75 Years of VA Home Loan Benefits

Dated: November 11 2019

Views: 35

75 Years of VA Home Loan Benefits | MyKCM

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:

  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!

Blog author image

Eduardo Marines

EDUARDO MARINES (Associate Broker) As a real estate professional, I specialize in selling residential properties. I'm fluent in Spanish and I have over two decades of experience in real estate and rel....

Latest Blog Posts

Buying a Home May Make More Financial Sense Than Renting One

Buying a Home May Make More Financial Sense Than Renting OneIf rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider

Read More

Why Are People Moving Today?

Why Are People Moving Today?Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you&rsquo

Read More

What’s Causing Ongoing Home Price Appreciation?

What’s Causing Ongoing Home Price Appreciation?If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest

Read More

Great News About Housing Inventory

Great News About Housing Inventory Some HighlightsExperts say the number of homes for sale is growing this year, and that can have a big impact on your move.If you’re planning

Read More