The Department of Veterans Affairs (VA) has reached a remarkable milestone: it has now guaranteed its 29 millionth home loan through the VA Home Loan Guaranty Program.
On August 5, a Navy veteran closed on a $235,000 home in Maryland, officially marking this achievement and highlighting the continued success of a program that has been helping service members, veterans, and their families achieve homeownership for over 80 years.

What Is the VA Home Loan Guaranty Program?
The VA Home Loan Guaranty Program was established in 1944 under the Servicemen’s Readjustment Act—part of the original GI Bill. Its purpose was clear: to make the dream of homeownership more attainable for those who served our country.

Here’s how it works:
• Borrowers obtain their loan through a private lender (bank, credit union, or mortgage company).
• The VA then guarantees a portion of the loan, lowering the risk for lenders.
• Because of this guaranty, veterans enjoy powerful benefits, including:
o No down payment required
o Competitive interest rates
o No private mortgage insurance (PMI)
o Limits on closing costs
o Foreclosure avoidance assistance
If a borrower defaults, the VA reimburses the lender for the guaranteed portion, reducing the lender’s financial risk and ensuring veterans still have access to favorable terms.

By the Numbers
The program’s impact is staggering:
• In 2025, VA reported a 19% increase in home loan processing compared with 2024.
• Since 1944, the VA has guaranteed nearly $4 trillion in home loans.
• Almost 4 million veterans currently hold active VA-backed loans.

What Leaders Are Saying
VA Secretary Doug Collins noted:
“VA's home loan program has helped service members and Veterans achieve the American dream millions of times over. It is one of the most effective federal programs in history, and we are proud to carry on its tradition of success.”
This milestone reflects not just the program’s longevity, but its ongoing importance in today’s housing market.

What Happens Next
For veterans, service members, and eligible surviving spouses considering the program, the first step is obtaining a Certificate of Eligibility (COE). This can be done either directly through the VA or via a mortgage lender.
Today, the VA reports that 99.8% of COEs are processed within just three days, ensuring fast access to this benefit.

Final Thoughts
The 29 millionth loan milestone isn’t just a number—it’s a testament to the lasting promise made to America’s veterans. The VA Home Loan Guaranty Program continues to break down barriers, opening the door to affordable, stable housing for those who have served.
For veterans ready to start their homeownership journey, the message is clear: this program remains one of the most powerful tools available to you and your family.