Number of VA loans issued in Idaho decreased by 9.2% during Q2 2019


The U.S. Department of Veteran’s Affairs (VA) issued 1,200 home loans totaling $308.5 million in Idaho during the second quarter of fiscal year 2019, 122 loans less than were issued the previous quarter, according to figures provided by the Veteran’s Affairs Home Loans Index.

Idaho's first quarter VA loan totals numbered 1,322, in the amount of $339 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.

A number of 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.

Want to get notified whenever we write about State of Idaho ?

Sign-up Next time we write about State of Idaho, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

State of Idaho

More News

Metro Business Network