Number: RS20533
Title: VA-Home Loan Guaranty Program: An Overview
Authors: Bruce E. Foote, Domestic Social Policy Division; Meredith Peterson, Knowledge Services Group 
Abstract: Under the Department of Veterans Affairs' (VA) home loan guaranty program, an eligible veteran may purchase a home through a private lender and the VA guarantees to pay the lender a portion of the losses if the veteran defaults on the loan. From the program's inception in 1944 through the end of 2007, VA has guaranteed the purchase or refinancing of more than 18.2 million homes for veterans. This report discusses the features of the VA home loan guaranty program.
Pages: 5
Date: October 30, 2008