Veterans Enterprise

Find us on Facebook  Find us on LinkedIn Follow us on Twitter Subscribe to our Newsletter Add our RSS

Font Size

Change Font Size

Articles

Home Articles / Online Magazine Articles Aid Programs VA Guarantees 20 Millionth Home Loan

TuesdaySeptember 19, 2017

VA Guarantees 20 Millionth Home Loan

VA Home Loan CentersVA’s Home Loan Program Continues to Lead Mortgage Industry

WASHINGTON – Today the Department of Veterans Affairs announced it has guaranteed 20 million home loans since its home loan program was established in 1944 as part of the original GI Bill of Rights for returning World War II Veterans. The 20 millionth loan was guaranteed for a home in Woodbridge, Va., purchased by the surviving spouse of an Iraq War Veteran who passed away in 2010.  

Given the current low interest rates, the program has grown significantly in the past five years, with 71 percent more purchases and 20 times as many refinances processed in fiscal year (FY) 2012 than in FY 2007.  Currently, there are 1.7 million VA guaranteed home loans in existence with a total value of $284 billion. VA has guaranteed 540,000 mortgages in 2012.

“The 20 millionth VA home loan is a major milestone and is a testament to VA’s commitment to support and enhance the lives of Veterans, Service members, their families and survivors,” said Allison A. Hickey, VA’s undersecretary for Benefits. “As a result of their service and sacrifice, as a group, they prove to be disciplined, reliable, and honorable—traits that are ideal for this kind of national investment.”

The program makes home ownership more affordable for eligible Veterans, Servicemembers, and surviving spouses by providing access to lower cost financing.  VA loans are also attractive within the mortgage industry because they protect lenders from loss if the borrower fails to repay the loan. 

Mortgages guaranteed by VA have had the lowest foreclosure rate for the last 17 quarters and the lowest delinquency rate for the last 14 quarters compared to all other types of home loans in the nation, including prime loans, according to a report by the Mortgage Bankers Association.

Much of the strength of VA’s home loan program stems from the efforts of VA employees and its industry partners nationwide to ensure Veterans receive every possible opportunity to remain in their homes and avoid foreclosure.  Since 2009, VA’s efforts have resulted in over $8 billion in savings to taxpayers in foreclosure avoidance.

Veterans may obtain a certificate of eligibility for a VA-guaranteed home loan through the joint Department of Defense—VA web portal eBenefits at www.ebenefits.va.gov.  To obtain more information about the VA Home Loan Program, visit the program’s home page at www.benefits.va.gov/homeloans


click here 04 30,2017 (22:39)  
click here Yes No   Your blogs are always interesting. I really like them.
 
Last edited on 04 30,2017 (22:43) by Guest
   
  Edit comment Delete comment Publish comment
ABC 04 30,2017 (22:41)  
abc Yes No   wow. i always come read your post feel amazing.  
   
  Edit comment Delete comment Unpublish comment
Shadow Fight 2 Hacks 06 13,2017 (12:10)  
Shadow Fight 2 Hacks Yes No   I found your post while searching for information about blog-related research ... It's a good post .. keep posting and updating information.  
   
  Edit comment Delete comment Unpublish comment
Diwali Wishes In Hindi 08 23,2017 (01:16)  
Diwali Wishes In Hindi Yes No   You make so many great points here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers.  
   
  Edit comment Delete comment Unpublish comment
ABC 04 30,2017 (22:42)  
abc Yes No   this si best web as far as i have seen. http://www.MOZ.COM
 
   
  Edit comment Delete comment Unpublish comment
click here 04 30,2017 (22:45)  
click here Yes No   This is very well written post. It is very clear and concise. I like the way it has been designed.  
   
  Edit comment Delete comment Unpublish comment
Top 3 Best Online Mattresses Review 05 01,2017 (06:45)  
Top 3 Best Online Mattresses Review Yes No   This is one of the best post i have seen.  
   
  Edit comment Delete comment Unpublish comment
trademark registration india 05 02,2017 (03:14)  
trademark registration india Yes No   Your blogs are amazing as well as informative. I like them for being concise and to the point.  
   
  Edit comment Delete comment Unpublish comment
jhons alex 05 05,2017 (14:41)  
company registration Yes No   I really like your style. This is too positive and constructive. This site is amazing. Amazing stuff. Keep doing this man.
 
   
  Edit comment Delete comment Unpublish comment
jhons alex 05 06,2017 (09:46)  
Swansea accountancy services Yes No   woah. Loving this article. This simplicity, this way of writing. Best piece of writing. :) stay blessed.
 
   
  Edit comment Delete comment Unpublish comment
 
Hide comment form Hide comment form
  • Bold
  • Italic
  • Underline
  • Stroke
  • Quote
  • Ordered List Unordered List
  • Smileys
  • :confused:
  • :cool:
  • :cry:
  • :laugh:
  • :lol:
  • :normal:
  • :blush:
  • :rolleyes:
  • :sad:
  • :shocked:
  • :sick:
  • :sleeping:
  • :smile:
  • :surprised:
  • :tongue:
  • :unsure:
  • :whistle:
  • :wink:
 
 
 
 
 

Submissions Welcome

Submit an article to our online magazine and website.

 

Add your event to our Job Fair Calendar

 

Upload a job posting to our Career Search Engine

Get Included in Inclusion

The companies and organizations seen here are specifically hiring people with your talents, background, and skills.

 

Check out our job postings and list of participating employers to find your perfect career today.

Our Diversity Family

Connect With Us

Find us on Facebook  Follow us on Twitter  Find us on LinkedIn

Subscribe to our Newsletter  Add our RSS

Proudly Connected

ZipRecruiter
VetCentral - Part of the US.jobs Family

EqualityMagazines.com

BECOME A DIVERSITY PARTNER

 

If you'd like to advertise with the Veterans Enterprise, and to learn more about the benefits of veteran recruiting, visit EqualityMagazines.com