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Ken Burrows June 22, 2016

The history of the VA Loan

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...]

Filed Under: Veterans Tagged With: History of the VA loan, va benefits, VA Eligibility, VA Mortgage Loans

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