VA loans in Oregon nearly double over past five years
OREGON - More veterans in Oregon are becoming homeowners, that’s thanks to the top VA loan lender.
These loans are under Veterans United Home Loans, which says the crash of the housing market back in 2008 boosted VA loans.
Here in Oregon, they’ve nearly doubled within the last 5 years.
“Oh my gosh, this griddle's the best; when are we gonna do pancakes on it,” Richard Howe says.
He says the stove-top griddle is one reason he and his wife, Lisa, bought this home. But, the main reason is because Richard Howe is a veteran.
“Honestly, it was the best thing I could've ever done,” Howe says.
He served in the Marine Corp. in the 1980s, and now, it’s paying off.
“We wanted a little bigger house because this will be our last house,” he says. “We have a million grandkids, so we had to have a bunch of rooms.”
That’s why this family is using a VA loan through Veterans United. In fact, these loans have spiked 46 percent in the last 5 years since no down payment is required.
“As soon as you attach VA onto it, the seller knows what kind of house it's going to be that it's gotta be up to snuff, that is has to be, it's gotta be a good place,” he says.
“It’s arguably the most powerful loan product on the market,” Chris Cline with Veterans United Home Loans says.
He says part of the GI bill is meant to help vets become homeowners, all they have to do is take advantage of it.
“This is an earned benefit, not everybody is entitled to this benefit,” Cline says. “Our veterans and service members sacrificed a great deal for our country.”
“Home ownership, it makes you feel so much better about yourself, and that's one of the things that vets struggle with a little bit is where they fit in cause they've spent so much time over there,” Howe says.
So maybe, this is one way to say thanks.
Chris Cline says he expects the loan growth to continue.
If you’re a vet that’s interested in this loan service you can find out more at veteransunited.com.