75 Years of VA Home Loan Benefits | JP & Associates REALTORS®
 

This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill.

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

Since 1944, this program has created opportunities for those who have served our country, ranging from vocational training to home loans.

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