VA provides 659 home purchase loans in New Mexico in Q1

Government ,State Government
Kimberly M. Jackson VA Chief of Staff - https://department.va.gov
Kimberly M. Jackson VA Chief of Staff - https://department.va.gov
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Jul 26, 2025
ByEnchantment State News
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There were 659 VA home purchase loans issued in New Mexico in the first quarter of the fiscal year 2025, totaling $230.8 million, according to figures provided by the Veterans Affairs Home Loans Index.

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.

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