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Tuesday, December 3, 2024

VA provides 12.9% fewer home purchase loans in Connecticut in Q2

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Tanya Bradshe Deputy Secretary of Veterans Affairs | https://department.va.gov

Tanya Bradshe Deputy Secretary of Veterans Affairs | https://department.va.gov

There were 270 VA home purchases in Connecticut in the second quarter of the VA's fiscal year 2024, totaling $101.4 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 310 VA funded home purchases in Connecticut for the first quarter, totaling $116.6 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.

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