Veterans Affairs Department

The department has played a major part in the financing of homes since the end of WORLD WAR II. Loan guaranty operations include appraising properties to establish their value, supervising the construction of new residential properties, establishing the eligibility of veterans for the program, assessing the ability of a veteran to repay a loan and the associated credit risk, servicing and liquidating defaulted loans, and disposing of real estate acquired as the consequence of defaulted loans.