By Paul H, Lenox Home Loans
Did you know that California is home to 2.1 million veterans?
That’s about 5% of the state’s total population!
But California is just one of five states that are each home to over 1 million vets.
Any guesses about the four that make up the rest?
- Florida – 1.7 million
- Texas – 1.7 million
- New York – 1 million
- Pennsylvania – 1 million
With talk of the fed’s hitting the first rate hike in years come December 2015, and new home purchase demand on the rise, VA loans have been instrumental in getting buyers in homes more today than in recent years.
Guidelines have relaxed a but which is also fueling demand. Refinance rates have been stabilizing within the mid to high 3%.
It’s highly recommended that if one has ever considered refinancing now is definitely the time while we are still at record lows.
No matter what state you live in, odds are good that you know a veteran. So when you tell him or her thank you, please pass along our thanks as well. We’re so grateful for each and every one of them.