May is National Military Appreciation Month in the United States—a time to recognize and honor those who have served. One meaningful benefit available to military households is the Veterans Affairs (VA) loan, a mortgage option designed to make homeownership more accessible for veterans, active-duty service members, and eligible surviving spouses. Champlain Housing Trust is proud to help those who’ve served and their families become homeowners.
VA loans are backed by the U.S. Department of Veterans Affairs and offered by lenders nationwide. They often require no down payment, feature competitive interest rates (frequently lower than conventional loans), and have more flexible credit requirements. Another major advantage is that borrowers don’t have to pay private mortgage insurance (PMI), which can significantly reduce monthly costs.
VA loans are also assumable, meaning a qualified buyer can take over the loan and its interest rate—an especially valuable feature in a higher-rate market. For those who qualify, VA loans remain one of the most powerful and cost-effective paths to homeownership.
Becoming a homeowner can feel like an impossibly complicated, but Champlain Housing Trust is here to help you navigate the process and access the programs you might be eligible. Take look at classes and workshops that could help you reach your goal of homeownership.