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Jacksonville Florida loanDepot VA Loans
loanDepot Survey Finds 56% of Veterans Are Not Taking Advantage of VA Loan Benefits.One of the ways that the government thanks our brave servicemen and servicewomen is through offering Veteran Affairs loans. Created in 1944 as part of the GI Bill of Rights, the loans are meant to help active service members, veterans, and eligible surviving spouses achieve the American Dream of homeownership. The VA does so by guaranteeing a portion of the loan, which enables companies such as loanDepot to provide these more flexible mortgages.
 
However, in a recent national survey, two-thirds of veterans said they are not fully aware of how to qualify for a VA loan nor the benefits of securing one. Additionally, we found less than half (44%) of veteran homebuyers used a VA loan. Veterans under 45-years old (60%) were much more likely to have a VA loan versus their older counterparts (37%). Click here to see full survey infographic. 
Top benefits of VA loans include: 
More than 90% of VA loans require no down payment Does not require mortgage insurance No pre-payment penalty You don’t have to be a first-time homebuyer VA loans are reusable, meaning if you’ve outgrown your home and need a bigger one, you can sell the home ... more

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