A mother and her son are hugging in their living room. The mother is wearing a military uniform.
Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.
This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans.
Facts About VA Home Loans:
- Nearly 24 million home loans have been guaranteed by the Veterans Administration.
- Nearly 82% of VA home loans are made with no down payment.
- The VA also provides grants to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs. Last year the VA provided 2,000 grants totaling $104 million.
Benefits of a VA Home Loan:
- No down payment
- No Private Mortgage Insurance*
- Lower credit score requirements
- Limitation on closing costs
- Lower average interest rates
*More information on VA Home Loan Fees
Bottom Line
The best thing you can do today to celebrate Veterans Day is to share this information with those who can benefit from these opportunities. For more information, or to find out how to qualify to use a VA Home Loan Benefit, let’s get together to navigate through the process. Thank you for your service!
Will Home Prices Rise In 2019
What is Important to Boomers when Selling their House
What is Important to Boomers when Selling their House? If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer...
The Feeling You Get from Owning Your Home – Utah Realty
The Feeling You Get from Owning Your Home We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones. No matter what shape or size your living space is, the concept...
Top 5 reasons to own a home
June is National Homeownership Month
Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home?
Housing Affordability Index Today
The Ultimate Truth about Housing Affordability Courtesy of Marty Gale Utah Realty There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the...
Utah Realty – Utah is Number Three with New Homes Built
Utah Realty – 2 Things You Need to Know to Properly Price Your Home
2 Things You Need to Know to Properly Price Your Home In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high...
Remember Our Fallen Heroes
All Gave Some. Some Gave All. The Memorial Day of May 27th 2019 We remember, today and always.
Utah Realty Blog of the day – Impact of home staging
The Impact Staging Your Home Has On Your Sale Price. Utah Realty educational blog of the day Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that...