Quantcast

Palmetto State News

Monday, May 20, 2024

VA provides 58.2% fewer home purchase loans in South Carolina in Q3 2023

Re 14

There were 975 VA home purchases in South Carolina in the third quarter of the VA's fiscal year 2023, totaling $335 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 2,331 VA funded home purchases in South Carolina for the second quarter, totaling $762 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.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS