The GI Bill made it possible for United States veterans to purchase federally insured or guaranteed homes with no down payment. Thus, the VA Home Loan Program gave home ownership assistance to millions of veterans and their families.
The dream of home ownership became a reality for veterans in 1944 when the official VA Home Loan Program, originally known as the Servicemen's Readjustment Act (or GI Bill of Rights), was signed into law by President Franklin D. Roosevelt.
The GI Bill made it possible for United States veterans to purchase federally insured or guaranteed homes with no down payment. Thus, the VA Home Loan Program gave home ownership assistance to millions of veterans and their families.
Since then, the VA home loan has been extremely popular and has been leveraged to benefit more than 25.5 million veterans and military service personnel eligible for VA financing.If you're ready to apply for your VA Loan benefits, make sure you've prepared well enough to be approved quickly. With your VA Home Loan, it literally pays to be prepared.
When you're approved without complication for your VA new home loan, you'll experience no delays, no missed deadlines which can incur late fees, and no missing out on your best mortgage rate or on getting the house you want, now.
A simple checklist of items to bring when you fill out your mortgage application, will help you to complete your VA home loan application the first time around:
For self-employed veterans, you will need to provide personal tax returns for the past two years, current income statement and balance sheet for the business.
