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75 Years Of VA Home Loan Benefits
Dated: 11/12/2019
Views: 11
#TuesdayTip
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!
Tricia Glover, Realtor
The Glover Team, Inc.
540-846-0185
Tricia Glover
As an agent who's an expert in this local area, I bring wealth of knowledge and expertise about buying and selling real estate in the Northern Virginia Area. It's not the same everywhere, so you need....
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