Of the 16.4 million active-duty service members and military veterans with mortgages, less than 12% have a loan guaranteed by the Department of Veterans Affairs.

Some blame this low participation rate on a lack of promotion for the VA home loan program, which was created in 1944. Many loan officers don't even ask potential clients if they are veterans. And many veterans don't know enough about the program to ask for a VA loan.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.