Quantcast

Constitution State News

Wednesday, April 16, 2025

VA provides 64.6% fewer home purchase loans in Connecticut in Q3 2023

Webp realestate2

There were 114 VA home purchases in Connecticut in the third quarter of the VA's fiscal year 2023, totaling $41.6 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 322 VA funded home purchases in Connecticut for the second quarter, totaling $109.5 million.

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. Benefits may include home purchase loans, interest rate reduction refinance loans, and adapted housing grants geared toward veterans with a service-connected disability.

The VA's fiscal year stretches from Oct. 1 to Sept. 30.