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Sunday, December 15, 2019

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

Government

By Local Labs News Service | Nov 22, 2019

Re 3

North Carolina ranked eighth in VA home loans in the second quarter of 2019 with 5,995 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, Q2)
Rank
State
Total VA Home Loan
1
California
$4.12 billion
2
Florida
$2.87 billion
3
Texas
$2.55 billion
4
Virginia
$2.09 billion
5
Washington
$1.56 billion
6
Colorado
$1.48 billion
7
Georgia
$1.37 billion
8
North Carolina
$1.32 billion
9
Arizona
$1.26 billion
10
Maryland
$1.01 billion
11
Nevada
$798.52 million
12
Tennessee
$771.44 million
13
South Carolina
$765.45 million
14
Ohio
$602.17 million
15
Oregon
$586.55 million
16
Alabama
$510.64 million
17
Pennsylvania
$505.96 million
18
Missouri
$453.07 million
19
Illinois
$427.08 million
20
Utah
$424.45 million
21
Michigan
$417.9 million
22
Hawaii
$408.09 million
23
Indiana
$391.2 million
24
New York
$389.34 million
25
Oklahoma
$338.3 million
26
Minnesota
$336.82 million
27
Massachusetts
$323.47 million
28
New Jersey
$317.49 million
29
Idaho
$308.49 million
30
Louisiana
$300.79 million
31
Wisconsin
$275.52 million
32
Kentucky
$272.67 million
33
New Mexico
$233.78 million
34
Mississippi
$213.18 million
35
Arkansas
$197.83 million
36
Kansas
$191.36 million
37
Alaska
$151.07 million
38
Nebraska
$140.87 million
39
Connecticut
$140.02 million
40
Iowa
$137.35 million
41
Montana
$119.57 million
42
New Hampshire
$112.51 million
43
Delaware
$108.82 million
44
West Virginia
$101.37 million
45
Wyoming
$94.78 million
46
Maine
$94.46 million
47
South Dakota
$75.35 million
48
Rhode Island
$68.82 million
49
District of Columbia
$66.56 million
50
North Dakota
$52.3 million
51
Vermont
$21.93 million

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