The Majority of Veterans Are Unaware of a Key VA Loan Benefit

<article class="post-1264718 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1264718"><span class="entry-date">November 11, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">The Majority of Veterans Are Unaware of a Key VA Loan Benefit</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=The+Majority+of+Veterans+Are+Unaware+of+a+Key+VA+Loan+Benefit&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fthe-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/the-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fthe-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit%2F&amp;src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fthe-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit%2F&amp;description=The+Majority+of+Veterans+Are+Unaware+of+a+Key+VA+Loan+Benefit" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://gilliggroup.com/blog/the-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit/?shareSlug%3Dthe-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: The Majority of Veterans Are Unaware of a Key VA Loan Benefit&amp;body=The Majority of Veterans Are Unaware of a Key VA Loan Benefit%0D%0Dhttps://gilliggroup.com/blog/the-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit/" target="_blank"><span class="force-hidden">Email</span></a>
</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="The Majority of Veterans Are Unaware of a Key VA Loan Benefit Simplifying The Market" decoding="async" loading="lazy" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241107/20241111-The-Majority-of-Veterans-Are-Unaware-of-a-Key-VA-Loan-Benefit-original.png" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
<p>For over 79 years, Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership. But according to <em>Veterans United</em>, only 3 in 10 Veterans realize they may be able to buy a home without needing a down payment (<em>see visual below</em>):</p>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241107/20241111-The-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit-original.png" rel="noopener noreferrer" target="_blank"><img alt="a group of people in circles" decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241107/20241111-The-majority-of-veterans-are-unaware-of-a-key-va-loan-benefit-original.png"/></a>That’s why it’s so important for Veterans – and anyone who cares about a Veteran – to be aware of this valuable program. Knowing about the resources available can make the path to homeownership easier and keep life-changing plans from being put on hold. As <em>Veterans United</em> explains:</p>
<blockquote><p><em>“The ability to buy with 0% down is the signature advantage of this nearly 80-year-old benefit program. Eligible Veterans can buy as much house as they can afford, all without the need to spend years saving for a down payment.”</em></p></blockquote>
<h4><strong>The Advantages of VA Home Loans</strong></h4>
<p>VA home loans are designed to make homeownership a reality for those who have served our country. These loans come with the following benefits according to the <a href="https://www.va.gov/housing-assistance/home-loans/loan-types/purchase-loan/" rel="noopener noreferrer" target="_blank"><em>Department of Veterans Affairs</em></a>:</p>
<ul>
<li><strong>Options for No Down Payment:</strong> One of the biggest perks is that many Veterans can buy a home with no down payment at all, making it simpler to get started on your homebuying journey.</li>
<li><strong>Limited Closing Costs:</strong> With VA loans, there are limits on the types of closing costs Veterans have to pay. This helps keep more money in your pocket when you’re ready to finalize the sale.</li>
<li><strong>No Private Mortgage Insurance (PMI):</strong> Unlike many other loan types, VA loans don’t require PMI, even with lower down payments. This means lower monthly payments, which adds up to big savings over time.</li>
</ul>
<p>Your team of expert real estate professionals, including a local agent and a trusted lender, are the best resource to understand all the options and advantages available to help you achieve your homebuying goals.</p>
<h3>Bottom Line</h3>
<p>Owning a home is a key part of the American Dream, and VA home loans are a powerful benefit for those who’ve served our country. Work with a real estate professional to make sure you have everything you need to make confident decisions in the housing market.</p>
</div>
</div></article>