Tight credit, tougher mortgage lending, and flat-lining wages have all breathed new life into the historic VA Loan Program. Veterans and military families are turning to these flexible, no-down payment loans like never before.
The Department of Veterans Affairs backed a record number of loans in fiscal year 2015, with volume expected to increase 36 percent over the next five years. Created originally to help World War II veterans get a foothold in the housing market, this hard-earned benefit has evolved into one of the most powerful mortgage options on the market.
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