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North Carolina ranked eighth in total VA home loans during the first quarter of 2020

Government

By Metric Media News Service | Mar 26, 2020

Realestate2

North Carolina ranked eighth in VA home loans in the first quarter of 2020 with 11,653 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 (2020, Q1)
Rank
State
Total VA Home Loan
1
California
$11.72 billion
2
Florida
$5.93 billion
3
Texas
$5.35 billion
4
Virginia
$5.17 billion
5
Washington
$4.04 billion
6
Colorado
$3.86 billion
7
Arizona
$3.15 billion
8
North Carolina
$2.81 billion
9
Georgia
$2.78 billion
10
Maryland
$2.47 billion
11
Nevada
$1.77 billion
12
Tennessee
$1.64 billion
13
South Carolina
$1.59 billion
14
Oregon
$1.46 billion
15
Ohio
$1.37 billion
16
Hawaii
$1.2 billion
17
Utah
$1.16 billion
18
Pennsylvania
$1.12 billion
19
Illinois
$1.09 billion
20
Alabama
$1.07 billion
21
Michigan
$1 billion
22
Missouri
$1 billion
23
Minnesota
$950.07 million
24
Indiana
$924.17 million
25
Massachusetts
$897.17 million
26
New Jersey
$784.89 million
27
Idaho
$710.07 million
28
New York
$698.69 million
29
Wisconsin
$693.89 million
30
Oklahoma
$630.13 million
31
Louisiana
$600.83 million
32
Kentucky
$596.55 million
33
New Mexico
$456.69 million
34
Kansas
$417.02 million
35
Alaska
$395.75 million
36
Arkansas
$384.89 million
37
Nebraska
$375.48 million
38
Mississippi
$367.01 million
39
New Hampshire
$335.35 million
40
Montana
$317.68 million
41
Iowa
$317.49 million
42
Connecticut
$314.28 million
43
Delaware
$280.81 million
44
Maine
$241.94 million
45
West Virginia
$211.71 million
46
Wyoming
$210.79 million
47
South Dakota
$200.9 million
48
Rhode Island
$162.3 million
49
District of Columbia
$150.46 million
50
North Dakota
$137.74 million
51
Vermont
$65.01 million

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