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Cornhusker State News

Wednesday, November 5, 2025

Nebraska receives $40.9 million in VA Interest Rate Reduction Refinance Loans during Q2

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Courtney Stecker, Chief of Staff, National Cemetery Administration | Official Website

Courtney Stecker, Chief of Staff, National Cemetery Administration | Official Website

The VA issued 132 Interest Rate Reduction Refinance Loans in Nebraska during the second quarter of fiscal year 2025, according to the Veterans Affairs Home Loans Index.

The loans issued in Nebraska equaled $40.9 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 stretches from Oct. 1 to Sept. 30.

Information in this article was obtained from the Veterans Affairs Home Loans Index. The source data can be found here.

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