VA Announces Wind Down of VASP Program and VA Home Retention Waterfall
By EsqSocial Corporation 28/04/25
What Happened? On April 23, 2025, the U.S. Department of Veterans Affairs (VA) issued Circular 26-25-2 (the Circular), which announces that the VA’s Veterans Affairs Servicing Purchase (VASP) program is winding down. As of May 1, 2025, the VA will no longer accept VASP submissions and will rescind the VA Home Retention Waterfall. New VASP submissions received in VALERI by the deadline will be evaluated against the VASP qualifying criteria “subject to VA’s determination that funds remain...
By: Alston & Bird