"Uncovering the Hidden Benefits: Zero Down Payment VA Home Loans for Veterans"
Many veterans are unaware of the benefits of VA home loans, which allow them to purchase a home with no down payment and attractive interest rates. Only 3 in 10 veterans know about this option, according to a survey. The VA home loan program, created in 1944, has helped over 24 million veterans become homeowners. However, only around 24% of eligible homeowners are utilizing their VA loan benefits. Lack of awareness and misconceptions about longer closing times may be contributing factors. VA loans have helped narrow the homeownership gap for communities of color.