If you are a Veteran, Could a VA Loan Help You?

VA LoansAs banks tighten lending standards, demand has increased tremendously in recent years for Veterans Affairs mortgages, known as VA loans.

The VA loan remains one of the few mortgage options for borrowers who don’t have down payments. Available to more than 22 million veterans and active military members, VA loans are somewhat easier to qualify for than conventional mortgages.

The U.S. Department of Veterans Affairs is not a direct lender. The loan is made through a private lender and partially guaranteed by the VA, as long as guidelines are met.

The VA has guaranteed nearly 500,000 loans this year, says John Bell, assistant director of loan policy at the VA. That’s 30 percent more than the number of VA loans issued last year and nearly three times the number of VA loans issued in 2008.

Written by Polyana da Costa

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If you are moving to the Katy Independent School District and looking for information on properties available for sale, please call Michelle Sturdevant at 713 572-5308.  
Michelle Sturdevant Realty Group


Categories: Houston Real Estate News, Real Estate Advice for Buyers

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2 replies

  1. Wow, this post is good, my sister is analyzing these kinds of things, therefore I am going to convey her.

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  1. WHAT IS A VA-GUARANTEED LOAN? | Kentucky VA Mortgage Home Lender

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