The Majority of Veterans Are Unaware of a Key VA Loan Benefit

For nearly 80 years, VA home loans have helped countless Veterans achieve the dream of homeownership. However, recent insights from Veterans United reveal that only 3 in 10 Veterans know they may qualify to buy a home without a down payment.

This underscores the importance of awareness around this valuable program. Veterans, and anyone who supports them, should understand these resources that make the journey to homeownership easier – ensuring that life-changing plans don’t get delayed. As Veterans United explains:

“The ability to buy with 0% down is the signature advantage of this nearly 80-year-old benefit program. Eligible Veterans can buy as much house as they can afford, all without the need to spend years saving for a down payment.”

The Advantages of VA Home Loans

VA home loans are specifically designed to make homeownership attainable for those who have served. Here are the key benefits, according to the Department of Veterans Affairs:

• No Down Payment Required: A standout benefit is the ability for eligible Veterans to buy a home with no down payment, making it easier to take that first step into homeownership.

• Limited Closing Costs: VA loans limit the types of closing costs Veterans must cover, helping to keep more money in your pocket when you’re ready to finalize the sale.

• No Private Mortgage Insurance (PMI): Unlike many other loan types, VA loans don’t require PMI, even with lower down payments. This results in lower monthly payments and significant savings over time.

Your team of real estate professionals, including a local agent and a trusted lender, is your best resource for understanding the options and advantages available to help you reach your homebuying goals.

Bottom Line

Homeownership remains a cornerstone of the American Dream, and VA home loans offer a powerful opportunity for those who have served our country. Partner with a real estate professional to ensure you have the information and support you need to make confident, informed decisions in today’s housing market.