Quantcast

Show-Me State Times

Wednesday, September 10, 2025

Missouri receives $204.4 million in VA Interest Rate Reduction Refinance Loans during Q4

Webp apwfkt9sdn21g16sytuoweicmc7s

Denis R. McDonough Secretary of Veterans Affairs | Official website

Denis R. McDonough Secretary of Veterans Affairs | Official website

The VA issued 690 Interest Rate Reduction Refinance Loans in Missouri during the fourth quarter of fiscal year 2024, according to the Veterans Affairs Home Loans Index.

The loans issued in Missouri equaled $204.4 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.

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.

The VA's fiscal year extends from Oct. 1 to Sept. 30.

MORE NEWS