In 1944 the U.S. congress passed the GI Bill of Rights to help those who served in the armed forces adjust to civilian life. One part of this bill provided loan programs without any money down and low closing costs to veterans. These loans, called VA loans, for the Veterans Administration are not given by the Veterans Administration. The federal government then guarantees the loan amount to t.. and establishes the essential recommendations for the loans. What's a VA mortgage and who qualifies? In 1944 the U.S. congress passed the GI Bill of Rights to help people who served in the military re-adjust to civilian life. One element of this statement provided loan programs without any cash down and low closing costs to veterans. These loans, called VA loans, for the Veterans Administration are not given by the Veterans Administration. The government establishes the basic guidelines for the loans and then guarantees the loan amount to the lender in case the debtor defaults. To be eligible for a VA loan you must meet one of these requirements: Honorably discharged wartime veteran of WWII, Korean War, or Vietnam with at least 90 days active duty. All through peacetime, July 1974-September 1980, provide 181 times continuous active duty (could be less if cleared for a disability). For company times after 1980, full two years of continuous active duty or 90-days in Persian Gulf or Iraq. Certain National Guard and Reserve troops could be eligible if they completed 6 years in an active National Guard uni-t that had week-end drills and active duty training. Browse here at the link http://markets.wnd.com/worldnetdaily/news/read/35064071 to research how to see it. Partners of veterans may be eligible if the veterans death was caused by a service connected injury or condition. U.S. Person who served in a armed force for a country allied with-the U.S. Proof of service is needed to apply for VA loans. To see what evidence is needed, and to seek out solutions to other VA loan concerns, go to the VA internet site at www.va.gov. Get further on the affiliated paper by going to http://markets.financialcontent.com/mi.centredaily/news/read/35064071/Veteran_Owned_Businesses_Join_The_National_Veterans_Opportunity_Coalition_at_an_Unexpected_Pace. Being entitled to a VA loan does not ensure you will receive one. This engaging http://markets.financialcontent.com/mng-ba.siliconvalley/news/read/35064071/Veteran_Owned_Businesses_Join_The_National_Veterans_Opportunity_Coalition_at_an_Unexpected_Pace article has some cogent suggestions for why to recognize this idea. Your credit score and other factors are still examined, but usually, the principles are less strict than with aggressive mainstream loans. Additionally, VA loans generally offer better prices than aggressive conventional loans with little money down, and there are specific closing costs that consumers aren't permitted to spend with a VA loan.. Get more on a related site by browsing to http://business.theeveningleader.com/theeveningleader/news/read/35064071/Veteran_Owned_Businesses_Join_The_National_Veterans_Opportunity_Coalition_at_an_Unexpected_Pace.