Housing Key Concern as Military Return to Civilian Life: Report

Originally published on November 10, 2022, for Freddie Mac.

A new survey from Freddie Mac (OTCQB: FMCC) found that 64% of active-duty servicemembers transitioning to civilian life expect their search for affordable housing to be extremely or somewhat challenging. The survey also found that the majority of veterans believe VA Home Loans provide a clear pathway to homeownership. Eighty-seven percent of active-duty military are aware of the program’s benefits, and 90% of active-duty servicemembers who are currently renting plan to use a VA Home Loan to buy a home at some point.

“The ability to find affordable housing in the current market is seen as a major challenge facing those transitioning from active duty,” said Stacy Walker, Director, Housing & Community Outreach for Freddie Mac. “The great news is that there are outstanding housing benefits available to veterans and the majority of those who want to buy a home plan to use them. To aid that effort, Freddie Mac is focused on education and outreach through a VA Home Loans guide and a CreditSmart® financial education program tailored specifically for members of the military and veterans.”

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