A GI Loan, also known as a VA Loan, is a mortgage loan provided by private lenders and partially guaranteed by the Veterans Administration (VA) to eligible veterans, service members, and their families. It is designed to offer long-term financing to American veterans or their surviving spouses.
A VA Loan is a home loan provided under the Servicemen's Readjustment Act of 1944 and later legislation, guaranteed by the U.S. Department of Veterans Affairs (VA) for eligible veterans and service members. It ensures lenders are compensated in the event of borrower default.
