Trump's Terms Trump's VA killed a home loan program. Vets are now losing their homes because of it
Apr 2, 2026
Reporting uncovers how a key VA loan safety net was ended and thousands of veterans entered foreclosure. Listeners hear the timeline of policy changes, a temporary Biden fix that was cut, and how refinancing choices left many with higher payments. A family's fight to keep their home illustrates the human cost as new rules and a late replacement program fail to prevent widespread evictions.
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Killing VASP Triggered A Wave Of Veteran Foreclosures
- The VA shut down a Biden-era fix (VASP) that had prevented mass foreclosures among veterans.
- VASP refinanced 33,000 veterans to low-rate loans and its cancellation left tens of thousands exposed to foreclosure risk.
Ledford Family Lost Home After VA Delay
- Leanne Ledford and her husband lost their home after years of bureaucratic delays and a stalled VA program.
- They lived in a travel trailer, bought a house with a VA loan in 2021, then faced foreclosure after being blocked from repayment options.
Forbearance Rule Created Unaffordable Lump Sum
- The Biden VA required borrowers to repay all missed forbearance payments before resuming normal payments, creating an unaffordable lump sum.
- That rule forced many veterans into refinancing at much higher rates or default.