75 Years of VA Home Loan Benefits
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
For more information, or to find out how to qualify to use a VA Home Loan Benefit, contact us so we can help you through the process. Thank you for your service!