Mackenzie Tignor | November 10, 2022
Buying A Home
For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it’s important to understand this program and its benefits.
Here are some things you should know about VA loans before you start the homebuying process.
VA home loans provide a pathway to homeownership for those who have served our nation. The U.S. Department of Veterans Affairs describes the program like this:
“VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.”
In addition to helping eligible buyers achieve their homeownership dreams, VA loans have several other great benefits for buyers who qualify. According to the Department of Veteran Affairs:
A recent article from Veterans United sums up just how impactful this loan option can be:
“For the vast majority of military borrowers, VA loans represent the most powerful lending program on the market. These flexible, $0-down payment mortgages have helped more than 24 million service members become homeowners since 1944.”
John Bell, Acting Executive Director of the Department of Veterans Affairs Loan Guaranty Service, also explains why this program is so powerful:
“It provides early ownership for many people that would not have that opportunity to begin with. Since there’s no down payment, it allows people to hold their wealth and it gives them the ability to have long term financial security by being able to own a house and let that equity grow.”
Homeownership is the American Dream. Our veterans sacrifice so much in service of our nation, and one way we can honor and thank them is to ensure they have the best information about the benefits of VA home loans. Thank you for your service.
Stay up to date on the latest real estate trends.
Mackenzie Tignor | November 29, 2022
Mackenzie Tignor | November 28, 2022
Mackenzie Tignor | November 25, 2022
Mackenzie Tignor | November 24, 2022
Mackenzie Tignor | November 23, 2022
Mackenzie Tignor | November 22, 2022
Mackenzie Tignor | November 21, 2022
Mackenzie Tignor | November 18, 2022
Mackenzie Tignor | November 17, 2022
The Collaborative offers you unsurpassed market knowledge, skilled negotiations and will be your trusted advisor. Our years of full-time experience have given us clear insight into homebuyer and seller mindsets and a thorough understanding of the regional marketplace.