75 Years Of VA Home Loan Benefits

Dated: 11/12/2019

Views: 34

#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

Blog author image

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....

Latest Blog Posts

How To Organize Your Kitchen In Your New Home

How exciting it is to move into a new home and – a new kitchen! But before you let your enthusiasm carry you away, take some time to plan things out. You don’t want to spend hours 

Read More

National POW MIA Recognition Day

NATIONAL POW/MIA RECOGNITION DAYIn the United States, the third Friday in September honors National POW/MIA Recognition Day.Each year since 1989, a presidential proclamation brings the

Read More

Is Now A Good Time To Move

Is Now a Good Time to Move? #thegloverteam #tuesdaytipHow long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of

Read More

Benefits Of Downsizing

Thinking of selling and moving to a smaller home? I’m here to help! #thegloverteam #mondaymotivationTricia Glover, RealtorThe Glover Team, Inc.540-846-0185http://tglover.

Read More