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Peach Tree Times

Friday, November 1, 2024

VA provides 3,669 home purchase loans in Georgia in Q2 2023

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There were 3,669 VA home purchase loans issued in Georgia in the second quarter of the fiscal year 2023 totaling $1.2 billion, according to figures provided by the Veterans Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses achieve 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.

Several VA housing programs can help members buy, build or repair their homes. Loan types may include home purchase loans, interest rate reduction refinance loans (IRRRL), and adapted housing grants geared toward veterans with a service-connected disability.

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