Fidelity Mortgage Inc.

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VA Loans & Housing

We understand the sacrifice that veterans and their families make. Please give us the privilege of assisting you in your home-buying process.

VA Loan Information

The United States Department of Veterans Affairs, commonly referred to as the Department of Veterans Affairs, offers a mortgage program that helps qualified individuals and families buy, build, or improve a home or refinance an existing mortgage.

Federal law requires VA lenders to comply with the Fair Housing Act, but this has not always been the case. Black veterans are routinely denied some of the mortgages and other benefits provided to veterinarians under the GI Act.

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A VA loan is a mortgage loan in the United States guaranteed by the U.S. This program is for U.S. military veterans and surviving spouses.

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VA Housing and Fair Housing Act

A VA loan is a mortgage loan issued by the United States. The Department of Veterans Affairs is provided. This program is available to active and veteran members and their families, including surviving spouses. The loan is secured by VA but issued by a private lender. VA offers several types of mortgages:

Purchase loans
Native American Direct Loan (NADL)
Reduced Rate Refinancing Loan (IRRRL)
Refinancing Loan with Payment

Federal law requires VA lenders to follow fair housing laws. This applies to all parts of the housing process, including the sale and rental process. It is a violation of federal law to deny rent, housing or a loan based on race, religion, sex, national origin, marital status, and/or disability.

VA Loan Experts Talk Key Takeaways

  • The Geographical Indications Act provided certain benefits to World War II veterans, including education subsidies, unemployment insurance, and low-interest mortgages.
  • Black veterans received a disproportionate proportion of dishonorable and blue discharges, making them ineligible to benefit from the GI bill.
  • Redlines and overtly racist alliances prevented many blacks, including veterans, from getting a mortgage or moving to the suburbs.
  • Decades of racism in the US housing and credit industries have widened racial disparities in education and wealth.
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