VA provides 1,771 home purchase loans in Illinois in Q3

Courtney Stecker, Senior advisor to the secretary of the U.S. Department of Veterans Affairs (VA) | Official Website

By A. M. Puente

There were 1,771 VA home purchase loans issued in Illinois in the third quarter of the fiscal year 2025, totaling $569.5 million, according to 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.

Information in this article was obtained from the Veterans Affairs Home Loans Index. The source data can be found here.

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State of Illinois

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