North Carolina ranked fifth in the nation in VA home loans in the fourth quarter of 2024, with 8,042 loans issued, according to the Veterans’ Affairs Home Loans Index.
The VA assists service members, veterans and eligible surviving spouses to achieve homeownership through loans provided by banks and mortgage companies.
A portion of the loan is guaranteed by the VA, which allows the lender to provide better rates.
Several VA housing programs can help eligible individuals buy, build, or repair their homes. These include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are designed for veterans with service-connected disabilities.
The following table shows the ranking of states in terms of total VA home loans.
| Rank | State | Total VA Home Loan |
|---|---|---|
| 1 | Texas | $5 billion |
| 2 | Florida | $4.6 billion |
| 3 | California | $3.7 billion |
| 4 | Virginia | $3.5 billion |
| 5 | North Carolina | $2.7 billion |
| 6 | Georgia | $2.4 billion |
| 7 | Colorado | $1.7 billion |
| 8 | Washington | $1.7 billion |
| 9 | Arizona | $1.6 billion |
| 10 | Tennessee | $1.5 billion |
| 11 | Maryland | $1.5 billion |
| 12 | South Carolina | $1.5 billion |
| 13 | Ohio | $1.1 billion |
| 14 | Alabama | $1.1 billion |
| 15 | Illinois | $862.8 million |
| 16 | Missouri | $853.6 million |
| 17 | Nevada | $820.5 million |
| 18 | Pennsylvania | $795.5 million |
| 19 | Indiana | $748 million |
| 20 | Michigan | $723.9 million |
| 21 | Oklahoma | $665.5 million |
| 22 | Oregon | $588.8 million |
| 23 | Kentucky | $549 million |
| 24 | New Jersey | $525.2 million |
| 25 | Utah | $517 million |
| 26 | Minnesota | $500.3 million |
| 27 | Wisconsin | $492.3 million |
| 28 | New York | $462.9 million |
| 29 | Hawaii | $455.5 million |
| 30 | Arkansas | $452.2 million |
| 31 | Louisiana | $437.3 million |
| 32 | Idaho | $409.1 million |
| 33 | Massachusetts | $397.5 million |
| 34 | New Mexico | $397.4 million |
| 35 | Mississippi | $371.6 million |
| 36 | Kansas | $367.5 million |
| 37 | Nebraska | $304.7 million |
| 38 | Alaska | $288.8 million |
| 39 | Montana | $262.5 million |
| 40 | Connecticut | $250.6 million |
| 41 | Iowa | $242.7 million |
| 42 | New Hampshire | $217.5 million |
| 43 | Delaware | $192 million |
| 44 | West Virginia | $185.9 million |
| 45 | Maine | $168.4 million |
| 46 | Wyoming | $140.4 million |
| 47 | South Dakota | $138.2 million |
| 48 | Rhode Island | $112 million |
| 49 | North Dakota | $99.1 million |
| 50 | District of Columbia | $77.1 million |
| 51 | Puerto Rico | $51 million |
| 52 | Vermont | $37.3 million |
| 53 | Guam | $16.2 million |
| 54 | Virgin Islands | $3.8 million |
