Utah receives $236.3 million in VA Interest Rate Reduction Refinance Loans during Q1

Government ,State Government
Kimberly M. Jackson VA Chief of Staff
Kimberly M. Jackson VA Chief of Staff
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Jul 20, 2025
Bybeehive state news
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The VA issued 475 Interest Rate Reduction Refinance Loans in Utah during the first quarter of fiscal year 2025, according to the Veterans Affairs Home Loans Index.

The loans issued in Utah equaled $236.3 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.

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