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Trump's VA killed a home loan program. Thousands of veterans are paying the price
More than 15,000 veterans saw monthly payments rise by at least $150 after the VA ended a low-interest mortgage aid program, NPR found.
- Foreclosures on VA-backed loans reached a 10-year high following the May 1, 2025, termination of the Veterans Affairs Servicing Purchase program, leaving thousands of military veterans without a low-interest option to manage financial hardships.
- Led by Wisconsin Republican Rep. Derrick Van Orden and Illinois Republican Rep. Mike Bost, House Republicans pushed to end VASP, fearing it put taxpayers at risk despite industry warnings of high-cost alternatives for veterans.
- More than 15,000 veterans faced monthly payment increases of at least $150 after the closure; combat veteran Scott Boyd is now stuck paying $1,181 more every month after being forced into a high-interest modified loan.
- It took the Department of Veterans Affairs more than 13 months to design the new Partial Claim Program , which launched in June; most mortgage lenders still lack access ahead of the November 28 implementation deadline.
- California Democratic Rep. Mark Takano, the committee's top Democrat, called the resulting financial distress "the height of insanity," while experts warn that without immediate government action, the wave of foreclosures is likely to continue.
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NEW: NPR Reporting Finds that Derrick Van Orden Killing VA Home Loan Program Forced Veterans to Pay Higher Interest Rates and Monthly Payments
Last year, Derrick Van Orden gutted a VA home loan program that helped 33,000 veterans afford their mortgages. Now, “thousands of military veterans with VA-backed mortgages have been hit with higher interest rates and monthly payments.” Thousands of veterans have seen their monthly payments increase by at least $500, and more than 700 have seen payment increases of $1,000 or more per month. NPR spoke with a veteran who is now paying $1,181 more …
Trump's VA killed a home loan program. Thousands of veterans are paying the price
An NPR investigation finds that more than 15,000 military veterans were put into much-higher-cost home loans after the Trump administration cut a key program. Many now pay $1,000 more per month.
·San Diego, United States
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Total News Sources12
Leaning Left4Leaning Right0Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 36%
C 64%
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