U.S. Veteran Home Loans and Tax Benefits

Ian C. Langtree Content Writer/Editor for Disabled World
Published: 2009/02/06 - Updated: 2023/11/19
Publication Type: Informative
Contents: Summary - Introduction - Main - Related

Synopsis: A list of what each American state offers veterans in regards to home loans tax exemptions and tax benefits. In 1944 the U.S. congress passed the GI Bill of Rights to help those who served in the armed forces readjust to civilian life. The VA does not actually lend the money to the borrower, but promises to make good to the lender should the borrower default on the loan.

Introduction

In 1944 the U.S. congress passed the GI Bill of Rights to help those who served in the armed forces readjust to civilian life. One section of this bill provided loan programs with no money down and low closing costs to veterans.

Main Digest

A VA home loan is actually a guarantee rather than a loan.

The VA does not actually lend the money to the borrower, but promises to make good to the lender should the borrower default on the loan. (See Veterans Affair Home Loans)

What Each U.S. State Offers Veterans

This list will be updated and expanded in the near future and should be read in conjunction with our US Home Loans for Americans with Disabilities seniors, and low income earners article.

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Cite This Page (APA): Langtree, I. C. (2009, February 6 - Last revised: 2023, November 19). U.S. Veteran Home Loans and Tax Benefits. Disabled World. Retrieved June 24, 2024 from www.disabled-world.com/disability/finance/veteran-home-loans.php

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