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VA to shutter home loan bailout program for veterans

The Department of Veterans Affairs will end the VASP mortgage assistance program on May 1, 2025.
The program, launched in May 2024, assists veterans facing foreclosure on VA-backed home loans.
VASP purchased over 17,000 delinquent loans valued at nearly $5.5 billion to keep veterans in their homes.
Senator Blumenthal stated that eliminating the program is "an act of cruelty and incompetence."
The VA's decision followed criticism, and House Republicans intend to create a partial claim program.

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Military.com

Center

Year-Old VA Mortgage Rescue Program Ended by Trump Administration

The VA will stop accepting new participants for what's called the Veterans Affairs Servicing Purchase program, or VASP, starting May 1, the department confirmed Friday.

10 hours ago·San Francisco, United States

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Stars and Stripes

Center

VA to shutter home loan bailout program for veterans

The Department of Veterans Affairs will end a controversial mortgage bailout program that provides “last resort” assistance to veterans facing foreclosure and holding VA-backed loans, the agency announced.

11 hours ago·Washington, United States

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Daily Kos

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Trump's war on veterans targets program to help them keep their homes

The Department of Veterans Affairs is ending a program that has helped over 17,000 veterans attain homeownership. It is just the latest in a series of attacks and slights against veterans from ...

13 hours ago·United States

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Military Times

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Marine Corps Times

Center

VA leaders to halt mortgage rescue program launched last year

The Veterans Affairs Servicing Purchase program aimed to help financially strapped veterans get lower interest rates and avoid eviction from their homes.

14 hours ago·Vienna, United States

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Detroit Lakes Online

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Letter: In the face of cuts, a special thanks to veterans and the Veterans Administration

DETROIT LAKES — I wanted to thank veterans in this letter because I am the product of a military household. Army Brat is a title I wear proudly, as my father and step-dad both served in the U.S. Army and are Vietnam War veterans. Both of my grandfathers served during World War II, and one of my uncles served in the Navy. I grew up watching service men and women proudly upholding their oath to the United States Constitution, “to support and defen…

17 hours ago

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npr

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Georgia Public Broadcasting

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Trump's VA is ending a rescue program that's saved 17,000 military veterans' homes

The Department of Veterans Affairs says it will end a mortgage rescue plan that has saved many veterans from needlessly losing their homes, the move could strand thousands of others who need help.

1 day ago·Washington, United States

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