VA loans turn 75, celebrate with home loan

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Real Estate

SANTA CLARA, Calif. – April 3, 2019 – Realtor.com and Veterans United Home Loans announced that they're celebrating 75 years of the VA loan program with the "$75,000 Veteran Homebuyer Giveaway." It's their fourth collaborative giveaway for veterans.

"For three quarters of a century, the VA loan has fulfilled its mission of providing our veterans and service members the American dream of homeownership," says Kris Farmer, chief marketing officer at Veterans United, which says it provided more VA loans in 2018 than any company in the nation.

VA purchase loans surged nearly 60 percent from fiscal 2013 to 2018, according to national data released by the U.S. Department of Veterans. The VA's fiscal year runs Oct. 1 – Sept. 30.

"We are thrilled to celebrate the success and longevity of the VA loan and how many people it has helped become homeowners over the past 75 years," adds Anthony Perry, vice president, media sales, at realtor.com. "We at realtor.com are thankful for those who have given so much to this country and are proud to have a role in giving back to a service member."

The giveaway is open to qualifying U.S. military service members and U.S. military veterans, subject to the official rules. Entries to the giveaway will be accepted until 11:59 a.m. Eastern Time on May 31, 2019. Candidates can apply online through realtor.com's website.

The winner will receive $75,000 (may be subject to tax withholding) at the closing of a home purchase transaction, subject to the official rules. Full prize details, conditions and sweepstakes rules are also posted on realtor.com's website.

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