After the end of World War II, President Roosevelt felt the need to provide returning service men and women with assistance in transitioning between "war life" and "home life." The VA Loan program provided returning servicemen and women the opportunity to buy a home. A VA Loan is a mortgage issued by approved lenders and guaranteed by the federal government. It allows eligible military service members and veterans to either refinance up to 100% of their home or purchase a new home with zero down. But what makes one eligible for a VA Loan? Read the full story on Military.com.
Basic Training: VA Loans Explained
Week of May 07, 2012