Rushmore State News

South Dakota ranked 46th in VA home loans in 2023 with 1,279 loans issued, according to figures provided by the Veterans 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.

Several VA housing programs can help members buy, build or repair their homes. Loan types may include home purchase loans, interest rate reduction refinance loans (IRRRL), and adapted housing grants, geared toward veterans with a service-connected disability.

Rank	State	Total VA Home Loan
1	Texas	$16,046,781,232
2	Florida	$15,189,557,548
3	California	$11,169,066,792
4	Virginia	$10,132,557,224
5	North Carolina	$7,811,681,114
6	Georgia	$7,340,307,672
7	Colorado	$5,527,130,601
8	Arizona	$5,147,821,384
9	Washington	$5,057,907,348
10	South Carolina	$4,353,646,032
11	Tennessee	$4,303,752,792
12	Maryland	$4,165,383,973
13	Alabama	$3,232,798,374
14	Ohio	$2,898,725,040
15	Nevada	$2,547,771,444
16	Pennsylvania	$2,283,635,401
17	Illinois	$2,246,957,254
18	Missouri	$2,205,458,674
19	Oklahoma	$1,950,636,722
20	Indiana	$1,933,211,627
21	Michigan	$1,835,172,311
22	Oregon	$1,631,165,882
23	Hawaii	$1,519,312,778
24	Kentucky	$1,500,854,629
25	New York	$1,497,090,955
26	Utah	$1,457,136,957
27	New Jersey	$1,401,997,553
28	Louisiana	$1,326,296,697
29	Minnesota	$1,306,549,390
30	New Mexico	$1,184,134,908
31	Wisconsin	$1,174,851,838
32	Arkansas	$1,171,949,175
33	Idaho	$1,159,553,194
34	Mississippi	$1,151,014,330
35	Massachusetts	$1,041,911,488
36	Kansas	$1,028,890,218
37	Alaska	$889,923,677
38	Nebraska	$755,556,489
39	Iowa	$693,806,135
40	Montana	$661,061,624
41	Connecticut	$641,559,974
42	Delaware	$541,670,484
43	New Hampshire	$529,577,236
44	West Virginia	$529,263,501
45	Maine	$451,921,847
46	South Dakota	$410,544,347
47	Wyoming	$366,158,375
48	Rhode Island	$275,768,891
49	North Dakota	$257,255,353
50	Vermont	$128,577,139