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

The Majority of Veterans Are Unaware of a Key VA Loan Benefit Simplifying The Market For over 79 years – Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership. But according to Veterans United – only 3 in 10 Veterans realize they may be able to buy a home without needing a down payment (see visual below): a group of people in circlesThat’s why it’s so important for Veterans – and anyone who cares about a Veteran – to be aware of this valuable program. Knowing about the resources available can make the path to homeownership easier and keep life-changing plans from being put on hold. 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 designed to make homeownership a reality for those who have served our country. These loans come with the following benefits according to the Department of Veterans Affairs:
  • Options for No Down Payment: One of the biggest perks is that many Veterans can buy a home with no down payment at all – making it simpler to get started on your homebuying journey.
  • Limited Closing Costs: With VA loans – there are limits on the types of closing costs Veterans have to pay. This helps 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 means lower monthly payments – which adds up to big savings over time.
Your team of expert real estate professionals – including a local agent and a trusted lender – are the best resource to understand all the options and advantages available to help you achieve your homebuying goals.

Bottom Line

Owning a home is a key part of the American Dream – and VA home loans are a powerful benefit for those who’ve served our country. Work with a real estate professional to make sure you have everything you need to make confident decisions in the housing market.

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