Gen Z veterans and service members have emerged as key players in the housing market, demonstrating a remarkable 459% surge in VA refinance loans while tripling their market share in VA purchases to 12%. Although millennials continue to dominate the VA loan scene, the growth among Gen Z illustrates the effectiveness of VA benefits. Concentrated in military hubs like San Antonio and Virginia Beach, these young buyers are making impactful strides in homeownership, aware of the advantages of a 0% down mortgage in the current economy.
Gen Z veterans are leading borrower activity with a 459% increase in VA refinance loans, proving the VA loan benefit's powerful impact on young buyers.
This momentum indicates that young Veterans are confidently navigating the housing market, leveraging the VA loan program to overcome obstacles in their homebuying journey.
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