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  • Home Loans
    VA Loan Guide
    The VA program is one of the few remaining no-down payment programs in the market. Learn all about using your VA loan benefit.
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    VA Home Loan: Do You Have What it Takes?
    Military.com
    There are five categories for eligibility. Your eligibility is based on you military service. Do you meet the criteria?
  • Home loan signature line.
    Starting the Loan Application Process
    Military.com
    Once you've determined that you are eligible for a VA home loan, you can begin the loan application process, which includes six...
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    VA Loan Limits for High-Cost Counties 2017
    Military.com
    The VA loan limit for 2017 is $424,100. But it could actually be substantially more if you buy a home in a high-cost county. Se...
  • Family outside suburban house.
    VA Financing & Mortgages Options
    Military.com
    The VA guarantees a variety of home loans. There are two basic types of loans with two additional options that are appealing to...
  • White suburban home.
    IRRRL Facts for Veterans
    Military.com
    IRRRL stands for Interest Rate Reduction Refinancing Loan,also known as a "Streamline" or a "VA to VA" loan.
  • gray home
    What Is a VA Guaranteed Home Loan?
    Military.com
    If you want to purchase or refinance a home, condominium or manufactured home, the VA can guarantee up to $417,000 of the total...
  • military family in front of house
    Top 3 VA Home Loan Tips
    Military.com
    We've scoured the Internet to find the 3 most helpful tips to help you take advantage of this exclusive benefit.
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    VA Loan Forms
    Military.com
    In order to receive your Certificate of Eligibility for VA loan benefits, you will need to submit your request for a Certificat...
  • big gray house
    6 Unbeatable Benefits of VA Loans
    Veterans United Home Loans|
    Here's a look at six of the biggest, most unbeatable benefits of the VA home loan.

VA Loans Have Lowest Foreclosure Rate

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Most home loan lenders are willing to work with VA, but there are rare exceptions that look on them negatively for one reason or another. While it may not be advisable to work with them at all, if you do there's new supporting evidence that shows VA loans are a far safer bet than anything else on the market. New statistics released by the Mortgage Bankers Association's National Delinquency Survey show that veterans using VA loans have the lowest foreclosure rate in the United States.

The National Delinquency Survey bases its sample on about 41 million mortgage loans which represents roughly 88% of the market. Each loan is separated into a specific category (prime, subprime, VA, and FHA), so the evidence is clear-cut. VA-guaranteed loans have a foreclosure rate of only 1.98% and have enjoyed the lowest foreclosure rate for five years. Even prime loans, which have very strict credit and underwriting requirements, have been bested with a foreclosure rate of 2.47%.

Chris Coy, Deputy Under Secretary for Economic Opportunity for VA, stated in a press release that, "A key contributor to VA retaining the lowest foreclosure rate over the last five years is its loan servicing efforts. VA and its partnering loan servicers review all home loans during default to ensure that all appropriate home retention options have been explored."

This information is yet another sign that most veterans, with a little bit of assistance where needed, are responsible, hard working, and continue to make strong contributions to the nation well after their service has ended.

If you're looking for information on avoiding foreclosure with your VA loan, check out the following articles:
Avoiding Foreclosure: VA Has the Tools to Help
VA Loan Foreclosure? Call a Regional Loan Center
VA Loan Foreclosure Facts

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Featured VA Loan Articles

  • VA Loan Closing Costs: An Added Benefit
    Besides the advantage of requiring no down payment for qualified VA borrowers, there's also a distinct advantage for the borrow...
  • White suburban home.
    IRRRL Facts for Veterans
    Military.com
    IRRRL stands for Interest Rate Reduction Refinancing Loan,also known as a "Streamline" or a "VA to VA" loan.
  • US Map Showing High Cost Counties
    VA Loan Limits for High-Cost Counties 2017
    Military.com
    The VA loan limit for 2017 is $424,100. But it could actually be substantially more if you buy a home in a high-cost county. Se...
  • Get the FAQs on VA Home Loans
    We've answered 16 of the most frequently asked VA Loan Benefit questions. View them now to get a quick understanding of your be...
  • Top 3 VA Home Loan Tips
    There are numerous advantages to having a VA mortgage. A VA mortgage loan can be guaranteed with no money down, in some cases u...
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