VA provides 368 home loans in Delaware totaling $135.9 million in Q2

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

By First State Times

Sep 28, 2024

The U.S. Department of Veterans' Affairs (VA) issued 368 home loans totaling $135.9 million in Delaware during the second quarter of the fiscal year 2024, according to figures provided by the Veterans' Affairs Home Loans Index.

The Veterans Affairs (VA) assists service members, veterans, and eligible surviving spouses in achieving homeownership through loans that are provided by banks and mortgage companies, offering financial support and benefits unique to those who have served in the military.

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.

ORGANIZATIONS IN THIS STORY

State of Delaware