The VA home loan is one of the greatest benefits offered by the U.S. Department of Veteran Affairs, but how did it get started? A VA loan is a loan from a qualified independent lender that’s backed by the VA. The VA doesn’t actually lend money, but instead guarantees loans made to veterans and active-duty military in case of default. The pledge gives lenders the confidence they need to lend on low- or no-down payment home purchases. Beginning in 1944, during the height of World War II, … [Read more...]