[Freedom4US]

That is true but virtually all the GI benefits have been diluted severely over the years, ironically by the same congress that passed them. No doubt the default rate was very low - in any event contrary to popular lore VA doesn’t loan any money to anyone but guarantees the loan, the borrower must still meet the prevailing credit requirements.

[jennyjenny]

I understand how VA loans work. I was responding to the comment that said “encouraging people to buy homes without a substantial downpayment is idiotic.” These loans, with no down payment, have performed very well.