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The VA-backed loans are a benefit for joining the military. It's not exactly charity, but they certainly aren't doing it because it's a good financial investme
by empath-nirvana 3y ago
The VA-backed loans are a benefit for joining the military. It's not exactly charity, but they certainly aren't doing it because it's a good financial investment.
It's actually quite hard to get a low/no money down mortgage, even with those programs, there are limits to the total price of the house, for example.
- lotsofpulp 3y agoNone of it is charity to (newer) homeowners. If it was, they would just give people cash. It is a subsidy to people who already own property, by creating a greater supply of buyers who can pay more.