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As the VA loan turns 80, its economic impact is in the trillions

Housing Wire

An analysis released Wednesday by Columbia, Missouri -based lender Veterans United Home Loans revealed that the home loan program through the U.S. Department of Veterans Affairs (VA) has contributed $3.9 The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22.

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Better launches fully digital VA loan with no minimum down payment

Housing Wire

Department of Veteran Affairs (VA) loans through its Tinman platform. We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire. Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said.

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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

million in VA loans, enough to become the top VA loan officer in the country, according to the Scotsman Guide. million in VA loans (77% of the total). Most of his loans this year, precisely 89%, were purchases. Most of his loans this year, precisely 89%, were purchases. Gade originated $165.4

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Voxtur rolls out attorney opinion letters for VA loans

Housing Wire

” The post Voxtur rolls out attorney opinion letters for VA loans appeared first on HousingWire. The industry group has also said alternatives to title insurance “pose an even greater risk to the housing finance system.”

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Will rising interest rates impact VA loans for first-time homebuyers?

Housing Wire

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated.

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VA Loans: Helping Veterans Achieve Their Homeownership Dreams

Keeping Current Matters

For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes. 2020 Data on VA Home Loans. 1,246,817 home loans are guaranteed by the Veterans Administration. The average VA loan amount totals $301,044. Thank you for your service.

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The Pros and Cons of VA Loans

RIS Media

VA loans can look very attractive if you are a veteran or in the military. Buyers need to know that VA loans have property condition… The post The Pros and Cons of VA Loans appeared first on RISMedia. Despite offering good terms, they might not be the best option for everyone.

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