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Sunday, December 22, 2024

Utah ranks 24th in total VA home loans during Q2

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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

Utah ranked 24th in the nation in VA home loans in the second quarter of 2024, with 740 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, Q2)
RankStateTotal VA Home Loan
1Texas$3.7 billion
2Florida$3.6 billion
3California$2.7 billion
4Virginia$2.2 billion
5North Carolina$1.9 billion
6Georgia$1.8 billion
7Arizona$1.2 billion
8Colorado$1.2 billion
9Washington$1.1 billion
10South Carolina$1.1 billion
11Tennessee$1.1 billion
12Maryland$1 billion
13Alabama$775.8 million
14Ohio$771.7 million
15Nevada$585 million
16Pennsylvania$534.7 million
17Missouri$526.2 million
18Illinois$522.2 million
19Indiana$514.6 million
20Oklahoma$454.9 million
21Michigan$447.5 million
22Kentucky$371.4 million
23Oregon$360.7 million
24Utah$355.2 million
25Hawaii$330.3 million
26New York$314.5 million
27Louisiana$310 million
28Wisconsin$308.5 million
29New Jersey$307.1 million
30Mississippi$290.7 million
31Minnesota$289.4 million
32Idaho$287.5 million
33New Mexico$284.8 million
34Arkansas$283 million
35Massachusetts$240.1 million
36Kansas$238.4 million
37Nebraska$180.9 million
38Alaska$155.8 million
39Connecticut$154.5 million
40Iowa$153.7 million
41Montana$142.1 million
42Delaware$135.9 million
43West Virginia$133.4 million
44New Hampshire$130.9 million
45Maine$101.8 million
46Wyoming$83.2 million
47South Dakota$82.2 million
48North Dakota$62 million
49Rhode Island$58.7 million
50District of Columbia$45.7 million
51Puerto Rico$40.4 million
52Vermont$28.1 million
53Guam$17.6 million
54Virgin Islands$2.3 million

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