Recently the Department of Veterans Affairs announced it has guaranteed 20 million home loans since its home loan program was established in 1944 as part of the original GI Bill of Rights for returning World War II Veterans. The 20 millionth loan was guaranteed for a home in Woodbridge, Va., purchased by the surviving spouse of an Iraq War Veteran who passed away in 2010.
Given the current low-interest rates, the program has grown significantly in the past five years, with 71 percent more purchases and 20 times as many refinances processed in fiscal year 2012 than in 2007. There are about 1.7 million VA guaranteed home loans in existence today with a total value of $284 billion. VA has guaranteed 540,000 mortgages in 2012.
“At the center of the home loan guaranty program is the idea that Veterans and their families are a safe bet,” said Under Secretary Hickey.” As a result of their service and sacrifice, as a group, they prove to be disciplined, reliable, and honorable — traits that are ideal for this kind of national investment.”
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About Williamsburg Military Insider
As a military spouse of an active duty Air Force member for 20 years, I know first-hand the stresses that come with relocating and establishing roots in a new community. In fact, this is what drew me into the real estate business as a REALTOR®. My goal is to provide my clients with that constant support they can rely on as their needs change throughout their lives - to be their trusted resource, no matter where they live, when they have a real estate question. I have the distinct privilege of doing just that every day. It is such a thrill for me to work with Liz Moore & Associates this dynamic group of professionals dedicated to delivering exemplary customer service and building lasting relationships with clients.
While stationed with my family in the Unites States, I had the honor of serving in a variety of volunteer capacities, and have held many jobs across this nation of ours. I was actively involved with the YMCA Youth Sports, Parent Teacher Association and the Officer's Spouses Club. It was quite humbling to be recognized for my leadership efforts through the years; however, I feel that my true reward came from the connections I made with diverse groups of people. Making connections is what motivates me as a volunteer and as a real estate professional. Here in Williamsburg, I continue to be actively involved in various business and community organizations including the National Military Family Association, The Military Child Education Coalition, Defense Credit Union Council, Officer's Spouses Club, Williamsburg Youth Sports, and York County Youth Sports.
When not working with my clients, you can probably find me planning my next adventure to a new city or country. Each trip is a unique opportunity to experience a different culture and see another incredible part of the world. When I am here at home, you will most likely find me out enjoying some window shopping, running in events, cooking up new recipes, and working out at the YMCA. While I have many wonderful hobbies, my true passion is spending time with my family - my husband, Tony, who works in the Air Force, and our two children, Adriana, an active high school student at Bruton High School, and Chloe, a very active elementary school student at Magruder Elementary School.