"The VA loan is unique because it's only available to military and war veterans, as well as the spouses who've survived them. This very characteristic of the VA loan may give some indication as to why it ranks as the safest of the home loan programs in terms of foreclosure avoidance. However, simply attributing the relative security of this loan to its limited market would also undersell its value. The VA loan is unique in more ways than just its market, and that's why mortgage brokers in places where home prices are still relatively affordable, like Tennessee, can expect more applications for such loans to arrive. Veterans who are struggling to cope with the effects of the recent recession can expect assistance from qualified Tennessee mortgage loan companies like Churchill Mortgage. Since the conventional route to owning a home is still largely plagued with uncertainty, VA loans—with its Loan Guaranty Program—is the option most eligible veteran borrowers prefer."
http://tennessee.churchillmortgage.com/industry-news/tennessee-mortgage-loan-companies-discuss-the-unique-characteristics-of-va-loans/
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