VASP: A Lifeline for Veterans in Financial Crisis
Starting May 31, 2024, veterans and active-duty service members with VA-guaranteed home loans facing severe financial hardship can turn to the Veterans Affairs Servicing Purchase (VASP) program. Designed to prevent foreclosure, VASP aims to assist over 40,000 veterans and their families in keeping their homes.
The VASP program isn't just about averting foreclosure; it's about preserving the dignity and security of those who have served their country. By providing a safety net during times of financial turbulence, it ensures that the sacrifices made by veterans and their families are met with unwavering support and gratitude.
Here's how it works: Veterans experiencing financial difficulties should contact their mortgage servicer directly to explore available options. Mortgage servicers will then assess each case, identifying eligible borrowers and advocating on their behalf to avoid foreclosure.
For more details, visit: VA Press Room VA Resources - VASP Program FAQs
Let's ensure our veterans have the support they need to stay secure in their homes.
