"Nearly half of veterans and service members who don't own a home call homeownership a major life milestone, yet many feel it is out of reach due to financial barriers."
"The VA home loan eliminates the down payment, but closing costs, home inspections, appraisal fees, and earnest money still require cash on hand, which many military families lack."
"Forty-five percent of respondents said they don't have enough savings to cover closing costs, and nearly one in five have zero savings set aside for them."
"A lender specializing in the military community is addressing these challenges by covering closing costs and other fees through an unsecured personal loan, making homeownership more accessible."
A survey of over 1,200 veterans and active service members reveals that while 98% are satisfied with VA home loans, many face barriers to homeownership. Only 7% feel ready to buy a home in 2026, with nearly half stating homeownership feels out of reach. Rising home prices and upfront costs are significant obstacles, with 62% citing price increases and 49% struggling to save for costs. Many veterans have limited savings, prompting lenders to offer solutions to cover these expenses and improve access to homeownership.
#va-home-loans #military-families #homeownership-challenges #financial-barriers #veteran-satisfaction
Read at www.housingwire.com
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