New York state receives $136.2 million in VA Interest Rate Reduction Refinance Loans during Q1

Government
Steven L. Lieberman, Under Secretary of Veterans Affairs for Health
Steven L. Lieberman, Under Secretary of Veterans Affairs for Health
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Jun 3, 2026
ByL. E. Wright
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The VA issued 358 Interest Rate Reduction Refinance Loans in New York during the first quarter of fiscal year 2026, according to the Veterans Affairs Home Loans Index.

The loans issued in New York state equaled $136.2 million.

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.

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

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

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