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Our military personnel do a great deal for our country, and one of the ways the government thanks them for their service is with the VA loan program, which allows both past and current military personnel a better option for financing.
Originally established in 1944 as part of the Servicemen's Readjustment Act, a VA loan is available for any individual who has served in active duty in any branch of the U.S. military for a minimum of 90 days, and it has helped millions of people and their families purchase a home.
In addition to servicemen and servicewoman, non-active duty personnel, such as individuals in the Army Reserves or National Guard, may apply for a VA-backed mortgage, provided they have completed six years of service. The spouses of deceased or missing military members are also eligible if they have not remarried.
The ma...
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