Updated May 2, 2025 at 2:23 PM EDT
On May 1, the Trump administration abruptly shut down the only affordable option for many vets who are seriously behind on their VA home loans. The program is called the VA Servicing Purchase program, or VASP. It has recently helped at least 17,000 vets to save their homes by rolling their missed mortgage payments into a new low-interest rate loan. But now VA is not letting any more vets into the program.
This means that vets with VA loans now have worse options than most other Americans if they've fallen behind on mortgage payments since the VA's remaining loan modification options all basically require vets to take out a new loan at today's high mortgage rates of around 7%. This comes at a time when 90,000 vets are seriously behind on their VA home loans. Some of them were left stranded by the VA's own missteps with a COVID forbearance program.
Industry, housing, and veterans groups have been warning that thousands of vets will lose their homes if VA doesn't turn VASP back on until it gets a replacement program in place.
If you are going through this or have been affected by it, NPR wants to hear from you! If you've already lost your home we'd like to hear your story too.
Sharing your experience by filling out the survey below will help us understand the scope of the problem and what homeowners are going through.
We may reach out to you to find out more about your experience and ask if you'd be willing to do an interview.
Copyright 2025 NPR
