Download or read book VA guaranteed Home Loans for Veterans written by and published by . This book was released on 1992 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Questions Answers on Guaranteed and Direct Loans for Veterans written by United States. Veterans Administration and published by . This book was released on 1976 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Va Housing written by Libby Perl and published by Createspace Independent Pub. This book was released on 2013-02-12 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Veterans Affairs (VA) has assisted veterans with homeownership since 1944, when Congress enacted the loan guaranty program to help veterans returning from World War II purchase homes. The loan guaranty program assists veterans by insuring mortgages made by private lenders, and is available for the purchase or construction of homes as well as to refinance existing loans. The loan guaranty has expanded over the years so that it is available to (1) all veterans who fulfill specific duration of service requirements or who were released from active duty due to service-connected disabilities, (2) members of the reserves who completed at least six years of service, and (3) spouses of veterans who died in action, of service-connected disabilities, or who died while receiving (or were entitled to receive) benefits for certain service-connected disabilities. Under the loan guaranty, the VA agrees to reimburse lenders for a portion of losses if borrowers default. Unlike insurance provided through the Federal Housing Administration (FHA) insurance program, the VA does not insure 100% of the loan, and instead the percentage of the loan that is guaranteed is based on the principal balance of the loan. Veterans who enter into VA-guaranteed loans must pay an up-front fee based on a number of factors that include the type of loan entered into (for example, purchase or refinance), whether service was active duty or in the reserves, whether the loan is the first or subsequent VA loan a borrower has entered into, and the amount of down payment. Borrowers are not required to make a down payment for a VA-guaranteed loan, but the up-front fee is reduced if there is a down payment of 5% or more. Most borrowers (88% in FY2011) do not make a down payment. In addition to guaranteeing loans from private lenders, the VA also makes direct loans to borrowers in certain circumstances. The original VA direct loan, which was targeted to veterans in rural areas, is now available only to veterans or service members with certain service-connected disabilities. Another direct loan program, originally enacted as a demonstration program in 1992, serves Native American veterans, including veterans living in American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. In addition, the VA may enter into direct loans in cases where a borrower is delinquent or defaults on a VA-guaranteed loan. The VA may either acquire a loan from a lender and continue servicing itself (called “acquired loans”) or, in cases of foreclosure, the VA may purchase the property and resell it. In these cases, the VA may enter into a loan with a purchaser whether he or she is a veteran or not (called “vendee loans”). A third way in which the VA provides housing assistance to both veterans and active duty Service members is through the Specially Adapted Housing (SAH) Program. Through the SAH program, veterans with certain service-connected disabilities may obtain grants from the VA to purchase or remodel homes to fit their needs. The amount of a grant depends on the disability, and in some cases grants can be used to modify the homes of family members with whom veterans or service members are staying. This report discusses these three types of housing assistance—the loan guaranty program, direct loan programs, and Specially Adapted Housing program—their origins, how they operate, and how they are funded. The report also has a section that discusses the default and foreclosure of VA-guaranteed loans.

Download or read book Department of Veterans Affairs written by United States. General Accounting Office and published by . This book was released on 2000 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Veterans Administration Guaranteed and Direct Loans Use of National Service Life Insurance Trust for Loans Discount Practices Operations of VHMCP Interest Rates written by United States. Congress. House. Committee on Veterans' Affairs and published by . This book was released on 1957 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Veterans Administration Guaranteed and Direct Loans written by United States. n.d.ss. House. Veterans' Affairs Committee and published by . This book was released on 1957 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interest Rate and Down Payment on Loans Guaranteed by the Veterans Administration written by United States. Congress. House. Committee on Veterans' Affairs and published by . This book was released on 1953 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Veterans Small Business Loans written by United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs and published by . This book was released on 1993 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Veterans Direct Loans and Group Mortgage Insurance written by United States. Congress. Senate. Committee on Veterans' Affairs. Subcommittee on Housing and Insurance and published by . This book was released on 1971 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book VA Direct Loans to Veterans written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1955 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Guaranteed Loans for Veterans written by United States. Veterans Administration and published by . This book was released on 1949 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Veterans Home Loan Program written by United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and published by . This book was released on 1960 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers H.R. 9601 and related bills, to authorize sale of debentures to help finance veterans home loan program. Increases loan maximum from $13,500 to $17,500.

Download or read book To Assist Veterans to Borrow Funds for the Acquisition of Homes written by United States. Congress. Senate. Committee on Labor and Public Welfare and published by . This book was released on 1949 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Veterans Housing in Rural Areas Small Cities and Towns and Proposed Increase in Interest Rate on Guaranteed and Direct Loans written by United States. Congress. House. Committee on Veterans' Affairs and published by . This book was released on 1959 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers H.R. 2194 and similar bills, to provide for additional loans to the VA to finance veterans housing and to revise interest rates on guaranteed veterans loans.

Download or read book Veterans Administration Home Loan Guaranty Program written by United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs and published by . This book was released on 1988 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book To Assist Veterans to Borrow Funds for the Acquisition of Homes written by United States. Congress. Senate. Committee on Labor and Public Welfare and published by . This book was released on 1949 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Department of Veterans Affairs written by Davi M. D'Agostino and published by DIANE Publishing. This book was released on 2001-12 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every year, thousands of vets default on mortgage loans guaranteed by the VA. When vets default on these loans, lenders may foreclose on the loans and file claims against the VA loan guaranty program. To help veterans retain their homes and minimize their financial losses, VA provides additional assist. through its supplemental loan servicing program (SLSP). This report reviews VA's SLSP. It describes VA's policies and procedures (P&P) for servicing troubled loans; assesses VA's implement. of its P&P for servicing troubled loans; and analyzes VA's measures for assessing the effectiveness of its SLSP and ability to generate meaningful data for improving loan servicing.