Reminding Veterans They Are Eligible for Mortgage Assistance

A loan officer who works with credit unions throughout the Midwest says some veterans forego the home-buying assistance they earned. Kris Fish Kuhlmann (COOL-man) — a V-A Loan Specialist with the Iowa-based Premier Lending Alliance — says veterans are eligible to purchase a home with 100 percent financing — so they’re not required to have a downpayment. Kuhlmann was at the Algona V-F-W this past Saturday to meet with veterans. About 11 percent of new mortgages in the U-S are from the U-S Department of Veterans Affairs. According to the U-S Census Bureau, about nine percent of Iowa homes are occupied by veterans. Nationally, about 80 percent of veterans own their home.