Quantcast

The Sconi

Monday, November 25, 2024

Number of VA loans issued in Wisconsin increased by 36.5% from Q2 2023 to Q2 2024

Webp e8ck7xzd8akkybhrixsrjdiip5w2

Kimberly M. Jackson VA Chief of Staff | https://department.va.gov

Kimberly M. Jackson VA Chief of Staff | https://department.va.gov

The U.S. Department of Veterans Affairs (VA) issued 1,058 home loans in Wisconsin, totaling $308.5 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, Wisconsin issued 775 home loans, totaling $211.7 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 Wisconsin (Q2 2023 vs. Q2 2024)
QuarterNumber of LoansTotal Loan Amount
Q2 20241,058$308.5 million
Q2 2023775$211.7 million

MORE NEWS