Veterans United Home Loans, the nations largest VA lender according to statistics kept by the Dept. of Veterans Affairs, recently released a study of the "10 Most Affordable Places for Veterans to live in 2020."
The study evaluated the strength of each city across the following dimensions: economic, wellness, and affordability using 4 relevant variables (2018-2019 Q3 Cost of Living Index, Veteran unemployment rate, 5-year rate of job growth, and median Veteran income).
"This study offers a glimpse into some of the affordability factors that are important to Veterans and service members," said Samantha Reeves, executive broker for Veterans United Realty.
To compile the list of 10 Most Affordable Places for Veterans to Live in 2020, Veterans United analysts collected data from the 100 most populated cities in the United States and compared economic, wellness, and affordability dimensions.
10 Most Affordable Places for Veterans to live in 2020
- Laredo, TX
- Corpus Christi, TX
- Lubbock, TX
- El Paso, TX
- San Antonio, TX
- Oklahoma City, OK
- Arlington/Fort Worth, TX
- Columbus, OH
- Tulsa, OK
- Jacksonville, FL
VA loans to purchase homes increased for an eighth-straight year in Fiscal Year 2019, with the government backing more than 624,000 loans, a 43 percent increase compared to five years ago, according to data from the Department of Veterans Affairs.
Legislation that took effect on Jan. 1, 2020 removes VA loan limits for Veterans with their full VA loan entitlement. This is a big win for VA buyers, especially those stationed or living in the nation's more expensive housing markets, including some on the list.
About Veterans United Home Loans
Based in Columbia, Missouri, the full-service national lender financed more than $12.8 billion in loans in Fiscal Year 2019. Its mission is to help Veterans and service members take advantage of the home loan benefits earned by their service. Earlier this year, Veterans United was named No. 23 of the Fortune 100 Best Companies to Work For, according to Great Place to Work® and Fortune Magazine. The company’s employee-driven charitable arm, Veterans United Foundation, is committed to enhancing the lives of Veterans and military families nationwide by focusing on supporting military families and nonprofit organizations that strengthen local communities. Veterans United and its employees have donated more than $50 million to the Foundation since its founding in November 2011. Learn more at EnhanceLives.com. Veterans United is not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. Equal Opportunity Lender. Mortgage Research Center, LLC. NMLS ID #1907
VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203 | NMLS ID #1907 (www.nmlsconsumeraccess.org). A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. Equal Opportunity Lender. Mortgage Research Center, LLC.