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Saturday, November 23, 2024

California ranked third among U.S. states in total VA home loans during 2023

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California ranked third in VA home loans in 2023 with 19,744 loans issued, according to figures provided by 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 members buy, build or repair their homes. Loan types may include home purchase loans, interest rate reduction refinance loans (IRRRL), and adapted housing grants, geared toward veterans with a service-connected disability.

Total VA Home Loan Value, Ranked by State

RankStateTotal VA Home Loan
1Texas$16,046,781,232
2Florida$15,189,557,548
3California$11,169,066,792
4Virginia$10,132,557,224
5North Carolina$7,811,681,114
6Georgia$7,340,307,672
7Colorado$5,527,130,601
8Arizona$5,147,821,384
9Washington$5,057,907,348
10South Carolina$4,353,646,032
11Tennessee$4,303,752,792
12Maryland$4,165,383,973
13Alabama$3,232,798,374
14Ohio$2,898,725,040
15Nevada$2,547,771,444
16Pennsylvania$2,283,635,401
17Illinois$2,246,957,254
18Missouri$2,205,458,674
19Oklahoma$1,950,636,722
20Indiana$1,933,211,627
21Michigan$1,835,172,311
22Oregon$1,631,165,882
23Hawaii$1,519,312,778
24Kentucky$1,500,854,629
25New York$1,497,090,955
26Utah$1,457,136,957
27New Jersey$1,401,997,553
28Louisiana$1,326,296,697
29Minnesota$1,306,549,390
30New Mexico$1,184,134,908
31Wisconsin$1,174,851,838
32Arkansas$1,171,949,175
33Idaho$1,159,553,194
34Mississippi$1,151,014,330
35Massachusetts$1,041,911,488
36Kansas$1,028,890,218
37Alaska$889,923,677
38Nebraska$755,556,489
39Iowa$693,806,135
40Montana$661,061,624
41Connecticut$641,559,974
42Delaware$541,670,484
43New Hampshire$529,577,236
44West Virginia$529,263,501
45Maine$451,921,847
46South Dakota$410,544,347
47Wyoming$366,158,375
48Rhode Island$275,768,891
49North Dakota$257,255,353
50Vermont$128,577,139

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