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Sunday, December 22, 2024

North Carolina ranks 5th in total VA home loans during Q3

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Kimberly M. Jackson VA Chief of Staff | https://department.va.gov

Kimberly M. Jackson VA Chief of Staff | https://department.va.gov

North Carolina ranked fifth in the nation in VA home loans in the third quarter of 2024, with 7,159 loans issued, according to the Veterans' Affairs Home Loans Index.

The Veterans Affairs (VA) assists service members, veterans, and eligible surviving spouses in achieving homeownership through loans that are provided by banks and mortgage companies, offering financial support and benefits unique to those who have served in the military.

A portion of the loan is guaranteed by the VA, enabling lenders to provide better rates.

Several VA housing programs are available to help members buy, build, or repair their homes, each tailored to meet different needs, including those of veterans with service-connected disabilities.

The following table shows the ranking of states in terms of total VA home loans.

Total VA Home Loan Value, Ranked by State (2024, Q3)
RankStateTotal VA Home Loan
1Texas$4.4 billion
2Florida$4.2 billion
3California$3.1 billion
4Virginia$3.1 billion
5North Carolina$2.4 billion
6Georgia$2.1 billion
7Arizona$1.5 billion
8Colorado$1.5 billion
9Washington$1.4 billion
10South Carolina$1.3 billion
11Tennessee$1.3 billion
12Maryland$1.2 billion
13Alabama$929.5 million
14Ohio$844.4 million
15Nevada$735.5 million
16Missouri$685.1 million
17Pennsylvania$649.9 million
18Illinois$646.8 million
19Indiana$589.9 million
20Oklahoma$580.7 million
21Michigan$537 million
22Oregon$484.4 million
23Kentucky$473.2 million
24Utah$436.4 million
25New Jersey$405.1 million
26Hawaii$398.1 million
27Wisconsin$395.1 million
28Louisiana$383.6 million
29Idaho$358 million
30Minnesota$347.1 million
31Arkansas$344.9 million
32Mississippi$331.3 million
33New York$330.6 million
34New Mexico$327.6 million
35Kansas$314.8 million
36Massachusetts$310.7 million
37Alaska$226.2 million
38Nebraska$222.6 million
39Montana$215.3 million
40Iowa$211.9 million
41Connecticut$170.4 million
42West Virginia$162.4 million
43Delaware$140.1 million
44New Hampshire$138.8 million
45Wyoming$133.1 million
46Maine$132.5 million
47South Dakota$116 million
48North Dakota$81.1 million
49Rhode Island$71.6 million
50District of Columbia$62.5 million
51Puerto Rico$46 million
52Vermont$34.2 million
53Guam$23.8 million
54Virgin Islands$3.7 million

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