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Top 13 Benefits of the VA Loan in 2024

I’m convinced that the VA loan is the greatest loan product in the entire mortgage industry. I’ve covered the VA loan extensively in several articles on the Military Millionaire blog. Today I want to cover what I believe are the top 13 benefits of the VA loan!
No down payment
First, there is no down payment required when you buy a house with the VA loan. This is one of the most widely known benefits of the VA loan, but let me just elaborate on how powerful this is.
I have a friend in San Diego who purchased a 4-plex for $1.23 million, and got paid a few hundred dollars at closing. On top of that, between renting three units, and some of the rooms out of the unit he lives in, he is getting paid to live in this house.
In case that isn’t sweet enough, he is paying off over $2,000/month of principal on the loan.
The VA loan allows service members and veterans to purchase a home even if they haven’t amassed a ton of savings.
When used properly, this is an incredible benefit to the service member!
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#valoan #valoan2024 #veteranbenefits
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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom!
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