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Finance
Department of Veterans Affairs (VA)
Banking
VA Loan
Posted >1 y ago
Responses: 5
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This is great info to share, Sir. Please let me be the first to say it: VA is not giving you money. They are backing your ability to pay the bank back in order to help you secure more favorable terms.
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SGT Dave Brimmer, MS, MPA
CH (MAJ) Luke Phillips - Sir, I get asked that question dozens of times a year. I think it's because people colloquially refer to it as the "VA Home Loan." Nonetheless, it's a darn good benefit of our service.
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CH (MAJ) Luke Phillips ,
Thank you for this awesome share! We are approaching that decision soon.
Thank you for this awesome share! We are approaching that decision soon.
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SSG Derrick L. Lewis MBA, C-HRM
CH (MAJ) Luke Phillips ,
I will most certainly be reaching out, thanks in advance.
I will most certainly be reaching out, thanks in advance.
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It's actually not guaranteed. I've been trying myself. Yes, I'm working hard to improve my credit. So the VA doesn't tell all that has a honorable discharge about this.
I got out of the Navy thinking it was a 100% guarantee. So at least the VA explained it all to me.
I got out of the Navy thinking it was a 100% guarantee. So at least the VA explained it all to me.
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