Having trouble making your mortgage payments? If you’re a Veteran or surviving spouse, find out how our VA loan technicians can work with you, and your lender, to help you avoid foreclosure and keep your home.

2024年12月31日 · If you’re a Veteran or active-duty service member with a VA-guaranteed home loan and you’re facing foreclosure, the Veterans Affairs Servicing Purchase (VASP) program may help you keep your home. Find out if VASP is an option for you.

2024年12月31日 · WASHINGTON — Today, the Department of Veterans Affairs issued guidance to strongly encourage mortgage servicers to implement a targeted moratorium on foreclosures for Veterans with VA-guaranteed loans through December 31, 2024.

borrowers retain their homes and avoid foreclosure. VA is announcing a targeted foreclosure moratorium on VA-guaranteed loans. This will give servicers the time to implement the Veterans Affairs Servicing Purchase (VASP) program, which is described in Chapter 9 of the VA Servicer Handbook M26-4.

2023年8月10日 · VA’s home loan programs will use foreclosure only as a last resort. To prevent foreclosure, VA will pursue loss mitigation activities to maintain the borrower’s homeownership such as, providing incentive payments to servicers, purchasing loans from the mortgage holder for certain borrowers, and conducting a thorough pre-foreclosure review.

2023年5月1日 · Assuming veterans have remaining VA loan entitlement and can meet lender credit, debt, and income requirements, they can use their VA loan to purchase another home in as little as two years after a foreclosure – far better than the seven-year waiting period associated with conventional loans.

Depending on a Veteran’s specific situation, servicers may offer any of the following options to avoid foreclosure: . Repayment Plan – The borrower makes regular installment each month plus part of the missed installments.

To help ensure comprehensive home retention efforts, VA is strongly encouraging a foreclosure moratorium on all VA-guaranteed loans through May 31, 2024. Effective immediately, VA urges servicers to cease initiating, continuing, and/or completing foreclosures on all VA-guaranteed loans during this moratorium. This moratorium

Thankfully, there are several VA foreclosure avoidance options available to you that can potentially save you from losing your home. VA homeowners who are struggling to keep up with their mortgage payments should contact their lender or loan servicer immediately.

2012年7月28日 · Free mortgage counseling and the VA guarantee help make veterans’ mortgages less vulnerable in tough financial climates. A foreclosure can happen when a borrower defaults or cannot repay a...