Wednesday, July 28, 2021
Home Scam/Fraud New scams are targeting VA home loans

New scams are targeting VA home loans


TEMPLE, Texas (KWTX) – The Department of Veterans Affairs is warning veterans about a new scam targeting money for VA guaranteed home loans.

The scammers are claiming to be with the VA or a mortgage company, attempting to convince veterans to refinance their homes, agree to loan modification or even start sending their mortgage payments to a new address. They’re also using fear tactics, trying to convince veterans that their homes are facing foreclosure or they owe late fees.

“One of the biggest things nowadays is that since everyone has smart ID, the scammers can find a new way to disguise themselves as an authentic source,” said Abhijit Nag, computer information systems director for Texas A&M Central Texas.

“If they’re elderly veterans, they may not give them as much time or resources to research and check things, which makes them very susceptible to these scams.”

To stay safe, Nag encourages to not answer the phone if you…

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