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Wednesday, September 10, 2025

Number of VA loans issued in South Dakota increased by 65.1% from Q1 2024 to Q1 2025

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Tanya Bradshe Deputy Secretary of Veterans Affairs | https://department.va.gov

Tanya Bradshe Deputy Secretary of Veterans Affairs | https://department.va.gov

The U.S. Department of Veterans Affairs (VA) issued 449 home loans in South Dakota, totaling $158.2 million, during the first quarter of the fiscal year 2025, according to figures provided by the Veterans Affairs Home Loans Index.

In the same quarter of the previous year, South Dakota issued 272 home loans, totaling $87.6 million.

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 eligible individuals buy, build, or repair their homes. These include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are designed for veterans with service-connected disabilities.

VA Home Loans in South Dakota (Q1 2024 vs. Q1 2025)
QuarterNumber of LoansTotal Loan Amount
Q1 2025449$158.2 million
Q1 2024272$87.6 million

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