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

Get a loan now- Easy Loans for Those with Poor Credit Score
Published by Ryan Harten on February 27th 2012 | Loans
Get a loan now provides you with a safe route to end the financial crises in your life. Easy applica...
 
Advance cash loans- Small cash loan available online
Published by Rex Moshe on April 4th 2012 | Loans
By getting quick cash via advance cash loans, you have option to fulfill immediate financial needs....
 
Small loans bad credit- Useful and reliable loan deal for you
Published by Beidhi Ceeper on June 1st 2012 | Loans
By acquiring quick cash via small loans bad credit, you can easily fulfill your financial worries....
 
Get a loan less than 24 hours- Critical fiscal support to US borrowers
Published by Abell Bush on May 21st 2012 | Loans
The sanctioned amount of funds which taken from this loan can be useful to manage financial worries....
 
Instant loans for people on benefits: Best Rescue for Physically Challenged Folks
Published by Malvin Flec on July 13th 2012 | Loans
Instant loans for people on benefits are the awesome cash deals for those who are suffering from any...
 
Without proper student loan help defaulters might be in a mess
Published by Peter Paul on December 15th 2011 | Finance
Default of student loans might cause immense problems in the life of a student. At times, things mig...
 
No telecheck payday loans- Perfect choice of loan for borrowers
Published by Johnty Bert on May 23rd 2012 | Loans
By taking No telecheck payday loans, you are no longer need to wait for next salary since the funds ...
 
Personal Instalment loan Bad Credit – Availing Cash with Bad Credit is Possible
Published by Astor Roy on November 26th 2011 | Loans
This personal instalment loan bad credit scheme is only offered for the USA people who stay in USA a...
 
Deal with professionals for the best car loan interest rates
Published by Julia Bennet on June 14th 2012 | Loans
Are you thinking about buying a new car and need a loan for that purpose? The good news is that gett...
 
Secure payday loans- Something very special loan to overcome fiscal woes
Published by Richard Abbe on January 4th 2012 | Loans
With the assistance of secure payday loans, it is quite possible for you to overcome cash hurdles wi...
 
Payday installment loan- Flexible way to obtain quick cash
Published by Alesia Ace on May 19th 2012 | Loans
Anyone can avail payday installment loan without any hassle. This loan is the perfect financial solu...
 
Advance Cash USA - loan with unbelievable offers
Published by Carran Darnel on May 26th 2012 | Loans
By getting quick cash via Advance Cash USA, you have the provision to fight against fiscal worries w...
 
Private school loan for bad credit- Ultimate way to gain valuable money
Published by John Simen on July 11th 2012 | Loans
By availing quick funds through private school loan for bad credit, you can manage financial needs o...
 
Small loans with bad credit- Useful loan for bad credit scorers
Published by Astor Roy on May 21st 2012 | Loans
By acquiring good sum of funds via Small loans with bad credit, you can overcome instant needs of fu...
 
Instant loan today- Get money and repay loan on the next payday!
Published by Aldenn James on November 29th 2011 | Loans
If you want instant money then you need to apply instant loan today available online. This is a grea...
 
Cash loan no bank account- Have cash without bank account
Published by David King on January 5th 2012 | Loans
Cash loan no bank account can give you a new lease of life when you are in need of cash but have no ...
 
No fee loans: Get out of All Obstacle to Fetch loan
Published by Jaren Lese on June 5th 2012 | Loans
If you have nothing with you and you want to borrow money, you can go with no fee loans where no app...
 
Short term bad credit loans- Unique cash loan for bad credit people
Published by Alex Abigil on April 19th 2012 | Loans
If you avail quick cash via short term bad credit loans, you can improve your credit status....
 
Long term payday loans- Easy payday loan available online
Published by Freddie Lee on June 19th 2012 | Loans
By availing quick funds from long term payday loans, you may be able to resolve any financial crisis...
 
6 month loan: Get into a Loan Support over a Period of 6 Months
Published by Daren Rely on May 22nd 2012 | Loans
6 month loan is the advance type of cash support for all UK based populace who are not able to deal ...