The number of VA purchase loans in New Mexico for 2025 was 2,836 and totaled $1 billion, according to figures provided by the Veterans Affairs Home Loans Index.
By comparison, there were 2,745 VA purchase loans in New Mexico for the previous year, totaling $927.6 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.
Information in this article was obtained from the U.S. Department of Veterans Affairs (VA). The source data can be found here.
