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The VA Loan and Informed Disclosure (VALID) Act

Background The VA Home Loan has been an anchor for service members and veterans since it was first established as part of the 1944 G.I. Bill of Rights, also known as the Servicemen’s Readjustment Act. This landmark legislation offered lower interest rates, limited closing costs, and provided a lifetime benefit, allowing eligible borrowers to utilize it multiple times. By 1955, the first group of eligible borrowers had been granted $30 billion in loans and helped to build 20% of all homes after World War II. In passing this legislat...