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Thursday, January 27, 2011

VA-Home Loan Guaranty Program: An Overview

Bruce E. Foote
Analyst in Housing Policy

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 FY2010, VA has guaranteed the purchase or refinancing of more than 19 million homes for
veterans. This report discusses the features of the VA home loan guaranty program.

Date of Report: January 12, 2011
Number of Pages: 8
Order Number: RS20533
Price: $19.95

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