Yadkin Valley News

Yadkin Valley News

Thursday, January 23, 2020

North Carolina ranked eighth in total VA home loans during the first quarter of 2019

Government

By Local Labs News Service | Nov 21, 2019

Realestate3

North Carolina ranked eighth in VA home loans in the first quarter of 2019 with 6,122 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 (2019, Q1)
Rank
State
Total VA Home Loan
1
California
$4.35 billion
2
Florida
$3.03 billion
3
Texas
$2.57 billion
4
Virginia
$2.16 billion
5
Washington
$1.76 billion
6
Colorado
$1.52 billion
7
Georgia
$1.4 billion
8
North Carolina
$1.33 billion
9
Arizona
$1.26 billion
10
Maryland
$1.07 billion
11
Tennessee
$847.33 million
12
Nevada
$825.45 million
13
South Carolina
$768.14 million
14
Ohio
$722.3 million
15
Oregon
$663.25 million
16
Pennsylvania
$625.88 million
17
Alabama
$559.23 million
18
Illinois
$534.39 million
19
Missouri
$512.89 million
20
Michigan
$512.07 million
21
New York
$498.64 million
22
Indiana
$465.73 million
23
Minnesota
$462.24 million
24
Utah
$460.35 million
25
Hawaii
$439.92 million
26
Massachusetts
$373.38 million
27
New Jersey
$364.33 million
28
Oklahoma
$364.21 million
29
Idaho
$339.01 million
30
Wisconsin
$321.66 million
31
Louisiana
$314.47 million
32
Kentucky
$292.57 million
33
New Mexico
$248.94 million
34
Arkansas
$230.77 million
35
Mississippi
$228.26 million
36
Nebraska
$212.25 million
37
Kansas
$212.17 million
38
Alaska
$192.86 million
39
Iowa
$168.23 million
40
Connecticut
$159.88 million
41
New Hampshire
$155.33 million
42
Montana
$152.04 million
43
Maine
$127.69 million
44
Delaware
$125.19 million
45
West Virginia
$125.04 million
46
Wyoming
$97.55 million
47
South Dakota
$93.94 million
48
Rhode Island
$74.95 million
49
North Dakota
$69.9 million
50
District of Columbia
$66.71 million
51
Vermont
$32.48 million

Want to get notified whenever we write about State of North Carolina ?

Sign-up Next time we write about State of North Carolina, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

State of North Carolina

More News