Hal's Mortgage Blog

The volume of VA Home Loans has increased 135% since 2007. It's no wonder - Veterans and active duty servicemembers can buy a home with no money down. This is indeed a powerful benefit.

In 2010 nearly 90% of the VA loans funded were no down payment loans. Most people, especially younger people and first time homebuyers, don't realize what a benefit that can be. It may be the difference between being able tp buy your first home or having to wait.

It is well known that VA loans have the lowest rate of foreclosure of any loan on the market. However it is intersting to note that of 24 million veterans in the US, fewer than 13% have taken advantage of the program.

Even more surprising, according to a 2004 report conducted by the VA, 20% of veterans are not even aware that the program exists. There is no doubt that the VA Loan program has served as a springboard to homeownership for more than 18 million veterans since its inception in 1944.

Today, the VA loan program is more important than ever for those who have served our country.