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Monday, September 29, 2025

VA provides 3,319 home loans in Alabama totaling $1.1 billion in Q4 2024

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

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

The U.S. Department of Veterans' Affairs (VA) issued 3,319 home loans totaling $1.1 billion in Alabama during the fourth quarter of the fiscal year 2024, 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.

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