Home ownership has long been part of the American dream. For veterans, the Department of Veterans Affairs-guaranteed home loan provides a means to make that dream a reality. Periodically, something will trigger me to revisit this valuable benefit of service. About three years ago, it was my own family weighing whether to use a VA loan for our…
The VA home loan program has been around for seven decades. This long-cherished benefit has backed more than 24 million military mortgages since 1944. But in many ways, it’s more important today than ever before. Many lenders tightened their lending requirements after the housing market collapse. Access to credit is starting to loosen, but it’s…
A VA mortgage loan (also known as a Veterans Administration home loan) is one of the most useful military benefits. If you qualify, you can buy or build a home, or refinance an existing home mortgage, with as little as $0 down, great rates, and financing up to $484,350 (2019 limit) – more if you live in…
