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Author : Anonim
Publisher : Unknown
Page : 32 pages
File Size : 46,8 Mb
Release : 1992
Category : Government lending
ISBN : UIUC:30112105191214
Author : United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing
Publisher : Unknown
Page : 582 pages
File Size : 41,7 Mb
Release : 1954
Category : Housing
ISBN : LOC:00159545738
Author : Anonim
Publisher : Unknown
Page : 36 pages
File Size : 50,7 Mb
Release : 2007
Category : Government lending
ISBN : PURD:32754073529020
Author : Anonim
Publisher : Unknown
Page : 8 pages
File Size : 52,5 Mb
Release : 2012
Category : Mortgage loans
ISBN : RUTGERS:39030042610990
Author : United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs
Publisher : Unknown
Page : 66 pages
File Size : 42,8 Mb
Release : 1985
Category : Housing
ISBN : STANFORD:36105005947788
Author : United States. General Accounting Office
Publisher : Unknown
Page : 48 pages
File Size : 54,5 Mb
Release : 1989
Category : Loans
ISBN : UIUC:30112033992568
Author : United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs
Publisher : Unknown
Page : 84 pages
File Size : 54,9 Mb
Release : 1986
Category : Housing
ISBN : UCR:31210024958728
Author : Libby Perl
Publisher : Createspace Independent Pub
Page : 46 pages
File Size : 54,7 Mb
Release : 2013-02-12
Category : History
ISBN : 1482528045
The Department of Veterans Affairs (VA) has assisted veterans with homeownership since 1944, when Congress enacted the loan guaranty program to help veterans returning from World War II purchase homes. The loan guaranty program assists veterans by insuring mortgages made by private lenders, and is available for the purchase or construction of homes as well as to refinance existing loans. The loan guaranty has expanded over the years so that it is available to (1) all veterans who fulfill specific duration of service requirements or who were released from active duty due to service-connected disabilities, (2) members of the reserves who completed at least six years of service, and (3) spouses of veterans who died in action, of service-connected disabilities, or who died while receiving (or were entitled to receive) benefits for certain service-connected disabilities. Under the loan guaranty, the VA agrees to reimburse lenders for a portion of losses if borrowers default. Unlike insurance provided through the Federal Housing Administration (FHA) insurance program, the VA does not insure 100% of the loan, and instead the percentage of the loan that is guaranteed is based on the principal balance of the loan. Veterans who enter into VA-guaranteed loans must pay an up-front fee based on a number of factors that include the type of loan entered into (for example, purchase or refinance), whether service was active duty or in the reserves, whether the loan is the first or subsequent VA loan a borrower has entered into, and the amount of down payment. Borrowers are not required to make a down payment for a VA-guaranteed loan, but the up-front fee is reduced if there is a down payment of 5% or more. Most borrowers (88% in FY2011) do not make a down payment. In addition to guaranteeing loans from private lenders, the VA also makes direct loans to borrowers in certain circumstances. The original VA direct loan, which was targeted to veterans in rural areas, is now available only to veterans or service members with certain service-connected disabilities. Another direct loan program, originally enacted as a demonstration program in 1992, serves Native American veterans, including veterans living in American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. In addition, the VA may enter into direct loans in cases where a borrower is delinquent or defaults on a VA-guaranteed loan. The VA may either acquire a loan from a lender and continue servicing itself (called “acquired loans”) or, in cases of foreclosure, the VA may purchase the property and resell it. In these cases, the VA may enter into a loan with a purchaser whether he or she is a veteran or not (called “vendee loans”). A third way in which the VA provides housing assistance to both veterans and active duty Service members is through the Specially Adapted Housing (SAH) Program. Through the SAH program, veterans with certain service-connected disabilities may obtain grants from the VA to purchase or remodel homes to fit their needs. The amount of a grant depends on the disability, and in some cases grants can be used to modify the homes of family members with whom veterans or service members are staying. This report discusses these three types of housing assistance—the loan guaranty program, direct loan programs, and Specially Adapted Housing program—their origins, how they operate, and how they are funded. The report also has a section that discusses the default and foreclosure of VA-guaranteed loans.
Author : Chris Birk
Publisher : Unknown
Page : 350 pages
File Size : 46,6 Mb
Release : 2020-02-18
Category : Electronic
ISBN : 9798615454608
For 75 years, the VA loan program has helped U.S. service members and their families achieve the dream of homeownership. Today, in the wake of the subprime mortgage meltdown and ensuing foreclosure crisis, this no-down payment loan is more important than ever. VA loans have emerged as a lifeline for veterans and active duty personnel who understand their unmatched safety and buying power. The Book on VA Loans takes service members and their families on an insider's journey into VA loans, from credit scores and interest rates to the unique opportunities and challenges of this long-cherished program. Readers get insider tips and expert advice from the country's largest dedicated VA lender, Veterans United Home Loans. They also receive a buyer-friendly education in a sometimes complicated world that can trip up even seasoned real estate veterans.Featuring simple, straightforward language and voices of previous VA borrowers, this resource helps ensure service members are in the best position possible to maximize the benefits earned by their service.
Author : United States. n.d.ss. House. Veterans' Affairs Committee
Publisher : Unknown
Page : 376 pages
File Size : 53,9 Mb
Release : 1957
Category : Electronic
ISBN : STANFORD:36105045628265
Author : Anonim
Publisher : Unknown
Page : 24 pages
File Size : 50,7 Mb
Release : 1956
Category : Mortgage loans
ISBN : STANFORD:36105122893378
Author : United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs
Publisher : Unknown
Page : 166 pages
File Size : 49,8 Mb
Release : 1983
Category : Veterans
ISBN : STANFORD:36105045632762
Author : United States. Congress. Senate. Committee on Banking and Currency
Publisher : Unknown
Page : 100 pages
File Size : 50,7 Mb
Release : 1957
Category : Mortgages
ISBN : LOC:00134400584
Considers legislation to authorize direct loans for veterans housing in small cities and rural areas and to permit National Service Life Insurance Fund to finance direct loans for veterans housing.
Author : United States. Congress. House. Veterans' Affairs Committee
Publisher : Unknown
Page : 72 pages
File Size : 45,8 Mb
Release : 1971
Category : Electronic
ISBN : STANFORD:36105045628299
Author : United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs
Publisher : Unknown
Page : 120 pages
File Size : 53,9 Mb
Release : 1982
Category : Loans
ISBN : PURD:32754078107442