December 01, 2019 at 1:23pm | Rima Rafeh
It’s been a little over 75 years since the VA Home Loan Benefit launched in the United States through the Servicemen’s Readjustment Act or the GI Bill. Since its creation, it gave opportunities to those who have bravely served our country. From home loans to vocational training. 

Here are some quick facts about the 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.

Here is a quick overview of the benefits that the VA Home Loan offers our servicewomen and men: 

  1. No down payment
  2. No Private Mortgage Insurance*
  3. Lower credit score requirements
  4. Limitation on closing costs
  5. Lower average interest rates
* For more information please check out the U.S Department of Veterans Affairs. 
If you have any more questions please feel free to contact me. Thank you for all the brave people who served our country. I salute to you! 
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