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Saturday, November 23, 2024

VA provides 2,157 home loans in Pennsylvania totaling $647.1 million in Q4 2023

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The U.S. Department of Veterans' Affairs (VA) issued 2,157 home loans totaling $647.1 million in Pennsylvania during the fourth quarter of the fiscal year 2023, according to figures provided by the Veterans' 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, enabling lenders 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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