A VA loan calculation app that will help you decide whether you need a loan or a mortgage, and where to get one, is on the way.
The VA Loan Calculator app is available to veterans, their families and their friends via the VA’s website.
The app is developed by V.A.VA, the government-owned nonprofit that runs the VA.
The program, which launched in April, has been downloaded more than 20 million times.
“We’re pleased that veterans are finally able to take the VA loan calculators from VA to the home they need,” said Scott Tittel, director of the VA Loan Assistance Program, which is a collaboration between the VA and the Veterans Choice Program.
“These calculators can be used by vets to understand their loan needs and the best home for them.”
Tittel said the app’s calculator was developed in collaboration with the VA to help veterans and their families understand how much they will need for a down payment, the loan amount, and the interest rate.
The calculator allows veterans to make loan decisions, including the types of homes they would like to own, whether to go to a mortgage lender, and how much cash they would need to get started.
“This is a great tool for the veterans who have fallen through the cracks,” Tittell said.
“They can easily get an estimate and a decision on how to finance their next mortgage or even start their own business.
Veterans can take advantage of the calculator and the VA will also be providing additional information about the program, including a breakdown of how much VA grants are available for veterans to access.”
These calculaters are a great step toward helping veterans to find the best place to live, which will in turn help them find employment,” Titchel added.
The project also will allow the VA staff to help vetocountry.org users navigate through the VA application process, which can be complicated by a lack of information.”
The VA Loan Assessments app will help veterans make informed decisions on where to invest their hard-earned dollars and build a more stable, secure retirement for themselves and their family.”