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Derrick Van Orden: “The VA loan program was projected to cost $16 to $20…”

Featuring: Derrick Van Orden, Republican | U.S. House, Wisconsin, District 3

'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill

Published May 21, 2026 | Video Starts at 00:58

So they did this without authorization. They did it contravening the will of Congress to the tune of $6 billion, projected to be 16 to $20 billion. Here's how … The VA loan program was projected to cost $16 to $20 billion. … institutions they just bought the loan from to service the loan because they didn't know how to do it. That's why that program went away. (00:58–01:12)

CLAIM

Asserts a projected cost range for the VA loan program.

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Derrick Van Orden

“Unelected bureaucrats under the Biden administration decided to start buying loans from lending institutions without authorization.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 00:32-00:40
“Under the previous administration, the VA bought loans, lowered the interest rate to 2.5%.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 00:58-01:12
“The VA had to contract back with the institutions they just bought the loan from to service the loan.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:12-01:19
“The vast program would have destroyed [the VA home loan guarantee program].”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:32-01:34
“I corrected the problem with the partial claim bill.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:35-01:39
“The partial claim bill will be implemented next month on the 15th.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:50-01:54
“There were veterans that lost their homes during this period of time.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 01:54-01:58
“The offset for this on average will cost $8 a month for a second home loan or refinance.”
'They're Bamboozling The American Public!': Derrick Van Orden Flames Dems Over VA Benefit Bill | Uploaded May 21, 2026 | 02:32-02:41