Quantcast

Silver State Times

Sunday, November 24, 2024

Number of VA loans issued in Nevada decreased by 1.5% from Q2 2023 to Q2 2024

Webp c2rucqgywsybopwgvwsxsxo0ah0f

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 1,350 home loans in Nevada, totaling $585 million, during the second quarter of the fiscal year 2024, according to figures provided by the Veterans Affairs Home Loans Index.

In the same quarter of the previous year, Nevada issued 1,371 home loans, totaling $571.1 million.

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. Loan types may include purchase loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are geared toward veterans with a service-connected disability.

VA Home Loans in Nevada (Q2 2023 vs. Q2 2024)
QuarterNumber of LoansTotal Loan Amount
Q2 20241,350$585 million
Q2 20231,371$571.1 million

MORE NEWS