The VA Home Loan is a benefit earned by Active-Duty Service Members, Veterans, National Guard members, Reserve members, and eligible surviving spouses. In 1944, Congress passed the Serviceman’s Readjustment Act, also known as the GI Bill. The Department of Veterans Affairs Loan Guaranty Program (VA loan) was established as part of the bill. Today, the VA home loan still exists as a financing option for qualified Active-Duty Service Members, Veterans, National Guard members, Reserve members, and eligible surviving spouses for their purchase or refinancing of a home. In addition, there are other groups and categories of consumers that may be eligible for VA Lending that are not listed here. In all things VA Home Loan related, we highly recommend that regular consultation of the VA Benefits site: https://www.benefits.va.gov/homeloans/index.asp.
We also recommend that you connect with a local broker who is a VA Loan Expert in our Broker Directory, look out for the VA HOME LOAN EXPERT badge: