Veterans borrowing VA loans at a record pace, study shows: Is this mortgage option right for you? By Erika Giovanetti article 1.2 million veterans tapped into their VA home loan benefits in 2020, and even more are expected to do so this year. See where retired military service members are taking out VA loans at the highest rate, and learn more about the eligibility requirem Expand Military veterans have access to low-interest home loans through the U.S. Department of Veterans Affairs (VA). The VA has said it backed a record-breaking 1.2 million loans in 2020, and a new study suggests it's already on pace to break that record again in 2021.