75 Years of VA Home Loan Benefits

    Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.

    This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans.

    Facts About 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.

    Benefits of a VA Home Loan:

    1. No down payment
    2. No Private Mortgage Insurance*
    3. Lower credit score requirements
    4. Limitation on closing costs
    5. Lower average interest rates

    *More information on VA Home Loan Fees

     Bottom Line

    The best thing you can do today to celebrate Veterans Day is to share this information with those who can benefit from these opportunities. For more information, or to find out how to qualify to use a VA Home Loan Benefit, let’s get together to navigate through the process. Thank you for your service!

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    Danny Cheung

    I spent over twenty five (25) years with the Department of Defense in the hardware/software design and development as well as program management prior to joining the Group in a full time capacity. I am thrilled to put my years of experience as an Electronics Engineer to assist and lead our Real Estate Group to the next level. I am committed to establishing the tools and resources necessary for our team members to work more seamlessly and effectively thus ensuring our clients full satisfaction. My wife and I have two daughters and a dog (he's more like our son). I enjoy travelling and watching sports especially football…Go Skins!

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