VA provides 4.2% less Purchase Loans in South Carolina in Q2 vs. Q1 2019


The number of VA Purchase Loans for South Carolina in the second quarter of fiscal year 2019 was 2,303, and totaled $548.9 million, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, there were 2,403 VA Purchase Loans in South Carolina for the first quarter, totaling $566.1 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. Benefits may include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are geared toward veterans with a service-connected disability.

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