Low interest rate fuels rise of home loans to military veterans

A record number of veterans and service members are buying homes with loans financed by the Department of Veterans Affairs.

About 80 percent of VA Loan borrowers do not put down money when buying a house. But less than 1 percent of VA loans were in foreclosure as of June, according to the Mortgage Bankers Association’s National Delinquency Survey. VA loans have had the lowest foreclosure rate on the market for the past 18 quarters.

Source: Washington Post

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