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Wednesday, November 27, 2024

VA provides 23.6% fewer purchase loans in Wisconsin for 2023 vs. 2022

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The number of VA purchase loans in Wisconsin for 2023 was 3,105 and totaled $915.3 million, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 4,186 VA purchase loans in Wisconsin for the previous year, totaling $1.2 billion.

The VA assists service members, veterans and eligible surviving spouses to achieve 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 home purchase loans, interest rate reduction refinance loans (IRRRL), and adapted housing grants, geared toward veterans with a service-connected disability.

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