Military veterans have access to low-interest home loans through the U.S. Department of Veterans Affairs (VA). The VA has said it backed a record-breaking 1.2 million loans in 2020, and a new study suggests it’s already on pace to break that record again in 2021.
Average consumers and military veterans alike have been able to take advantage of home buying and mortgage refinancing while rates are low. VA refinancing loans were up 76% in the first half of 2021 compared to this time last year, and the demand for VA purchase loans increased by 10% during this same time period, according to a new study by Veterans United Home Loans. (more…)