Veterans Administration (VA)

An independent agency of the federal government created by the Service Men’s  Readjustment Act of 1944 to administer a variety of benefit programs designated  to facilitate the adjustment of returning veterans to civilian life. Among the  program’s benefits is the home loan guaranty program designated to encourage  mortgage lenders to offer long term low down payment financing to eligible  veterans by guaranteeing the lender against loss on these higher-risk loans