One Cool Thing – Benefits for Veterans and active-duty service member.
The Lawhead Team would like to share the latest “One Cool Thing” from the C.A.R. about VA home loans available for our veterans and active-duty service members.
Benefits for the Nation’s Heroes
The homeownership rate among veterans far outpaces that of civilians, according to Veterans United Home Loans. However, active duty military personnel often face challenges, due in large part in deployments. But there is good news for the nation’s heroes.
Veterans and active-duty service members are usually eligible for a VA home loan if they served in the following capacity:
- 90 consecutive days on active duty during wartime
- 181 consecutive days on active duty during peacetime
- 6+ years in the National Guard or Reserves
Veteran Affairs also offers foreclosure avoidance protection assistance for homeowners.
~500,000 veterans and servicemembers have avoided foreclosure since 2008 as a result of these efforts
Source: Veterans Affairs: Veterans United Home Loans
