Updated March 4, 2026 at 10:50 AM CST
On May 1, 2025 the Trump administration abruptly shut down the only affordable option for many vets who are seriously behind on their VA home loans after Republicans in Congress complained it was putting too much taxpayer money at risk. The program was called the VA Servicing Purchase program, or VASP. It helped 33,000 vets avoid foreclosure by rolling their missed mortgage payments into a new low-interest rate loan. But VA stopped 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 higher mortgage rates. Thousands of vets have been offered loan mods with rates around 7%. This has come at a time when tens of thousands of 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 many of these vets will lose their homes if VA doesn't roll out a new program already mandated by Congress to provide a better option for vets. But that program is not yet up and running.
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 or been pushed into a much higher-cost modified mortgage 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.
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