News

Business

On HALO

2 weeks ago

Veterans are using this homebuying benefit more often — but many still don’t know it exists

VA loans are becoming a more common path to homeownership as elevated home prices and mortgage rates squeeze buyers — but many veterans and service members still do not fully understand the benefit they earned.A Rocket Mortgage and Redfin analysis of county records across 40 major U.S. metro areas found VA loans accounted for 7.7% of mortgaged home purchases in March, up from 6.8% a year earlier and tied with 2020 for the highest March share in a decade.The increase comes as eligible veterans, active-duty service members and surviving spouses search for ways to lower the upfront cost of buying...