DEPARTMENT OF VETERANS AFFAIRS
Regional Office
701 Loyola Avenue
New Orleans, LA  70113

Bulletin 26-01-11

SUBJECT:   INCREASE IN MAXIMUM INTEREST RATES ON NEW VENDEE ACCOUNTS

Vendee Loans:  Effective for all purchase offers for VA-acquired properties received in field stations on or after December 17, 2001, the interest rate on new vendee accounts will be 7.00 percent.  In the event that December 17, 2001, falls during a previously advertised simultaneous period for a particular property, all offers received for that property during the simultaneous period will be considered received at the lowest rate during the period.

Jim Johnson, Jr.
Acting Loan Guaranty Officer

Return to    Loan Guaranty Announcements       Loan Guaranty Information     VA Louisiana Home Page