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:

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: 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:

Related Loans Articles Subscribe to RSS

2000 dollar loan- Truly valuable fund that will help your fiscal problems
Published by Kelin Smith on June 6th 2012 | Loans
Once you avail 2000 dollar loan, it is quite flexible for you to obtain quick funds and overcome any...
Loans in minutes- Get instant funds with these loan services
Published by Adam Felix on July 4th 2012 | Loans
If you are acquiring instant funds via loans in minutes, you can also easily overcome unexpected fis...
Axis bank home loan
Published by Moneylaxmi on December 16th 2011 | Loans
We Will Assist you To Complete your dream of own home by providing home loan from Axis, India’s le...
1000 loan no credit check- Get instant money within 24 hours
Published by Adam Felix on July 24th 2012 | Loans
If you are taking 1000 loan no credit check, it is sure that you can be able to lessen unexpected fi...
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...
Buying a new car for using a car loan calculator
Published by Mark Fulton on January 20th 2012 | Finance
Car loan calculator is a intelligent device that has been formed to make car loan applications simpl...
Speed loan: Speed matters with quick individual safe loan
Published by Ian Foster on January 10th 2012 | Loans
Speed loan is connected with loans with chief difficulty and lenders assumed a cumbersome process to...
Ten dollar payday loan- Small fund but useful for you!
Published by Addison Maddy on March 24th 2012 | Loans
As online lenders offer only small fund, the ten dollar payday loan can be availed without any hassl...
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...
I Need 100 Dollars Now - Small loan with easy repayment option
Published by Jacob Madox on June 25th 2012 | Loans
If you are taking quick cash via “I Need 100 Dollars Now” loan, you can instantly meet cash cris...
300 cash loan- Useful cash solution for US borrowers
Published by Kenim Wids on April 18th 2012 | Loans
If you avail 300 cash loan, you may easily fight against any financial crisis without any hassle....
Direct Deposit Loans-Very valuable loan to meet cash crisis
Published by Rex Moshe on December 12th 2011 | Loans
For getting rid of any financial issues, you need to apply for direct deposit loans with simple onli...
1 month loan: Quench your Thirst of Finance Easily
Published by Jaken Smeth on July 24th 2012 | Loans
If you are willing to quench your thirst of borrowing money fast, 1 month loan is ready to assist yo...
Small loans- Hassle free loan to meet urgent fiscal needs
Published by Belvin Kohli on June 5th 2012 | Loans
By availing quick cash via small loans, you have the right option to meet any unexpected fiscal need...
2000 loan online no fax- Ultimate fiscal plan for American who needs instant funds
Published by Baldwin Will on May 16th 2012 | Loans
If you avail quick cash through 2000 loan online no fax, you may easily fight against any fiscal eme...
Getting an easy loan to fulfill your dream of buying a property
Published by Rkweb on July 5th 2012 | Loans
There are various financial institutions across the country that have been rendering useful and valu...
No faxing payday loan: Money Approved with Easy Features
Published by Albann James on May 9th 2012 | Loans
No faxing payday loan is the monetary assistance that is approved without collateral and no credit v...
90 day loan- Perfect fiscal solution to meet sudden financial needs
Published by Thoms Stuart on July 3rd 2012 | Loans
By availing 90 day loan, it is sure that you can easily get rid of any fiscal worries without any ha...
60 day loans- Take loan comfortably to meet cash hurdles
Published by Karen Rase on July 3rd 2012 | Loans
If you are availing 60 day loans, you have the right option to fight against financial emergencies. ...
Installment payday loans- Great beneficial loan option for everyone!
Published by Albert Bells on July 19th 2012 | Loans
Nowadays, installment payday loans are available with attractive loan quotes online. So, you can eas...