General World News

As the VA loan turns 80, its economic impact is in the trillions

An analysis released Wednesday by Columbia, Missouri-based lender Veterans United Home Loans revealed that the home loan program through the U.S. Department of Veterans Affairs (VA) has contributed $3.9 trillion to the national economy since its inception near the end of World War II.

The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22. The program was designed to help military service members successfully transition to civilian status by becoming homeowners and building the wealth they missed out on during the war.

In conjunction with details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com