The VA issued 7,600 interest rate reduction refinance loans in Kentucky in the 2025 fiscal year, totaling $2.3 billion, according to figures provided by the VA Home Loans Index.
This represents a 31.0% increase from 2024, when 6,109 loans totaling $1.7 billion were issued.
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.
Several VA housing programs can help eligible individuals buy, build, or repair their homes. These include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are designed for veterans with service-connected disabilities.
| State | Number of Loans | Loan Value | % Change from 2024 |
|---|---|---|---|
| Alabama | 14,288 | $4,668,564,231 | 34.1% |
| Alaska | 2,674 | $1,139,488,674 | 32% |
| Arizona | 16,871 | $7,037,012,031 | 34.5% |
| Arkansas | 6,348 | $1,810,094,698 | 34.3% |
| California | 26,657 | $16,220,780,364 | 37.7% |
| Colorado | 14,389 | $7,244,290,150 | 32.5% |
| Connecticut | 2,488 | $990,338,637 | 36.7% |
| Delaware | 2,004 | $769,282,508 | 31.3% |
| Florida | 46,206 | $18,381,591,866 | 18.7% |
| Georgia | 27,653 | $9,780,575,410 | 24.2% |
| Hawaii | 2,651 | $1,950,404,081 | 28.7% |
| Idaho | 4,275 | $1,894,701,727 | 45.6% |
| Illinois | 11,229 | $3,558,723,568 | 39.6% |
| Indiana | 10,609 | $3,083,336,782 | 33.5% |
| Iowa | 3,834 | $1,087,238,166 | 41.7% |
| Kansas | 5,318 | $1,555,049,042 | 35.5% |
| Kentucky | 7,600 | $2,270,145,575 | 31% |
| Louisiana | 6,348 | $1,834,184,408 | 29.2% |
| Maine | 2,217 | $776,001,283 | 48.4% |
| Maryland | 12,488 | $6,208,918,078 | 35.8% |
| Massachusetts | 3,487 | $1,819,746,557 | 51.7% |
| Michigan | 10,498 | $3,071,124,902 | 42.6% |
| Minnesota | 5,902 | $2,077,510,779 | 43.2% |
| Mississippi | 5,635 | $1,624,555,644 | 30.8% |
| Missouri | 11,635 | $3,502,770,662 | 35.9% |
| Montana | 2,432 | $1,051,795,923 | 37.6% |
| Nebraska | 3,556 | $1,162,784,234 | 33.9% |
| Nevada | 7,803 | $3,576,129,599 | 33.4% |
| New Hampshire | 1,872 | $855,061,777 | 38.3% |
| New Jersey | 5,127 | $2,337,795,584 | 47.2% |
| New Mexico | 4,650 | $1,611,919,034 | 25.6% |
| New York | 5,302 | $1,907,399,237 | 28.3% |
| North Carolina | 33,429 | $11,572,223,828 | 31.6% |
| North Dakota | 1,334 | $423,937,848 | 38.9% |
| Ohio | 16,082 | $4,718,528,970 | 36.4% |
| Oklahoma | 9,463 | $2,768,236,565 | 30% |
| Oregon | 5,797 | $2,531,927,857 | 43.4% |
| Pennsylvania | 10,893 | $3,480,557,731 | 40.4% |
| Rhode Island | 974 | $465,225,866 | 53.6% |
| South Carolina | 18,061 | $6,385,960,398 | 30.9% |
| South Dakota | 1,649 | $589,804,741 | 38.1% |
| Tennessee | 17,763 | $6,603,943,956 | 36.1% |
| Utah | 4,388 | $2,221,968,125 | 38.6% |
| Vermont | 574 | $209,762,430 | 56.8% |
| Virginia | 31,940 | $14,701,952,212 | 34.8% |
| Washington | 14,201 | $7,332,992,975 | 40.5% |
| West Virginia | 2,822 | $840,667,155 | 36.8% |
| Wisconsin | 6,592 | $2,123,297,343 | 42.9% |
| Wyoming | 1,746 | $661,877,489 | 45% |
Information in this article was obtained from the U.S. Department of Veterans Affairs (VA). The source data can be found here.
