Despite problems in the nation’s housing market, mortgage loans backed by the Department of Veterans Affairs (VA) had a lower foreclosure rate than any other type of home loan in the industry, as of the end of the last fiscal year.

“The dedication of VA’s loan professionals, the support of our partners in the mortgage industry and most importantly, the hard work and sacrifice of our Veterans have made this possible,” said Secretary of Veterans Affairs Eric K. Shinseki. “VA is making good on its promise to help Veterans buy homes, and Veterans are achieving their dreams.”

Full story is available on PR Newswire