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Saturday, March 28, 2020

Iowa ranked 39th in total VA home loans during 2019

Government

By Metric Media News Service | Mar 24, 2020

Realestate4

Iowa ranked 39th in VA home loans in 2019 with 3,880 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
$24.06 billion
2
Florida
$14.79 billion
3
Texas
$13.1 billion
4
Virginia
$12.23 billion
5
Washington
$8.9 billion
6
Colorado
$8.53 billion
7
Arizona
$6.98 billion
8
North Carolina
$6.98 billion
9
Georgia
$6.91 billion
10
Maryland
$5.58 billion
11
Nevada
$4.21 billion
12
Tennessee
$4.15 billion
13
South Carolina
$3.93 billion
14
Ohio
$3.29 billion
15
Oregon
$3.28 billion
16
Pennsylvania
$2.79 billion
17
Alabama
$2.74 billion
18
Illinois
$2.58 billion
19
Hawaii
$2.49 billion
20
Missouri
$2.44 billion
21
Utah
$2.35 billion
22
Michigan
$2.29 billion
23
Indiana
$2.13 billion
24
Minnesota
$2.03 billion
25
New York
$1.91 billion
26
Massachusetts
$1.85 billion
27
New Jersey
$1.76 billion
28
Oklahoma
$1.73 billion
29
Idaho
$1.69 billion
30
Wisconsin
$1.58 billion
31
Louisiana
$1.53 billion
32
Kentucky
$1.48 billion
33
New Mexico
$1.21 billion
34
Kansas
$1.07 billion
35
Arkansas
$1.07 billion
36
Mississippi
$1.05 billion
37
Alaska
$1 billion
38
Nebraska
$889.84 million
39
Iowa
$788.53 million
40
Connecticut
$759.96 million
41
Montana
$744.14 million
42
New Hampshire
$736.87 million
43
Delaware
$592.64 million
44
Maine
$543.99 million
45
West Virginia
$530.88 million
46
Wyoming
$479.24 million
47
South Dakota
$439.78 million
48
Rhode Island
$362.97 million
49
District of Columbia
$342.66 million
50
North Dakota
$322.37 million
51
Vermont
$155.61 million

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