"VA loans are an outstanding option but are too often shrouded in mystery and confusion"
loanDepot has formed a VA council to help military veterans and active-duty personnel overcome common misconceptions about achieving homeownership.
The VA council is comprised of mortgage professionals who are veterans themselves and who specialize in serving fellow veterans and active-duty military personnel. loanDepot said the council "seeks to connect and educate industry professionals around the country, providing resources on the benefits, nuances and misconceptions surrounding the VA loan so they can better understand it and unlock its full potential."
"Supporting our nation's heroes for all they sacrifice is in loanDepot's DNA – and we've created the VA Council to help ensure more of these brave men and women can tap into the benefit they have earned through their service," said John Bianchi, executive vice president at loanDepot. "VA loans are an outstanding option but are too often shrouded in mystery and confusion. We aim to dispel the myths so that more of our nation's servicemen and women can benefit from this important tool."
To do this, loanDepot's VA council will host a series of in-person and virtual meetings and roundtables, as well as provide access to educational materials and proprietary technology that connect veterans with mortgage professionals and realtors.
"Serving my fellow veterans by helping them purchase a home and build wealth is the ultimate way for me as a loan officer to say thank you for your service," said VA council member Patton Gade, a loanDepot branch manager and former US Army officer. "By sharing our knowledge and passion with other industry professionals, the new VA Council helps to shine a spotlight on this incredible tool and ultimately empowers loan originators and realtors to better serve the military community."