Veteran Benefits Bill Ushers in VA Loan Changes
Updates will help surviving spouses, service members with disabilities, married military couples and more.
Some key changes to the VA home loan program are on the way now that a wide-ranging veteran benefits bill is on the books. President Obama signed the “Honoring America’s Veterans and Caring for Camp Lejeune Families Act” this week. A big part of the measure centers on health care coverage for people exposed to contaminated drinking water at Camp Lejeune. The law contains provisions on everything from homelessness and health to protests at military funerals. But some of the home loan changes will help surviving spouses, married military couples, single-parent service members and veterans with disabilities. Here's a look at what's ahead for prospective homebuyers: The VA applies to all loans a mandatory fee that helps keep the no-down …
albert
2:02 am on Wednesday, November 7, 2012
VA loans are made by private lenders. Banks, mortgage companies, other lenders and other resources are the ones who put up funds for service members to purchase a home.That is one of the benefit provides by the Veterans program that is it does not required Down payment. business loans for veteran more ›