| Show Gl GI Loan Benefit Is An n Asset The GI Loan Benefit is a valuable asset and every veteran or eligible service serviceman man should know what his benefits are and what he is entitled to under the GI loan program GI loans are available to qualified qualified qualified fied World War Two veterans with 90 days service or more and post Korean veterans with more than six months service Under certain conditions and limitations the Veterans Ad Administration Administration Administration Ad- Ad ministration will make direct loans t to veterans in designated areas The purpose of this loanis loanis loan loanis is for housing to be occupied by the veteran Loan funds can be used to buy an existing home or buy a farm on which there is a home or to build on land owned by him Loan funds can also be used for re repairing repairing re- re pairing altering or improving a home which the veteran Is occupying Generally no down payment Is required At the present time th the interest rate is 7 71 2 2 1 percent percent percent per per- cent with terms up to 30 years The loan can be paid off at any time without penalty There is no discrimination because of 01 race color creed or national origin Exec Order Time in processing a loan in including including including in- in appraisal of the property property property pro pro- perty Is approximately four weeks In some cases It is possible to close the loan In three weeks Veterans can arrange for a direct loan by writing the Loan Guaranty Division Veterans Administration South State Street Salt L Lake ke City or telephone VA loan personnel will be happy to discuss your housing needs and eligibility require require- ments Guaranteed GI loans are also available to qualified veterans vet vet- erans Banks or other lending agencies or real estate brokers have GI loan information on hand and will welcome your In in- in |
