Denis R. McDonough Secretary of Veterans Affairs | Official website
Denis R. McDonough Secretary of Veterans Affairs | Official website
By comparison, there were 587 VA funded home purchases in New Mexico for the second quarter, totaling $194 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.
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