you can do today to celebrate Veterans Day is to share this information with those who can benefit from these opportunities. For more information, or to find out how to qualify to use a VA Home Loan Benefit, let’s get together to navigate through the process. Thank you for your service!
To view original article, visit Keeping Current Matters.
Why Today’s Housing Supply Is a Sweet Spot for Sellers
The number of homes for sale and new listing activity continues to improve compared to last year.
The Truth About Down Payments
Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.
Expert Home Price Forecasts for 2024 Revised Up
Now that rates have come down from their peak, and with further declines expected this year, buyer demand has picked up.
Strategic Tips for Buying Your First Home
If you’re ready, willing, and able to buy your first home, here are some tips to help you turn your dream into a reality.
It’s Time To Prepare Your House for a Spring Listing
With the market gearing up for its busiest time of year, it’s important to make sure your house shines bright among the competition.
Bridging the Gaps on the Road to Homeownership
Homeownership is an important part of building household wealth that can be passed down to future generations.
.jpg ){kind=logo}
