The Veterans Affairs Home Loan by the Numbers
The Veterans Affairs (VA) Home Loan is a benefit that has helped more than 22 million veterans achieve the dream of homeownership since its creation in 1944.
One of the benefits of a VA Loan is that borrowers can buy a home with a 0% down payment. In 2016, 82% of all VA Loans put down 0%!
WHO CAN APPLY FOR A VA HOME LOAN?
Those who have served:
90 consecutive days during wartime
181 consecutive days during peacetime
More than 6 years in the National Guard or Reserves
The spouse of service members who died in the line of duty or as the result of a service-related disability
VA HOME LOANS MAY BE USED TO:
Purchase a Home
Purchase a Condo
Build a Home
Refinance an existing home loan
Make improvements to a home like solar heating or other energy conservation measures
Year-Over-Year Change in VA Home Purchase Loan
The VA Home Loan is backed by the U.S. Department of Veterans Affairs, the loans are designed to help active-duty military personnel and veterans become homeowners at an affordable cost. The VA Home Loan has many benefits, requires no mortgage insurance, and allows flexible qualifying guidelines.
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11015 Kittridge Street Unit 115