"Like so many Veterans, I wouldn't have been able to achieve the American Dream of homeownership were it not for the VA Home Loan benefit. The VA created the Home Loan program in 1944 to help returning World War II Veterans transition to civilian life. It remains one of the most successful government programs in our nation's history. Since its inception, it has helped more than 28 million Veterans and Service Members become homeowners."
"But in today's housing market, with rising prices, tight inventory, and the need for upfront costs like earnest money deposits and closing fees, that promise feels out of reach for too many Veterans, Service Members, and their families. Contrary to what some might think, the challenge for most Veterans isn't making the monthly payment. Many have strong credit and steady income, but the real barrier is cash savings."
Veterans Day evokes reflection on service, family, and the transition to civilian life where homeownership often symbolizes stability. The VA Home Loan program, established in 1944, has helped over 28 million Veterans and Service Members obtain homes and is credited as a highly successful federal benefit. Current market conditions — rising prices, limited inventory, and upfront costs such as earnest money deposits and closing fees — create the primary obstacle for many eligible Veterans. Many Veterans qualify on credit and income but lack the necessary cash savings. NewDay USA pursues a mission to expand access to homeownership for Veterans.
Read at www.housingwire.com
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