Number of VA loans issued in New York state decreased by one% from Q2 2023 to Q2 2024

Denis R. McDonough Secretary of Veterans Affairs | Ballotpedia

By Empire State Today

Sep 4, 2024

The U.S. Department of Veterans Affairs (VA) issued 965 home loans in New York, totaling $314.5 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, New York issued 975 home loans, totaling $289.1 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 New York (Q2 2023 vs. Q2 2024)