VA Home Loans
Liberal down payment requirements and low loan costs can make VA mortgages an attractive home financing alternative for veterans.
In the June/July, 2010 AARP magazine, the AARP reports that many veterans and lenders are under the misconception that veterans can only have single VA mortgage during their life time. According to the AARP the rule is that they can only have one at a time and that previous mortgages must have been paid off.
The AARP also notes that VA loans can be used to buy into a retirement community.
For more information on VA loan programs and eligibility see a lender or go to
www.homeloans.va.gov
