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Military Personnel Urged to Utilize VA Loans for Homeownership Benefits

Military Personnel Urged to Utilize VA Loans for Homeownership Benefits

A recent study reveals that fewer than half of eligible military service members consider using loans backed by the Department of Veterans Affairs (VA) when purchasing a home. These VA loans offer significant financial advantages, such as no down payment and no requirement for private mortgage insurance (PMI), which can save borrowers substantial amounts compared to conventional loans. Despite these benefits, awareness remains low, with only 54% of eligible service members knowing about the zero down payment feature. VA loans are designed to assist active-duty service members, veterans, and eligible surviving spouses in purchasing or refinancing homes. They offer favorable terms, including lower interest rates and limited closing costs. Eligibility requires service members to have served for at least 90 continuous days and meet specific service requirements. The loans are available for homes occupied by the service member or their family.
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Department of Veterans Affairs Ends Foreclosure Prevention Program, Leading to Surge in Veteran Foreclosures

Department of Veterans Affairs Ends Foreclosure Prevention Program, Leading to Surge in Veteran Foreclosures

The Department of Veterans Affairs (VA) ended a major foreclosure prevention program in May 2025, resulting in a significant increase in foreclosures among veterans. The program, which included a partial claim option and the Veterans Affairs Servicing Purchase program (VASP), was designed to help veterans catch up on missed payments and modify delinquent loans at a fixed rate. Since the program's termination, more than 10,000 veterans have lost their homes, marking the highest foreclosure rate for VA loans in a decade. The VA's decision has sparked concern as many veterans face financial difficulties, with an additional 90,000 veterans at risk of foreclosure.
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Experts Weigh Pros and Cons of Adjustable-Rate Mortgages Amid Current Economic Conditions

Experts Weigh Pros and Cons of Adjustable-Rate Mortgages Amid Current Economic Conditions

Experts Weigh Pros and Cons of Adjustable-Rate Mortgages Amid Current Economic Conditions
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California Association of Realtors Advocates for Continued Support of Dream For All Funding to Boost Homeownership

California Association of Realtors Advocates for Continued Support of Dream For All Funding to Boost Homeownership

The California Association of Realtors (C.A.R.) has expressed its support for Governor Gavin Newsom's revised 2026-27 state budget proposal, which maintains funding for the California Housing Finance Agency's (CalHFA) Dream For All program. This initiative provides down payment assistance, a critical tool for expanding homeownership opportunities, particularly for first-time and first-generation buyers in California. C.A.R. President Tamara Suminski emphasized the importance of this funding in addressing the state's housing affordability crisis and supporting diverse populations in achieving financial stability and generational wealth. The association also commended efforts to assist homeowners affected by wildfires through the CalAssist program, which offers mortgage relief.
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Mortgage Rates Drop to 6.36% Amid Rising Inflation and Economic Uncertainty

Mortgage Rates Drop to 6.36% Amid Rising Inflation and Economic Uncertainty

Mortgage Rates Drop to 6.36% Amid Rising Inflation and Economic Uncertainty
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California Association of Realtors Advocates for Continued Dream For All Funding to Boost Homeownership

California Association of Realtors Advocates for Continued Dream For All Funding to Boost Homeownership

The California Association of Realtors (C.A.R.) has expressed support for Governor Gavin Newsom's revised 2026-27 state budget, which maintains funding for the Dream For All program. This initiative, managed by the California Housing Finance Agency (CalHFA), provides down payment assistance to first-time and first-generation homebuyers, aiming to improve housing affordability across diverse communities in California. C.A.R. President Tamara Suminski emphasized the importance of this funding in expanding homeownership opportunities and addressing the state's housing affordability crisis. The association also commended efforts to support homeowners affected by wildfires through mortgage relief programs.
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Experts Weigh in on Adjustable-Rate Mortgages Amid Current Economic Conditions

Experts Weigh in on Adjustable-Rate Mortgages Amid Current Economic Conditions

Experts Weigh in on Adjustable-Rate Mortgages Amid Current Economic Conditions
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Realtor.com Report Shows Long-Term Savings with New Home Purchases

Realtor.com Report Shows Long-Term Savings with New Home Purchases

Realtor.com Report Shows Long-Term Savings with New Home Purchases
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Federal Reserve Bank Study Highlights Impact of Mortgage Brokers on Borrower Outcomes

Federal Reserve Bank Study Highlights Impact of Mortgage Brokers on Borrower Outcomes

Federal Reserve Bank Study Highlights Impact of Mortgage Brokers on Borrower Outcomes
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ICE Releases Wife of U.S. Army Soldier After Month-Long Detention Amid Immigration Policy Scrutiny

ICE Releases Wife of U.S. Army Soldier After Month-Long Detention Amid Immigration Policy Scrutiny

Immigration and Customs Enforcement (ICE) has released Deisy Rivera Ortega, the wife of U.S. Army Sgt. 1st Class Jose Serrano, after a month-long detention. Rivera Ortega, originally from El Salvador, was detained during an immigration appointment in El Paso, Texas, as part of her application for the Parole in Place program. This program is designed to protect military spouses and parents without legal status from deportation. Her detention was due to a deportation order from 2019 and a conviction for illegal entry into the U.S. Despite her legal work permit under the United Nations Convention Against Torture, she faced potential deportation to a third country. Her release followed advocacy from Democratic Sen. Tammy Duckworth, who personally intervened with Homeland Security Secretary Markwayne Mullin.
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High Closing Costs in New York, Florida, and Maryland Impact Mortgage Refinancing Decisions

High Closing Costs in New York, Florida, and Maryland Impact Mortgage Refinancing Decisions

High Closing Costs in New York, Florida, and Maryland Impact Mortgage Refinancing Decisions
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New Homes Offer $25,000 Savings Over Ten Years, Offsetting Initial Costs

New Homes Offer $25,000 Savings Over Ten Years, Offsetting Initial Costs

New Homes Offer $25,000 Savings Over Ten Years, Offsetting Initial Costs