Have you ever taken a VA loan? Do you know anyone who has a VA loan? If so, you are probably aware of the bragging rights associated with the benefits of a VA loan. These loans are guaranteed by the Department of Veterans Affairs (VA) and was made available in 1944 as part of the Servicemen’s Readjustment Act for the purpose of providing housing benefits to active duty personnel. Perks have changed over the years to include more options and more qualification opportunities. It should be because these are great loans and very small tokens of appreciation to those who serve our country.
As we prepare to celebrate Veterans Day this Friday, let’s take a look at this important benefit.