fbpx

Finance World: Veterans often struggle to buy homes with a VA loan

Finance World, July 5, 2022, Veterans often struggle to buy homes with a VA loan

But, as many realtors and mortgage brokers tell Spectrum News, a widespread misunderstanding about the VA loan program among sellers and agents often makes it challenging for veterans to buy homes with the loan. That’s if they get the loan to begin with: banks have increasingly avoided government loans following the Great Recession, according to the National Community Reinvestment Coalition.

Print Friendly, PDF & Email

Leave a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

Complete the form to download the full report: