Quantcast

Golden State Today

Thursday, October 31, 2024

VA provides 63.8% fewer home purchase loans in California in Q3 2023

Realestate3

Adobe Stock

Adobe Stock

There were 1,287 VA home purchases in California in the third quarter of the VA's fiscal year 2023, totaling $790.2 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 3,557 VA funded home purchases in California for the second quarter, totaling $2.1 billion.

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. Benefits may include home purchase loans, interest rate reduction refinance loans, and adapted housing grants geared toward veterans with a service-connected disability.

The VA's fiscal year stretches from Oct. 1 to Sept. 30.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS