Many people have heard of VA loans but don’t know exactly what they are or where they came from. A VA loan is a mortgage option available to veterans, active duty members and certain veteran spouses, to help them retain, obtain and adapt a home.
VA loans originated in 1944 as a way to benefit military men returning home from the war and boost the housing market and the economy. Main benefits of VA loans are zero down payment, more flexible underwriting guidelines and negotiable interest rates, among other things.
Take a look at this video for more information about the history and benefits of a VA loan.
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