VA Home Loan Benefits

Dated: 11/11/2019

Views: 1

75 Years of VA Home Loan Benefits

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

Carletha Frazier Singleton

Carletha Frazier Singleton began in the Real estate industry in 2004, she is a licensed real estate broker in 2 states and holds a vast amount of knowledge and experience. She has managed apartment co....

Latest Blog Posts

VA Home Loan Benefits

75 Years of VA Home Loan BenefitsToday, 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

Read More

The Next Economic Slowdown on Housing, How to Judge the Impact

How to Judge the Impact of the Next Economic Slowdown on HousingWe’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know

Read More

5 Powerful Reasons to Own a Home Instead of Renting

5 Powerful Reasons to Own Instead of RentOwning a home has great financial benefits.In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of

Read More