VA Launches Plan To Save Veterans From Losing Homes
Summary
The Department of Veterans Affairs (VA) introduced a new Partial Claim Program to help veterans who are behind on their VA-backed mortgage payments avoid losing their homes. The program offers a three-month trial repayment period, after which the VA will cover overdue payments that veterans can repay later when they sell, refinance, or pay off their loan.Key Facts
- The VA created a foreclosure-prevention program called the Partial Claim Program.
- Veterans struggling to pay their mortgage get a three-month trial to catch up on payments.
- After the trial, the VA pays the overdue balance, which veterans repay later when possible.
- Over 10,000 veterans lost homes after a previous relief program ended in May 2025.
- Around 90,000 veterans were behind on payments or facing foreclosure before the new program.
- The old relief program helped stabilize loans but ended without a permanent replacement.
- The Partial Claim Program doesn’t reduce loan balances or give ongoing payment help.
- Experts warn the program may help only during short-term financial problems, not long-term ones.
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