DS News

DS News December 2022

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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Page 34 of 99

33 VA LOANS PREFERRED CHOICE OF ACTIVE-DUTY SERVICEMEMBERS Living life on active duty in the armed forces can be a rough life. Changing orders requiring frequent relocation are a way of life for some assignments, as are living in barracks or other on-base housing for extended periods. ose that can transition from active duty back to civilian life face some challenging aspects of that transition—namely housing: where to find it and how to finance it. Knowing some of the challenges behind transitions to civilian careers, Freddie Mac has issued the results of a new survey from just under 2,000 active-duty servicemembers to understand the perceptions of active-du- ty military service members (and spouses) when it comes to home renting, ownerships, and financing (specifically VA loans). Other tracked information collected is their branch of service, gender, income, region, and urbanicity. e survey attempts to be representative of the armed forces as a whole. At the outset, the largest finding the survey revealed is that 87% of active-duty service- members are aware of the benefits of VA loans. Furthermore, 90% who are currently renting plan to utilize a VA loan to buy a home in the future. Journal

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