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Tuesday, December 24, 2024

Kentucky ranks 31st in total VA home loans during Q2

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Kentucky ranked 31st in VA home loans in the second quarter of 2021 with 4,638 loans issued, according to the Veteran’s Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses in achieving 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 (2021, Q2)
RankStateTotal VA Home Loan
1California$19.7 billion
2Virginia$10.9 billion
3Florida$10.2 billion
4Texas$9.2 billion
5Washington$6 billion
6Colorado$5.8 billion
7Arizona$5.1 billion
8North Carolina$5 billion
9Maryland$4.9 billion
10Georgia$4.7 billion
11South Carolina$2.8 billion
12Nevada$2.7 billion
13Tennessee$2.7 billion
14Hawaii$2.3 billion
15Oregon$2.3 billion
16Alabama$2 billion
17Ohio$2 billion
18Pennsylvania$1.9 billion
19Illinois$1.8 billion
20Utah$1.6 billion
21Missouri$1.6 billion
22Massachusetts$1.5 billion
23Michigan$1.5 billion
24Minnesota$1.4 billion
25Indiana$1.4 billion
26New Jersey$1.4 billion
27New York$1.2 billion
28Idaho$1.1 billion
29Wisconsin$1.1 billion
30Oklahoma$1 billion
31Kentucky$1 billion
32Louisiana$1 billion
33New Mexico$874.4 million
34Alaska$710 million
35Arkansas$702.5 million
36Kansas$677.3 million
37Mississippi$616.6 million
38Connecticut$595.3 million
39Nebraska$581 million
40Montana$574.4 million
41New Hampshire$545.8 million
42Iowa$488.2 million
43Delaware$479.5 million
44West Virginia$362.5 million
45Maine$350.2 million
46Wyoming$346.7 million
47District of Columbia$345.1 million
48South Dakota$303.7 million
49Rhode Island$279.3 million
50North Dakota$241 million
51Vermont$123.6 million
52Guam$71.1 million
53Puerto Rico$54 million
54Virgin Islands$4.9 million

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