VA Loan Program May Be Letting Veterans Down

A shortage of home appraisers is gumming up the works.

 

One of the promises we make members of the military is that in exchange for their service, we promise to ease their transition back into civilian life when the time comes. For over seven decades, a major element of that deal has been the VA loans that veterans can use to buy a home.

These loans require no money down and can be obtained with much lower credit scores than other mortgages. But the much-vaunted program, which began under the GI Bill of 1944, has hit a snag.

The Mortgage Bankers Association recently warned the Department of Veterans Affairs that the program may be hurting the very vets it was designed to help.

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Posted by on October 6, 2017, With 0 Reads, Filed under Veterans Affairs (VA). You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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