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More National Guard Members Now Can Get a VA Home Loan. Here's How

Three Creeks Media
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By
Erik J. Martin
With no down payment required, flexible credit guidelines and limits on closing costs and fees, the VA home loan is a popular financing option for veterans and active-duty service members, including National Guard members.
But in the past, Guard troops were only eligible for the VA loan after six years of honorable service, following 90 consecutive days of service or after being discharged from active duty for a service-related disability.
New legislation signed into law in January the Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act expands eligibility for Guard members and cuts the required days of service. That means tens of thousands more Guard members, including many who performed COVID-19 emergency-related duties, will qualify for the VA-backed mortgages, according to John Goheen, director of communic ....

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Home ownership will soon be easier for some members of the National Guard

Home ownership will soon be easier for some members of the National Guard
Thanks to federal legislation late last year, qualifying National Guard members can skip one of the biggest challenges for many people when it comes to home ownership.
and last updated 2021-02-01 18:13:53-05
Once the first cases of coronavirus were discovered in the U.S. and the urgency to contain it began to grow, so did the sea of restrictions for those infected with the virus and closures tied to travel.
To assist with the next national need to supply food, help with COVID-19 testing sites and now vaccination sites, members of the National Guard have been on the front lines of the pandemic to help our nation through it. ....

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New law expands VA loan eligibility for Guard, COVID-19 vets

New law expands VA loan eligibility for Guard, COVID-19 vets
January 5
Crista Gyates raises the American flag at her home March 19, 2019, at on-base military housing at Naval Station Mayport. (MC2 Devin Bowser/Navy)
Early career National Guard troops who supported COVID-19 response this year may soon be eligible for Veterans Affairs home loan benefits, thanks to a provision in this year’s Veterans Health Care and Benefits Improvement Act.
President Donald Trump signed the legislation on Jan. 5, narrowly avoiding an accidental “pocket veto.” Had he not signed it today, the measure would not have become law unless the new Congress passed similar legislation. ....

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