Island Home Loans Blog

VA Home Loans photo of a Home with American Flag in front

VA Home Loans: Helping Heroes Find a Home

In the United States, there are many valuable benefits available to Veterans, including VA home loans. On Veterans Day, we honor those all who have served our country and thank you for your continued dedication to our nation. For over 75 years, Veterans Administration home loans have provided millions of Veterans and their families the opportunity to purchase their own homes.

As we consider the full impact of VA home loans, it’s important to both understand these great options for Veterans and to share them with those we know who may be able to benefit most. For a variety of different reasons, many Veterans don’t use their VA home loan options, so being knowledgeable about what’s available and how they work may be a game-changer for many.

Facts about 2019 VA Homeloans (most current data):

  • 624,546 home loans were guaranteed by the Veterans Administration.
  • 306,879 VA home loans were made without a down payment.
  • 2,055 grants totaling $118 million were provided to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs.

VA Home Loans Often Offer:

  • No down payment options as long as the sales price isn’t higher than the home’s appraised value.
  • Better terms and interest rates than loans from other lenders.
  • Fewer closing costs, which may be paid by the seller.
Bottom Line

Share this information with those who can potentially benefit from these loan options. Let’s connect today to discuss your questions about VAHome Loan benefits. Thank you for your service!