![o03201003132-4793-20-57.jpgp_thumb[1]](http://lh4.ggpht.com/-uxaLr_5Pe_0/ToYludh4yHI/AAAAAAAAmKY/EPf7t6v2piI/s1600-h/o03201003132-4793-20-57.jpgp_thumb%25255B1%25255D%25255B4%25255D.jpg "o03201003132-4793-20-57.jpgp_thumb[1]")
Yep, that is our first home, we bought it with a GI loan way back in 1973. Would you believe less than $25,000 for a three bedroom house. Ok, I know that in 1973 $25K was a small fortune. But the fact is the VA Financing of the loan is one of the perks that we earned for our military service.
I am not sure what the maximum loan was back in those days, maybe 60-80 thousand but in a recent Mil.Com email I was amazed to learn that “With a VA home loan you can buy a new home for up to $719,000 with no down-payment and get the same low VA loan interest rate.” Wow, how times have changed.
That seems like a lot of money to me but it is one of the perks that our soldiers have today, what ever they get, they deserve it, they got it the old fashion way, they earned it.
You Vets should check out this VA Refinancing site.
6 comments:
Dick used his GI bill to further his aviation ratings. Cool!
Big hugs, honey...
I just bought a house in July using my VA loan, and no down payment.
Also, with a VA loan, there's no PMI.
We owe our vets far more than anything we can pay them. Hugs! Hope you're having a great time this weekend.
I loved my VA loan....
How was your reunion Sarge?
Some government perks are wonderful!!
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