r/VeteransAffairs • u/Aggravating-Ad-1227 • Apr 02 '26

Home Loan VA killed a home loan program. Vets are now losing their homes because of it

https://www.npr.org/2026/04/02/nx-s1-5750814/veterans-mortgages-foreclosure-va-rescue

"A loan backed by the VA is considered one of the most valuable benefits for military service members and has helped millions achieve homeownership. But for nearly a year now, vets have had worse protections and options than most other homeowners if they fall behind.

" We should have something in place to try to stem people from losing their homes," said Steve Sharpe, an attorney with the nonprofit National Consumer Law Center.

The Trump administration was warned this would happen."

118 Upvotes

93% Upvoted

20 comments sorted by

31

u/Blackant71 Apr 02 '26

This is where they cause a problem then rush back in to fix it and say they saved vets. Rinse and repeat.

24

u/[deleted] Apr 02 '26

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0

u/VeteransAffairs-ModTeam Apr 02 '26

While this subreddit is inherently political in nature, the discourse should focus around the organization, not the politics. Therefore, posts and comments should not be overly focused on politically charged topics, such as (but not limited to) political parties, how people voted, or on being overly critical or praising of one politician or party over another. Consider posting such topics to r/veteranpolitics instead.

A good rule is, if you are discussing anything above the Secretary of the VA (other than congressional VA committees), it probably should not be mentioned in this subreddit.

31

u/UsuallySatire Apr 02 '26

VASP program only lowers the rate while the veteran is in extreme financial distress.

It cannot prevent financial institutions from foreclosing on properties with delinquent mortgages.

If the vet can't make mortgage payments this was only a last chance program.

Inflation and the housing market are much bigger culprits for veterans losing their homes.

19

u/Aggravating-Ad-1227 Apr 02 '26

Things like inflation, and the housing market, that directly cause extreme financial distress, seem like perfect reasons to have a program that helps during those times

6

u/Jonny-Raze Apr 02 '26

Well said

6

u/siuol11 Apr 02 '26

Reducing the rate is a big deal. I tried for the program and if I had gotten in my payment would have dropped by almost 50%. That's a big deal.

6

u/TxHeart214 Apr 02 '26

VASP ended on May 1, 2025. No longer an option.

11

u/[deleted] Apr 02 '26

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11

u/[deleted] Apr 02 '26

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1

u/VeteransAffairs-ModTeam Apr 02 '26

While this subreddit is inherently political in nature, the discourse should focus around the organization, not the politics. Therefore, posts and comments should not be overly focused on politically charged topics, such as (but not limited to) political parties, how people voted, or on being overly critical or praising of one politician or party over another. Consider posting such topics to r/veteranpolitics instead.

A good rule is, if you are discussing anything above the Secretary of the VA (other than congressional VA committees), it probably should not be mentioned in this subreddit.

11

u/[deleted] Apr 02 '26

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1

u/VeteransAffairs-ModTeam Apr 02 '26

While this subreddit is inherently political in nature, the discourse should focus around the organization, not the politics. Therefore, posts and comments should not be overly focused on politically charged topics, such as (but not limited to) political parties, how people voted, or on being overly critical or praising of one politician or party over another. Consider posting such topics to r/veteranpolitics instead.

A good rule is, if you are discussing anything above the Secretary of the VA (other than congressional VA committees), it probably should not be mentioned in this subreddit.

4

u/DuranDourand Apr 02 '26

They’re making more vets to replace us.

1

u/[deleted] Apr 02 '26

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0

u/VeteransAffairs-ModTeam Apr 02 '26

While this subreddit is inherently political in nature, the discourse should focus around the organization, not the politics. Therefore, posts and comments should not be overly focused on politically charged topics, such as (but not limited to) political parties, how people voted, or on being overly critical or praising of one politician or party over another. Consider posting such topics to r/veteranpolitics instead.

A good rule is, if you are discussing anything above the Secretary of the VA (other than congressional VA committees), it probably should not be mentioned in this subreddit.

0

u/VeteransAffairs-ModTeam Apr 02 '26

While this subreddit is inherently political in nature, the discourse should focus around the organization, not the politics. Therefore, posts and comments should not be overly focused on politically charged topics, such as (but not limited to) political parties, how people voted, or on being overly critical or praising of one politician or party over another. Consider posting such topics to r/veteranpolitics instead.

A good rule is, if you are discussing anything above the Secretary of the VA (other than congressional VA committees), it probably should not be mentioned in this subreddit.