VA Guarantees its 21 Millionth Home Loan

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Veterans Health Administration Update
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10/29/2014 12:30 PM EDT

The Department of Veterans Affairs (VA) announced this month that it has guaranteed 21 million home loans since the Home Loan Guaranty program was established in 1944 as part of the original Servicemen's Readjustment Act of 1944, better known as the 'GI Bill.' This achievement comes during the year-long commemoration of 70 years of the 'GI Bill,' which established a wide range of benefits for Veterans returning from World War II, including low-cost home loans, education and vocational training.