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Created by the original G.I. Bill, the VA-Guaranteed Home Loan program has helped generations of Veterans, Service members, and their families enjoy the dream of home ownership and the opportunity to retain their homes in times of temporary financial hardship.
The VA home loan guaranty is an agreement that VA will reimburse a lender (such as
banks, credit unions, mortgage companies, etc.) in the event of loss due to
foreclosure. This guaranty takes the place of your down payment.