Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Winning the War against Veteran Homelessness: a Basic Guide to VA Loans

By Virendra Smith Subscribe to RSS | June 8th 2012 | Views:
loading
 
  



They placed themselves on the line of fire, facing life-threatening dangers 24 hours day, 7 days a week, during the time of their active service. With this in mind, it is heartbreaking to learn that approximately 67,000 retired military personnel don’t have roofs over their heads on any given night. Approximately one in five homeless individuals is a veteran.

One way to address this is to educate military personnel about their eligibility for a VA loan. This home financing assistance was ratified by Congress in 1944 and as of today, it has helped approximately 18 million retired military men and women. However, a survey conducted among veterans showed that around 20% of them are not aware of their eligibility for the said monetary aid and less than 10% actually take advantage of this financial mechanism.

Who Are Eligible?

The Department of Veteran Affairs (VA) has listed several eligibility requirements for a veteran to be able to avail of a VA loan. Veterans who served for 90 days during wartime (WWII, Korean War, Vietnam War) and those who served for a minimum of 181 consecutive days during periods of peace are some of the veterans who are eligible for this financial aid. Active military personnel may also qualify depending on some requirements. A Certificate of Eligibility will be issued to you by the VA which you can show lenders. There are also a few financial requirements (i.e. good credit record) to qualify for the loan.

What Are the Benefits?

Of all the financial lending options in the market, VA loan is considered one of the best. Since the VA will guarantee to pay 25% of the loan, there’s no down payment asked from the borrower. They also offer very competitive fixed interest rates which can be negotiated. The repayment schemes are also very manageable and can be recalibrate if the borrower is facing financial difficulties without incurring any monetary penalties. These are just a few of the VA loan benefits that veterans should take advantage of.

No Veteran Should Live on the Streets

Time and time again, the members of the armed forces have been hailed as heroes and it is a shame that many of those who sacrificed their own safety and well-being end up homeless when they retire. An extensive information drive about VA loans will definitely aid these modern day heroes get the home they deserve.

Virendra Smith - About Author:
Valoandesk.com offers veterans loan at cheap interest rate. For more details click here

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/winning-the-war-against-veteran-homelessness-a-basic-guide-to-va-loans.htm

Related Loans Articles Subscribe to RSS

Short term loans for people on benefits – catching profits with tiny cash
Published by Andrewanthony on April 20th 2012 | Loans
Short term loans for people on benefits are short-term credit possibilities which will assist you me...
 
Things to consider while applying for a car loan
Published by Axisbank on February 23rd 2012 | Loans
A car loan is the ultimate financial tool that enables you in getting hold of the car of your dreams...
 
Unsecured debt consolidation loan: Payback all your debts by an individual loan
Published by Alan Poly on May 14th 2012 | Loans
Unsecured debt consolidation loan a economical company proovide some particular services before the ...
 
One month loan: Arrange Money Quickly for Short Period
Published by Kelse Roy on July 10th 2012 | Loans
If you need finance only for few days, one month loan would be the best option to arrange money quic...
 
Urgent cash loans- Get loan without using any lengthy formality
Published by Albann James on June 29th 2012 | Loans
If you are in need of urgent cash then it is better for you to avail urgent cash loans which are wid...
 
Instant loans no credit check- Apply loan and grab quick cash today!
Published by Gorgie Nork on May 23rd 2012 | Loans
By getting instant loans no credit check, it is sure that you will get instant funds up to $1500. Th...
 
Bad Credit Business loan: Get Rid of Your Credits Blues
Published by Jacob Markus on March 12th 2012 | Loans
A business loan can be very much helpful in fulfilling all your professional dreams. You can easily ...
 
Signature loans no credit check- Useful loan for bad credit people
Published by John Simen on July 10th 2012 | Loans
In fact, signature loans no credit check is a great fiscal solution for bad credit people who are de...
 
1000 cash loan- Right choice of financial support for borrowers
Published by Morgan Sadyu on April 3rd 2012 | Loans
If you have obtained quick funds for 1000 dollar with the assistance of 1000 cash loan, you have gre...
 
6 month loans online- No requirement of lengthy formality for taking loan
Published by Aldis Roy on June 25th 2012 | Loans
By acquiring quick cash via 6 month loans online, you can overcome fiscal worries without any delay....
 
Next day loans- Simply feasible loan offer for everyone!
Published by Beidhi Ceeper on June 5th 2012 | Loans
For availing quick fund, you should go for next day loans available online. This scheme offers to fu...
 
Same day loans- Quickest loan available in the financial market!
Published by Dalton Erwin on March 28th 2012 | Loans
If you are Australian and want to avail instant money, you can now apply for same day loans to get q...
 
Signature Loans- Unique loan against your signature!
Published by Adam Felix on May 5th 2012 | Loans
By getting instant funds via Signature Loans, you will be able to manage immediate or long-term fina...
 
Qualify for a restaurant loan with Visa/Mastercard
Published by Mathias Scott on May 14th 2012 | Loans
The restaurant business is a tough one considering the kind of competition one has. Being able to ra...
 
Dollar payday loans - Suitable loan service available online
Published by Kelin Smith on July 25th 2012 | Loans
By availing quick cash via dollar payday loans, you can utilize money for unexpected financial needs...
 
Personal Unsecured Loans: Security gratis loan with passive charge
Published by Steve Matthew on February 15th 2012 | Loans
Personal Unsecured Loan present online lenders at spirited charge secondly and if you pertain to ban...
 
3 month loan: Complete Any Requirement Now
Published by Kelse Roy on March 15th 2012 | Loans
3 month loan deal is the excellent way to arrange finance for any cash casualty and you would solve ...
 
Reasons to acquire secured online home improvement loan charge
Published by Ian Foster on January 25th 2012 | Finance
Home improvement loan give you a sanction once the customer will be able to get right away begin wo...
 
What accurately be a secured loan UK?
Published by Ian Foster on February 17th 2012 | Loans
Secured Loan has the fundamental principal in UK that it uses your house as security, usually as a s...
 
Payday loans Canada- Get quick cash in the form of loan now!
Published by Joen Henry on May 23rd 2012 | Loans
By taking quick cash from payday loans Canada, you have the facility to fulfill unexpected credit wo...