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Three Creeks Media | 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 communications for the Nation