Le Lézard
Classified in: Business
Subjects: SVY, VET

National Survey Shows Service Members, Veterans Are Optimistic About Homebuying in 2023

COLUMBIA, Mo., Jan. 18, 2023 /PRNewswire/ -- Interest rate hikes and all-cash offers made homebuying challenging for service members and Veterans in the market last year, but most are optimistic about buying in 2023, according to a new national survey by Veterans United Home Loans, the nation's largest VA lender.

Even with the rocky rate and affordability outlook, 30% of current service members and 15% of Veterans plan to buy a home in 2023. Looking further, nearly three quarters of current service members (71%) plan to buy a home in the next five years.

"Despite continuing challenges in the housing market, service members and Veterans feel they will be in a great position to buy this year," said Chris Birk, vice president of mortgage insight at Veterans United. "A major reason why is their hard-earned VA loan benefit. Nearly 80 years later, this transformational benefit is still helping Veterans get a foothold in the housing market and create generational wealth."

Key findings from the 2023 Service Member and Veteran Homebuyer Report include:

Click here to read the full 2023 Service Member and Veteran Homebuyer Report.

About Veterans United Home Loans

Based in Columbia, Missouri, the full-service national lender financed more than $26 billion in loans in Fiscal Year 2022 and is the country's largest VA lender, according to the Department of Veterans Affairs Lender Statistics. The company's mission is to help Veterans and service members take advantage of the home loan benefits earned by their service.

VeteransUnited.com | 1-800-884-5560 | 550 Veterans United Drive, Columbia, MO 65201 | Veterans United Home Loans NMLS # 1907 (www.nmlsconsumeraccess.org). A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. Licensed in all 50 states. For State Licensing information, please visit http://www.veteransunited.com/licenses/. Equal Opportunity Lender. 

SOURCE Veterans United Home Loans

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News published on 18 january 2023 at 13:39 and distributed by: