Quantcast

Mountain State Times

Saturday, December 21, 2024

VA provides 16.2% fewer home purchase loans in West Virginia in Q1

Re 13

There were 393 VA home purchases in West Virginia in the first quarter of the VA's fiscal year 2024, totaling $109.5 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 469 VA funded home purchases in West Virginia for the fourth quarter of fiscal year 2023, totaling $132.1 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.

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