Do you want content like this delivered to your inbox?
Share

VA Loans: Helping Veterans Achieve Their Homeownership Dreams

Share

VA Loans: Helping Veterans Achieve Their Homeownership Dreams

Andy Rose

Andy brings to the table 8 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Florida ...

Andy brings to the table 8 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Florida ...

Nov 12 3 minutes read

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program:


“The objective of the VA Home Loan Guaranty program is to help eligible Veterans, active-duty personnel, surviving spouses, and members of the Reserves and National Guard purchase, retain, and adapt homes in recognition of their service. . . .”


For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes.

2020 Data on VA Home Loans

  • 1,246,817 home loans are guaranteed by the Veterans Administration
  • The average VA loan amount totals $301,044
  • 178,171 of those using a VA Loan are first-time homebuyers

Top Benefits of the VA Home Loan Program

As we reflect on their sacrifice and honor our nation’s veterans, it’s important to ensure all veterans know the full extent of benefits VA home loans offer. As Jeff London, Director of the VA Home Loan Program, says:


“VA loans offer an extraordinary opportunity for veterans because of lower interest rates, lower monthly payments, no or low-down payments, and no private mortgage insurance.”


Those who qualify for a VA home loan are eligible for the following:

  • Borrowers can often purchase a home with no down payment. In 2020, 350,094 individuals using a VA Loan were able to purchase their homes without putting money down.
  • Many other loans with down payments under 20% require Private Mortgage Insurance (PMI). VA Loans do not require PMI, which means veterans can save on their monthly housing costs.
  • Finally, VA-Backed Loans often offer the most competitive terms and interest rates.

Bottom Line

One way we can honor and thank our veterans this year is to ensure they have the best information about the benefits of VA home loans. Homeownership is the American Dream. Our veterans sacrifice so much in service to our nation and deserve to achieve their homeownership goals. Thank you for your service.

Are you a Veteran? 

Let us help!


As a Veteran, we specialize in helping Veterans utilize their VA Home Loan Benefits. 

Check out our Veteran's Page.

VA Home Loan Benefits

FEATURED LISTINGS

Get instant access to the latest properties to hit the real estate market.

FEATURED LISTINGS

Now partnered with Corcoran

Andy Rose is now partnered with Corcoran Reverie in Florida. 

Corcoran Reverie is known for their knowledge and experience with luxury beach properties along Florida's panhandle. Your beach home search starts here: www.YourEmeraldCoast.com

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info