Blog

Apr 20 2022
American flags in a neighborhood
Signed into law in 1944 by President Franklin D. Roosevelt, the VA home loan program was one part of the GI Bill of Rights designed to support World War II veterans as they returned home. Along with tuition reimbursement and unemployment funding, the GI Bill included this loan guaranty program. Rather than directly providing a […]
Nov 11 2021
US flag in front of house
In honor of Veterans Day and all of the past and present military members who deserve our gratitude year-round, Open Mortgage thanks you for your service and sacrifice. The home loan choices available to veterans and active service members can be overwhelming. We are proud to help you navigate your mortgage options to find the […]
Nov 7 2019

Veterans Association (VA) loans are among the best financing options available when it comes to homebuying — a well-deserved benefit in recognition of the service and sacrifice made by service members, veterans, and their families.  Although VA loans are provided by private lenders, the VA guarantees a portion of each loan, enabling lenders to offer […]

Nov 3 2017

VA loans are home mortgages designed specifically for veterans that have served a minimum of 90 days on active duty. Developed and guaranteed by the United States Department of Veteran Affairs, approved lenders can issue home loans to veterans without the stipulations of a traditional loan. Here’s everything you need to know (and more) if […]

Jun 29 2017

The VA loan allows veterans, active members of the military, and surviving spouses to purchase a home with zero down payment unless required by a lender, or unless a purchase price is more than a property’s reasonable value. In addition, VA loans don’t require private mortgage insurance (PMI). Most traditional home loans require borrowers to […]

Feb 7 2017

There is nothing quite like homeownership. You have a chance to buy a place you love, decorate it as you please, and also make an investment into your financial future. But if you’ve ever looked into buying a home, you have probably heard experts saying that you need at least 20% of the value of […]

Dec 8 2016

If you’re a veteran, we want to tell you about a loan that helps you take the empowering journey into home ownership—and doesn’t require a down payment. The VA loan helps military members, veterans, and surviving spouses buy homes Established in 1944 to provide home financing to World War II veterans, the VA Loan (originally […]