VA provides 1,125 home loans in Tennessee totaling $399.2 million in Q3

Oct 9, 2023

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The U.S. Department of Veterans’ Affairs (VA) issued 1,125 home loans totaling $399.2 million in Tennessee during the third quarter of the fiscal year 2023, according to figures provided by the Veterans’ Affairs Home Loans Index.

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, enabling lenders 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.

Jim Brown State Director at NFIB - National Federation of Independent Business - Tennessee

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