Quantcast

Yellowhammer Times

Saturday, September 27, 2025

VA provides 1,914 home purchase loans in Alabama in Q1

Webp c2rucqgywsybopwgvwsxsxo0ah0f

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

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

There were 1,914 VA home purchase loans issued in Alabama in the first quarter of the fiscal year 2025, totaling $636.3 million, according to figures provided by the Veterans Affairs Home Loans Index.

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 eligible individuals buy, build, or repair their homes. These include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are designed for veterans with service-connected disabilities.

MORE NEWS