75 Years Of VA Home Loan Benefits

Dated: November 12 2019

Views: 64

#TuesdayTip75 Years of VA Home Loan Benefits | MyKCM

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:

  1. No down payment

  2. No Private Mortgage Insurance*

  3. Lower credit score requirements

  4. Limitation on closing costs

  5. 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

http://tglover.liveinfredericksburgva.com

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Tricia Glover

As an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate in the Northern Virginia Area. It's not the same everywhere, so you ne....

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