Delaware ranks 42nd in total VA home loans during Q1

Delaware ranks 42nd in total VA home loans during Q1
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Delaware ranked 42nd in VA home loans in the first quarter of 2022 with 1,144 loans issued, according to the Veteran’s Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses in achieving 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.

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

Total VA Home Loan Value, Ranked by State (2022, Q1)
Rank State Total VA Home Loan
1 California $10.3 billion
2 Florida $7.4 billion
3 Texas $6.5 billion
4 Virginia $6.2 billion
5 Washington $3.8 billion
6 North Carolina $3.6 billion
7 Georgia $3.5 billion
8 Colorado $3.4 billion
9 Arizona $3.3 billion
10 Maryland $2.9 billion
11 Tennessee $2.1 billion
12 South Carolina $2 billion
13 Nevada $1.8 billion
14 Ohio $1.6 billion
15 Alabama $1.4 billion
16 Oregon $1.4 billion
17 Pennsylvania $1.3 billion
18 Illinois $1.3 billion
19 Hawaii $1.2 billion
20 Missouri $1.1 billion
21 Michigan $1.1 billion
22 Utah $1 billion
23 Indiana $1 billion
24 New Jersey $930.7 million
25 Oklahoma $906.3 million
26 New York $901.7 million
27 Minnesota $856.7 million
28 Massachusetts $829 million
29 Idaho $795.1 million
30 Kentucky $723.7 million
31 Wisconsin $704.1 million
32 Louisiana $688.9 million
33 New Mexico $629.7 million
34 Arkansas $552.9 million
35 Alaska $535.5 million
36 Kansas $532 million
37 Mississippi $521.6 million
38 Connecticut $431.2 million
39 Nebraska $402.3 million
40 Montana $393.1 million
41 Iowa $366.1 million
42 Delaware $338.9 million
43 New Hampshire $321.6 million
44 West Virginia $295.4 million
45 Maine $273.4 million
46 Wyoming $231.9 million
47 South Dakota $211.5 million
48 Rhode Island $178.4 million
49 North Dakota $160.4 million
50 District of Columbia $159.9 million
51 Vermont $79.1 million
52 Guam $66.2 million
53 Puerto Rico $51.2 million
54 Virgin Islands $6.8 million


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