Quantcast

Peach Tree Times

Saturday, December 21, 2024

VA provides 19.3% fewer purchase loans in Georgia for 2023 vs. 2022

Realestate077

The number of VA purchase loans in Georgia for 2023 was 16,140 and totaled $5.5 billion, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 20,638 VA purchase loans in Georgia for the previous year, totaling $6.8 billion.

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

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS