Number of VA loans issued in Delaware increased by 12.5% from Q2 2023 to Q2 2024

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

By First State Times

Sep 4, 2024

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

In the same quarter of the previous year, Delaware issued 327 home loans, totaling $118.3 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. 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.

VA Home Loans in Delaware (Q2 2023 vs. Q2 2024)