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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