VA Loans Graph
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There were roughly There were roughly 180 ,000 ,000 VA purchased loans last year although VA purchased loans last year although there are roughly there are roughly 2 5 5 mill millio n n people eligible people eligible There were roughly 180,000 VA purchased loans last year although there are roughly 25 million people eligible What is a VA Loan? VA loans provide No Money Down mortgage options for US military. They are serviced by private lenders, but guaranteed by the US government. No PMI and 90% refinance options are other benefits. Learn more below. Total Loan Amount in 2009 $68,200,786,687 the maximum VA loan amount with no down payment is $ 417,000 In 2009, VA loans helped 91,818 veterans purchase their first home. (17,000 more than in 2008) this amount may rise to as much as $ 1,094,625 in certain specified "high-cost coun- ties" No monthy PMI Total Guaranteed Amount in 2009 $17,492,203,150 The number of VA loans has risen from $165,845 in 2005 to $ 325,690 in 2009 (179,670 in 2008) Average per loan $ 209,404 in 2009 # of Interest Rate Reduction loans in 2009 122,251 vs Average per loan $ 150,140 in 2008 163,441 of the180,896 VA Loans in 2009 did not have to pay downpayments as of January 1st, 2010 that’s over 90% 2008 2009 only17,455 of the 180,000 veterans who applied for VA loans in 2009 had to place a downpayment nearly 1/3 of all VA loans in 2009 went to Gulf War veterans (3.2%) 31.6% of all VA loans were given to veterans between the age of 26-35. an additional 28.5% between 36-45 start f inish
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Transcript of VA Loans Graph
There were roughlyThere were roughly 180,000 ,000 VA purchased loans last year althoughVA purchased loans last year althoughthere are roughly there are roughly 25 5 millmillion n people eligiblepeople eligible
There were roughly 180,000 VA purchased loans last year althoughthere are roughly 25 million people eligible
What is a VA Loan?VA loans provide No Money Down mortgage options for US military. They are serviced by private lenders, but guaranteed
by the US government. No PMI and 90% refinance options are other benefits. Learn more below.
Total LoanAmount in 2009$68,200,786,687
the maximum VA loan amount with no down payment is $417,000
In 2009, VA loans helped 91,818veterans purchase their first home.(17,000 more than in 2008)
this amount may rise to as much as $1,094,625
in certain specified "high-cost coun-ties" No monthy
PMI
Total Guaranteed Amount in 2009$17,492,203,150
The number of VA loans has risen from $165,845in 2005 to $325,690in 2009 (179,670 in 2008)Average per loan
$209,404 in 2009
# of Interest Rate Reduction loans in
2009122,251
vsAverage per loan
$150,140in 2008
163,441 of the180,896 VA Loans in 2009
did not have to paydownpayments
as of January 1st, 2010
that’s over90%
2008 2009only 17,455 of the 180,000 veterans who applied for VA loans in 2009 had to place a downpayment
nearly 1/3 of all VA loans in 2009 went to Gulf War veterans (3.2%)
31.6% of all VA loans were given to veterans between the age of 26-35.
an additional 28.5% between 36-45
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