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Thursday, October 31, 2024

South Dakota ranks 47th in total VA home loans during Q1

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South Dakota ranked 47th in VA home loans in the first quarter of 2024 with 272 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 (2024, Q1)
RankStateTotal VA Home Loan
1Texas$3.3 billion
2Florida$3.1 billion
3California$2.3 billion
4Virginia$2.1 billion
5North Carolina$1.7 billion
6Georgia$1.6 billion
7Colorado$1.1 billion
8Washington$1 billion
9South Carolina$988.4 million
10Tennessee$941.9 million
11Arizona$933.8 million
12Maryland$862.4 million
13Ohio$691.7 million
14Alabama$688.2 million
15Nevada$522.7 million
16Illinois$506.8 million
17Missouri$496 million
18Pennsylvania$486.1 million
19Indiana$448.4 million
20Michigan$433.5 million
21Oklahoma$419.6 million
22New York$375.2 million
23New Jersey$337.4 million
24Kentucky$331.9 million
25Hawaii$326.6 million
26Oregon$324.4 million
27Minnesota$306.3 million
28Utah$287.5 million
29Wisconsin$282.9 million
30Louisiana$281.3 million
31New Mexico$268.7 million
32Arkansas$261.2 million
33Massachusetts$243.8 million
34Mississippi$243.5 million
35Idaho$238.9 million
36Kansas$220.8 million
37Alaska$188.9 million
38Nebraska$156 million
39Iowa$154.2 million
40Connecticut$145.4 million
41Montana$138.8 million
42West Virginia$128.6 million
43New Hampshire$128.4 million
44Maine$117.2 million
45Delaware$114.9 million
46Wyoming$96.3 million
47South Dakota$87.6 million
48North Dakota$62.2 million
49Rhode Island$59.2 million
50District of Columbia$47.1 million
51Puerto Rico$40 million
52Vermont$32.9 million
53Guam$21.4 million
54Virgin Islands$4.8 million

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