There’s little doubt that VA benefits have great value. But in the case of a VA home loans you can’t get financing without sufficient income regardless of your military training or experience. For the bulk of military borrowers, that means steady employment that’s likely to continue.
The jobs issue has become enormously important because young vets — those aged 20 to 24 — have a 30-percent unemployment rate. This compares with a 12 percent unemployment rate for vets in general versus about 9 percent for the population at large.
Alas, no income, no mortgage.