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Sunday, November 24, 2024

Georgia ranked sixth among U.S. states in total VA home loans during 2022

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Georgia provided the sixth-highest number of VA home loans among U.S. states in 2022 with 38,791 loans issued, according to figures provided by the Veteran’s Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses 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.

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

Total VA Home Loan Value, Ranked by State
RankStateTotal VA Home Loan
1California$28.8 billion
2Florida$24.7 billion
3Texas$21.2 billion
4Virginia$19.1 billion
5North Carolina$11.8 billion
6Georgia$11.6 billion
7Washington$10.8 billion
8Colorado$10.6 billion
9Arizona$10.2 billion
10Maryland$8.5 billion
11Tennessee$6.9 billion
12South Carolina$6.6 billion
13Nevada$5.4 billion
14Alabama$4.9 billion
15Ohio$4.7 billion
16Pennsylvania$3.9 billion
17Oregon$3.9 billion
18Illinois$3.7 billion
19Missouri$3.6 billion
20Hawaii$3.5 billion
21Michigan$3.1 billion
22Indiana$3.1 billion
23Utah$3.1 billion
24Oklahoma$3 billion
25New York$2.7 billion
26New Jersey$2.7 billion
27Minnesota$2.4 billion
28Kentucky$2.3 billion
29Idaho$2.3 billion
30Louisiana$2.3 billion
31Massachusetts$2.3 billion
32Wisconsin$2 billion
33New Mexico$2 billion
34Arkansas$1.8 billion
35Mississippi$1.8 billion
36Alaska$1.6 billion
37Kansas$1.6 billion
38Connecticut$1.2 billion
39Nebraska$1.2 billion
40Montana$1.1 billion
41Iowa$1.1 billion
42Delaware$997.9 million
43New Hampshire$936.6 million
44West Virginia$887.3 million
45Maine$814.5 million
46Wyoming$691.6 million
47South Dakota$633.4 million
48Rhode Island$542.2 million
49District of Columbia$483.8 million
50North Dakota$459.4 million
51Vermont$227.9 million
52Guam$205.1 million
53Puerto Rico$186.7 million
54Virgin Islands$24.7 million

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