Quantcast

Rushmore State News

Tuesday, May 14, 2024

VA provides 44.8% fewer home purchase loans in South Dakota in Q3 2023

Realestate5

There were 111 VA home purchases in South Dakota in the third quarter of the VA's fiscal year 2023, totaling $35.1 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 201 VA funded home purchases in South Dakota for the second quarter, totaling $62.6 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. 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