Quantcast

Old North News

Sunday, April 20, 2025

VA provides 6,540 home loans in North Carolina totaling $2.1 billion in Q4 2023

Webp re 1

The U.S. Department of Veterans' Affairs (VA) issued 6,540 home loans totaling $2.1 billion in North Carolina during the fourth quarter of the fiscal year 2023, according to figures provided by the Veterans' Affairs Home Loans Index.

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, 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.

MORE NEWS