Rocket Companies Inc. has released a new analysis, in collaboration with Redfin, highlighting an increase in the use of VA loans among homebuyers. In August, 7.3% of mortgaged homebuyers nationwide used a VA loan, up from 6.5% a year earlier-the highest share for that month since 2019. VA loans, which are available to military service members and veterans, are becoming more common as the housing market shifts in favor of buyers. This environment makes it easier for buyers to secure homes with low or no down payments and to negotiate for closing cost credits. While VA loans are still limited to a specific segment of the population, their popularity is growing, with the number of VA loans rising 3% year over year in August, even as conventional loans declined by 9%. Rocket Companies notes that the current buyer's market presents a prime opportunity for veterans and service members to take advantage of these benefits.