A mother and her son are hugging in their living room. The mother is wearing a military uniform.
Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.
This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans.
Facts About VA Home Loans:
- Nearly 24 million home loans have been guaranteed by the Veterans Administration.
- Nearly 82% of VA home loans are made with no down payment.
- The VA also provides grants to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs. Last year the VA provided 2,000 grants totaling $104 million.
Benefits of a VA Home Loan:
- No down payment
- No Private Mortgage Insurance*
- Lower credit score requirements
- Limitation on closing costs
- Lower average interest rates
*More information on VA Home Loan Fees
Bottom Line
The best thing you can do today to celebrate Veterans Day is to share this information with those who can benefit from these opportunities. For more information, or to find out how to qualify to use a VA Home Loan Benefit, let’s get together to navigate through the process. Thank you for your service!
Over 31% of Income Goes to Housing in Utah
Utah ranked No. 10 in a national study of states with the highest housing costs. Housing expenses in Utah take up 31.71% of the median monthly income. This may surprise residents, as home prices have surged since the COVID-19 pandemic began. Many prospective...
Tips for Selling Your Home After the Holidays
Post-holiday market activity shrinks inventory and boosts buyer interest—price competitively to maximize offers. Declutter, depersonalize, and keep your home clean inside and out to make a great first impression
Why Renters Insurance Is a Must-Have in 2025
Renters insurance is crucial in 2025, offering essential protection for tenants' assets and liabilities. It covers personal belongings against theft, fire, and natural disasters.
Social Security tax to be cut for Utahns making $90K or less
Utah lawmakers are proposing tax reductions for the fifth consecutive year, including eliminating the Social Security tax for older residents earning $90,000 or less and reducing the income tax rate from 4.55% to 4.5%. They aim to provide $127 million in tax relief,...
5 Ways to Pay Less in Taxes on Real Estate Investments
Keep detailed records of all property expenses, including rent, maintenance, and insurance, to support tax deductions.Use the 1031 exchange strategy to defer 100% of taxes by reinvesting in like-kind properties legally.
Utah’s 2024 economy broke records, but can 2025 growth keep up?
In 2024, Utah's home prices reached near-record highs despite a slight drop in 2023, while high mortgage rates hindered new buyers. The state's economy grew, with a population increase of 1.5% and job growth at 1.7%. However, unemployment rose to 3.1%. Over...
Staged Property: The Hidden Risks
Staged Property: The Hidden Risks - Buyer Beware In the dynamic realm of real estate, the allure of staged properties often captivates potential buyers, presenting spaces in their most attractive light and promising a dreamlike living scenario. However, beneath the...
Buying a House With Tenants? Know Your Rights
If a lease exists, it remains valid, preventing rent hikes or evictions until its term expires. Want tenants to move out? You must negotiate, buy them out, or ensure vacancy before purchase.
Smart Timeline Strategies for Selling Your Home
Selling a home takes 8-12 weeks, including 1-2 weeks for prep, 3-4 weeks for listing, and 4-6 weeks for closing. Preparation is crucial; allocate 3-5 days for decluttering, staging, and 1-2 days for professional photography.
SCAM ALERT: Fraudulent Tax Collection Letters Targeting Utah Taxpayers
The Utah State Tax Commission warns taxpayers about a fraudulent letter circulating in Utah, falsely claiming unpaid state taxes. The letter resembles an official notice and threatens legal action if payment is not made. Taxpayers are advised to verify the...