I’ve always had a special place in my heart for serving military families, not just during National Military Family Month, around Veterans Day, and on our other patriotic holidays each year. I come from a hardworking military family.
My Dad is a Vietnam Veteran. My Uncle and my Grandfather also served in our military. My Grandmother was a real-life, Rosie the Riveter so, I have a family history with VA loans. That’s why they’re incredibly personal to me.
Since VA loans were first introduced, just after World War II, there have been some adjustments needed in order to make sure the program remained the great Veteran benefit it is today. And in 2020, their popularity and use has only increased.
Here are some quick and surprising stats on VA home loans from a recent article in Forbes.
What’s driving the increase? For one thing, our historically low mortgage rates are making it more attractive to buy right now.
Veterans are now becoming more aware of not only their home loan benefits but so is the community as a whole.
Here are Some Myths Associated with VA Home Loans
Plus, with rates as low as they are, current homeowners are flocking to lock in lower rates traditional refinances andVA cash-out refinances.
The core benefits of VA-backed loans are still pretty unbeatable if you’re eligible for the program. They have:
There are also multiple ways you can use a VA loan. They’re not just for new home purchases. In addition to using it to buy a new home or condo, you can use it to:
You can learn more about VA loan benefits and how to prove your eligibility at VA.gov.
I’m also happy to answer any specific questions you have about VA loans, your eligibility, and the documentation you need for the application.
Every Military Family Month, I reflect on ways I can help our Veterans, not just the Veterans in my family, but in my community too. I encourage you to check out each of these organizations below and consider how you can help Veterans right now and into the holidays.
Military.com has lots of other recommendations for volunteer projects that support both our Veterans and Active Duty service members this month and any time of year.
If you’re a Veteran and you’re interested in using your hard-earned and well-deserved VA loan benefit to buy a home or refinance your existing home, I’d love to help you! Give me a call at
480-313-7103 or email me at sam@mindfulmoneyusa.com. I’m happy to explain the ins and outs of the program and help you understand how you can best take advantage of it to realize your dream of homeownership and investment.
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