Owning a home is what every family hopes to achieve. But if there are those who deserve to get affordable houses, it will have to be the veterans and their families who served, have served, or are serving in the military. This is where the Veterans Administration (VA loans) come into the picture.

In this article, we will share the impact of VA loans on veterans and their families.

Why veterans deserve affordable loans

The US government and taxpayers have agreed that the military personnel have undoubtedly served the country and sacrificed so much. They go to the extent of putting their lives on the line. In return, the government wants to make it easier for these veterans and their families to acquire and own a house. That’s why VA loans have been introduced in the real estate market as a way to help.

How VA loans can help

VA loan falls under the category of conventional loans. For the uninitiated, it is a program established by the United States Department of Veterans Affairs to help US veterans, active duty service members, and surviving spouses purchase a house. Initially introduced as part of the GI Bill back in 1944, it’s now helping many veterans and their families achieve their dream home.

Here at Halpern & Associates, we have 20 years of experience helping clients find the right loan program. Our ultimate goal is to make the whole mortgage application process a lot simple, quick, and easy. For your VA loan in Florida, we’ve got you covered!

What to know about VA loan’s eligibility

If you’re looking to apply for a VA loan, you must be well-aware of the program’s qualifications. To apply for this, you must obtain and submit a Certificate of Eligibility (COE) to the mortgage lender showing you’re qualified for a VA loan. For your reference, here are some of the qualifications:

  • Active duty service member: An active duty service member or a discharged veteran must have 90 consecutive days of active service during wartime or 181 days of active service during peacetime.
  • National Guard member: A service member must have been part of the National Guard or the Selected Reserve for more than six years.
  • Spouse: The spouse of a service member who died in the line of duty is eligible for this loan.

The impact of VA loans

A VA loan is one of the safest mortgage loans available in the market today. For one, the VA guidelines require the borrower to have discretionary income. This is because the government wants to ensure that these borrowers still have something left in their money that goes to the bank after paying their monthly mortgage payments. That’s how beneficial these loans are for the veterans. 

Unfortunately, only a third of home-buying veterans know about the benefit, and they are under the assumption that VA loans are only for first-time homebuyers. If you can overcome this hurdle of myths, then you will be able to take advantage of the benefits this loan type can offer.


At this point, you now know how VA loans will impact the veterans and their families. To that end, be sure to consider all the valuable information discussed above, so you can make informed decisions. If you’re looking to apply for a VA loan, be sure to work with a highly reliable mortgage broker who can help you every step of the way. 

As a mortgage broker in Miami, we can assist you in getting the right mortgage fast and whether non-conventional or conventional loans. If you’re looking to apply for a VA loan in Florida, connect with us today to see how we can help!

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