New scams target VA home loans

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

The crooks pretend to be with the VA or a mortgage company, trying to convince veterans to refinance their homes, accept a loan modification, or even start sending their mortgage payments to a new address. They also use fear tactics, trying to convince veterans that their homes are threatened with foreclosure or that they owe late fees.

“One of the most important things these days is that since everyone has smart ID, crooks can find a new way to disguise themselves as a genuine source,” said Abhijit Nag, chief information officer. IT for Texas A&M Central Texas.

“If they are elderly veterans, they may not be giving them as much time or resources to research and verify things, which makes them very vulnerable to these scams.”

To stay safe, Nag encourages you not to answer the phone if you don’t know the number.

“If they get a phone call or an email, they shouldn’t just click or respond and fill in all the information,” he said.

“One thing any veteran can do is check where the number is calling from. Sometimes the best thing to do is phone the VA just to verify that all of the information is correct.

More importantly, if you or a veteran may be the victim of the scam, Nag urges you to contact the appropriate authorities.

“If you get phone numbers and emails like this always report it to any law enforcement agency, just so they can help minimize it all in the future. “, did he declare.

Authorities push to report scams to state Attorney General’s Office, or the Federal Trade Commission.

Copyright 2021 KWTX. All rights reserved.


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