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Pelican State News

Tuesday, September 24, 2024

VA provides 3,862 home loans in Louisiana totaling $940 million in Q3

Realestate2

The U.S. Department of Veteran’s Affairs (VA) issued 3,862 home loans totaling $940 million in Louisiana during the third quarter of the fiscal year 2021, according to 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.

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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