VA provides 1,222 home purchase loans in Illinois in Q2

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

By Prairie State Wire

Sep 25, 2024

There were 1,222 VA home purchase loans issued in Illinois in the second quarter of the fiscal year 2024 totaling $347.6 million, according to figures provided by the Veterans Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses 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 members buy, build or repair their homes. Loan types may include home purchase loans, interest rate reduction refinance loans (IRRRL), and adapted housing grants geared toward veterans with a service-connected disability.

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State of Illinois

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