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Peach Tree Times

Friday, November 1, 2024

VA provides 5,161 home loans in Georgia totaling $1.6 billion in Q2

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The U.S. Department of Veteran’s Affairs (VA) issued 5,161 home loans totaling $1.6 billion in Georgia during the second quarter of the fiscal year 2023, according to figures provided by the Veteran’s Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses in achieving homeownership through loans provided by banks and mortgage companies.

A portion of the loan is guaranteed by the VA, which allows the lender to provide better rates.

A number of VA housing programs can help members buy, build or repair their homes. Loan types may include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are geared toward veterans with a service-connected disability.

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