Wikipedia says that “Veterans Day is an official United States holiday that honors people who have served in the U.S. Armed Forces, also known as veterans. It is a federal holiday that is observed on November 11. It coincides with other holidays such as Armistice Day and Remembrance Day, which are celebrated in other parts of the world and also mark the anniversary of the end of World War I (major hostilities of World War I were formally ended at the 11th hour of the 11th day of the 11th month of 1918, when the Armistice with Germany went into effect). The United States also originally observed Armistice Day; it then evolved into the current Veterans Day holiday in 1954.”

The stock market is open on Veteran’s day but the bond market is closed.

Military Service and VA Loan benefit for housing

VA.gov says that to obtain a home loan, “You must have suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan.”

VA home loans can be used to:

• > Buy a home, a condominium unit in a VA-approved project
• > Build a home
• > Simultaneously purchase and improve a home

> Improve a home by installing energy-related features or making energy efficient improvements

> Buy a manufactured home and/or lot.

To obtain a COE, the VA says you must have been discharged under conditions other than dishonorable and meet service requirements found at the link above.

DD214.us says that “The Defense Department issues to each veteran a DD-214, identifying the veteran’s condition of discharge – honorable, general, other than honorable, dishonorable or bad conduct.”

Since 9-11-2001 alone, an estimated 2 million Americans have earned their VA benefits and have or could get a DD214. This is one of the large potential markets that manufactured housing professionals could be reaching out to serve, with loans that can have down payments as low as zero money down. Contact a VA loan provider for more details.

MHProNews  thanks all Veterans for their service to our great nation, and urges manufactured home professionals to consider ways to reach out and serve this community for the good of all. ##

(Image credit: FlickrCreativeCommons and Veterans Day National Commission)