Indianapolis Times, Indianapolis, Marion County, 25 October 1945 — Page 10

PAGE 10

YOUR G.I. RIGHTS +, . By Douglas Larsen

U.S. Will Guarantee Loan for

Home if Vet

WASHINGTON, Oct,

terested in new homes. some questions about how the government will help them get a new place to live: Q—I just got out of the army and plan to go to college with the aid of G1 Bill of Rights provisions. Also 1 would like to buy a small house. I was just married. Can I get a joann for the bouse while I am in school? A—Before the government will guarantee a loan for the purchase of a new house it is required that the veteran have a job or at least an income which indicates he can repay a loan on convenient terms over a period of 20 years. @Q—How much money do you have to have as a down payment before the government will loan you money 6 buy a new house? A—The size of the down payment varies according to how expensive a house you want and the circumstances of the loan you want, 1t is possible to buy a house with no down payment and just the guarantee of the loan by the government, QI had it all fixed up with the bank and a real estate company to

25.—Vet- some guy from the government came erans are becoming increasingly in-jalong and said he wouldn't approve Here are|it because I was paying too much.

eran Has a Job

What can I do? A—The law says that the purchase price must be in line with the reasonable normal price of the property. The government's refusal to approve the loan is merely for your protection. There is nothing you can do if the representative won't approve it except to get the price down, | @Q—The National Housing Agency jand Veterans Administration both help in getting loans for homes. Can you get loans guaranteed from both agencies on the same house? A~—~Yes,

AMERICAL DIVISION WILL LEAVE JAPAN

TOKYO, Oct. 26 (U; P.).-The Americal division, first to be formed overseas and only one without a number, will leave Japan for the United States about Nov, 3, it was announced today. Low-point men In the division will be weeded out to make room for high-point men from other divisions on the journey home, The Americal was activated in New

get a loan and buy a house. But

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INDIANAPOLIS TIMES

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