The VA issued 19,744 Interest Rate Reduction Refinance Loans in California during the 2023 fiscal year, totaling $11.2 billion, according to figures provided by the Veterans Affairs Home Loans Index.
The number of VA purchase loans in California for 2023 was 15,144 and totaled $9 billion, according to figures provided by the Veterans Affairs Home Loans Index.
As of January 2024, California experienced a 17.6% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 17.9% increase.