Housing

When the housing market collapsed a few years ago, many people were left with homes and mortgages they could no longer afford.  Veterans and active duty military families were hit especially hard.  Military families move, on average, once every three years.  Many were accustomed to purchasing a home when they arrived at a new assignment and then selling it when they were transferred to a new posting.  Then, the balloon burst, and housing prices plummeted.  Military families and veterans found themselves stuck with houses that were worth a fraction of the purchase price.  They couldn’t sell and they were underwater on the mortgage.

VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. It 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.

VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

For more information please go to: http://www.benefits.va.gov/homeloans/

Page 2 of 2

This website has been prepared for general information purposes only. The information on this website is not legal advice. Legal advice is dependent upon the specific circumstances of each situation. Also, the law may vary from state-to-state or county-to-county, so that some information in this website may not be correct for your situation. Finally, the information contained on this website is not guaranteed to be up to date. Therefore, the information contained in this website cannot replace the advice of competent legal counsel licensed in your jurisdiction.

Privacy Policy | Terms of Use

feedback