• How 2020 Changed VA Home Loans for the Better
    Money Matters

    How 2020 Changed VA Home Loans for the Better

    Intended initially to reward veterans returning home from World War 2, VA home loans have become a staple as one of the best military service incentives. It started its existence as part of the Servicemen’s Readjustment Act of 1944 and has since undergone many updates on who it covers and what incentives it offers. The most significant changes that VA home loans have gone through include the Veteran Housing Act of 1970, which removed the termination dates to receive one’s benefits. It also consists of the 1992 Veterans Home Loan Program Amendments, which expanded VA benefits to members of the National Guard and military reserves. The improvement of government-backed loans…