Show Vets Apply For G. G Gl GI I. I Loans in in Utah UtahAn An increasing increasing- number of veterans veterans veterans vet vet- erans living in Utah in-Utah Utah are taking advantage of the G. G I I. I bill to finance purchase of oC homes This was reported Tuesday by E. E A. A Littlefield manager of the I veterans administration regional office at 1710 S. S Redwood rd He said four times as many veterans now no are financing homes under the G. G I. I bill as were a year ago The V. V A A. A rece received ed 87 more home loan applications in January than it did in December According According According Accord Accord- ing to Mr Littlefield this raised January receipts to the the the largest largest largest larg larg- est for any month since April 1947 There were only 5 52 applications applications applications received in January 1949 This increase was attributed to the greater availability of moderately moderately moderately priced homes and Oro 1 1 money for mortgage financing Under the home loan program the V. V A A. guarantees the lender against l loss ss for 50 of the loan up to a maximum of 1000 for any eligible The V. V A. A also pays the lender for credit to the veterans veteran's account a sum equal to Oro 4 of the amount guaranteed The interest rate may not exceed exceed exceed ex ex- 4 |