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Saturday, December 14, 2019

North Carolina ranked eighth in total VA home loans during 2018

Government

By Local Labs News Service | Nov 19, 2019

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North Carolina ranked eighth in VA home loans in 2018 with 28,866 loans issued, according to figures provided by the Veteran’s 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.

A number of VA housing programs can help members buy, build or repair their homes. Loan types may include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are geared toward veterans with a service-connected disability.

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

Total VA Home Loan Value, Ranked by State
Rank
State
Total VA Home Loan
1
California
$21.88 billion
2
Florida
$13.48 billion
3
Texas
$12.25 billion
4
Virginia
$11.43 billion
5
Washington
$8.1 billion
6
Colorado
$7.39 billion
7
Georgia
$6.36 billion
8
North Carolina
$6.29 billion
9
Arizona
$6.09 billion
10
Maryland
$5.21 billion
11
Tennessee
$3.77 billion
12
South Carolina
$3.6 billion
13
Nevada
$3.48 billion
14
Ohio
$3 billion
15
Oregon
$2.99 billion
16
Pennsylvania
$2.8 billion
17
Illinois
$2.49 billion
18
Alabama
$2.46 billion
19
Hawaii
$2.31 billion
20
Missouri
$2.24 billion
21
Michigan
$2.21 billion
22
Utah
$2.03 billion
23
Indiana
$1.99 billion
24
New York
$1.98 billion
25
Minnesota
$1.89 billion
26
Massachusetts
$1.75 billion
27
New Jersey
$1.73 billion
28
Oklahoma
$1.64 billion
29
Wisconsin
$1.48 billion
30
Idaho
$1.46 billion
31
Louisiana
$1.45 billion
32
Kentucky
$1.38 billion
33
New Mexico
$1.16 billion
34
Kansas
$1.04 billion
35
Arkansas
$1.03 billion
36
Alaska
$972.67 million
37
Mississippi
$924.39 million
38
Nebraska
$808.72 million
39
Connecticut
$761.45 million
40
Iowa
$753.87 million
41
New Hampshire
$711.66 million
42
Montana
$708.82 million
43
Delaware
$586.42 million
44
Maine
$507.85 million
45
West Virginia
$487.78 million
46
Wyoming
$468.88 million
47
South Dakota
$406.23 million
48
Rhode Island
$332.33 million
49
North Dakota
$329.61 million
50
District of Columbia
$290.66 million
51
Vermont
$143.82 million

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