Veterans are taking advantage of the U.S. housing market tilting in buyers’ favor, new data from Redfin shows, with lower borrowing costs and more for-sale inventory leading to greater numbers purchasing homes this summer than a year earlier.

What Do the Numbers Tell Us?

In August, the latest month for which data is available, the share of mortgaged U.S. home sales using VA loans nationwide was 7.3 percent, up from 6.5 percent a year earlier and the highest percentage for that month since 2019.

VA loans are provided by private lenders, but some of them are guaranteed by the U.S. Department of Veterans Affairs, which allows eligible veterans, active-duty service members, and surviving spouses to get more favorable terms. They require little to no down payment.

Federal Housing Administ

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