AAG Stands Behind VA Loans As A Potential Market
The American Advisors Group will be adding a government-back Veterans Affairs loans product. This product differs from the standard VA loan as it places specific needs of veterans high on the marketing efforts.
“AAG professionals are specially trained to work with seniors. It’s our entire demographic. Working with senior citizens requires special considerations and sensitivities,” said Paul Fiore, AAG Chief Retail Sales & Operations Officer, according to Reverse Mortgage Daily.
In addition to the need for more support with senior citizens, veterans actually make up a healthy percentage of the population in the U.S. This makes tapping into the VA market almost a no-brainer.
"According to data from the Housing Assistance Council, veterans make up 9 percent of the total population in the United States as of 2014," according to RMD.
"Of those, 13 million veterans are over the age of 55, while VA mortgage activity has seen a notable increase: they represented 2 percent of all home purchase loans in 2005, but that figure rose to 9 percent in 2014."
Meanwhile, data from the Housing Assistance Council also revealed that over 75-percent of American veterans owned their homes as of 2014.
To learn more about AAG's VA loan product and the company's plans moving forward, click on the image above.
