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Tuesday, December 3, 2024

Tennessee ranks 11th in total VA home loans during Q4 2023

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Tennessee ranked 11th in VA home loans in the fourth quarter of 2023 with 3,388 loans issued, according to the Veterans' Affairs Home Loans Index.

The Veterans Affairs (VA) assists service members, veterans, and eligible surviving spouses in achieving homeownership through loans that are provided by banks and mortgage companies, offering financial support and benefits unique to those who have served in the military.

A portion of the loan is guaranteed by the VA, enabling lenders to provide better rates.

Several VA housing programs are available to help members buy, build, or repair their homes, each tailored to meet different needs, including those of veterans with service-connected disabilities.

The following table shows the ranking of states in terms of total VA home loans.

Total VA Home Loan Value, Ranked by State (2023, Q4)
RankStateTotal VA Home Loan
1Texas$4.3 billion
2Florida$4.1 billion
3California$2.9 billion
4Virginia$2.8 billion
5North Carolina$2.1 billion
6Georgia$1.9 billion
7Colorado$1.5 billion
8Washington$1.4 billion
9Arizona$1.3 billion
10South Carolina$1.2 billion
11Tennessee$1.2 billion
12Maryland$1.1 billion
13Alabama$884.7 million
14Ohio$808.9 million
15Illinois$649.9 million
16Pennsylvania$647.1 million
17Nevada$635.1 million
18Missouri$626.8 million
19Oklahoma$544.4 million
20Indiana$520.9 million
21Michigan$518.3 million
22Oregon$441.4 million
23Hawaii$437.1 million
24New York$434.9 million
25Kentucky$411.9 million
26New Jersey$411.8 million
27Utah$403.2 million
28Minnesota$401.8 million
29Wisconsin$346 million
30Idaho$329.3 million
31Louisiana$328.4 million
32Arkansas$324.3 million
33Massachusetts$314.1 million
34Mississippi$300 million
35New Mexico$293.2 million
36Kansas$287.6 million
37Alaska$280.9 million
38Nebraska$233.9 million
39Iowa$209.8 million
40Montana$181.1 million
41Connecticut$175.7 million
42West Virginia$163 million
43New Hampshire$146.3 million
44Delaware$137.4 million
45Maine$129.6 million
46South Dakota$127.9 million
47Wyoming$113.3 million
48North Dakota$83.3 million
49Rhode Island$76.2 million
50District of Columbia$76 million
51Puerto Rico$43.6 million
52Vermont$38.8 million
53Guam$31.2 million
54Virgin Islands$3.3 million

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