Residential Real Estate

VA loan turns 80; Fayetteville among top VA loan markets

By Staff Report, posted 2 years ago

Veterans and service members have turned to their home loan benefit in waves in recent years. Created 80 years ago this month, the VA loan program helps make homeownership more accessible for those who serve. 

Fayetteville is the No. 5 market for Gen Z VA buyers, No.12 for Millennials VA buyers, and No. 18 for overall VA buyers: https://www.veteransunited.com/education/top-va-loan-markets/ 

According to Veterans United, the VA loan program has contributed $3.9 trillion to the U.S. economy. In anticipation of the 80th anniversary, Veterans United this spring surveyed 500 Veterans and service members to get their insights on the VA loan. 

Veterans United compiled a range of key historical data points and trends about VA loans and Veteran homebuying over the last 80 years to commemorate the anniversary.

Key highlights: 

  • VA loans have the highest satisfaction rating of any Veteran benefit.
  • 93 percent of Veterans and service members surveyed used a VA loan to buy their first home.
  • 8-in-10 Veterans were 34 or younger the first time they used their home loan benefit.
  • Military service and the VA loan are shrinking the homeownership and wealth gaps for minorities and female Veterans.
  • Despite the huge growth of VA loans, 75 percent of Veterans surveyed believed at least one myth or misconception about the benefit.
Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Bearded soldier to brand manager: Chad Kraken's journey to building his business empire

The KRAKEN-SKULLS brand includes a barbershop, a tattoo shop, a T-shirt company, an embroidery company, a website design company, a media marketing and graphic design company and an auto shop. Photos by GFBJ.When Chad Kraken retired from the military


From agritourism to event spaces: How Fred and Anita Surgeon prioritize people in business

Fred Surgeon, with the support of his wife Anita, owns and operates Surgeon &Associates, Inc, a family of businesses with everything from agritourism, pestcontrol, cleaning services and behavioral health services. Photos provided by Fred Surgeon.


Award-winning acquisition: Coldwell Banker Advantage team celebrates nationwide awards with new leadership

Agents and leadership from Coldwell Banker Advantage and Coldwell Banker Sea Coast Advantage gathered to celebrate one of their own as she was recognized with two national achievements. A new C-Suite leader was also in attendance.