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Saturday, May 31, 2025

Illinois ranks 15th in total VA home loans during Q4 2024

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Denis R. McDonough Secretary of Veterans Affairs | Ballotpedia

Denis R. McDonough Secretary of Veterans Affairs | Ballotpedia

Illinois ranked 15th in the nation in VA home loans in the fourth quarter of 2024, with 2,781 loans issued, according to 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 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.

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

Total VA Home Loan Value, Ranked by State (2024, Q4)
RankStateTotal VA Home Loan
1Texas$5 billion
2Florida$4.6 billion
3California$3.7 billion
4Virginia$3.5 billion
5North Carolina$2.7 billion
6Georgia$2.4 billion
7Colorado$1.7 billion
8Washington$1.7 billion
9Arizona$1.6 billion
10Tennessee$1.5 billion
11Maryland$1.5 billion
12South Carolina$1.5 billion
13Ohio$1.1 billion
14Alabama$1.1 billion
15Illinois$862.8 million
16Missouri$853.6 million
17Nevada$820.5 million
18Pennsylvania$795.5 million
19Indiana$748 million
20Michigan$723.9 million
21Oklahoma$665.5 million
22Oregon$588.8 million
23Kentucky$549 million
24New Jersey$525.2 million
25Utah$517 million
26Minnesota$500.3 million
27Wisconsin$492.3 million
28New York$462.9 million
29Hawaii$455.5 million
30Arkansas$452.2 million
31Louisiana$437.3 million
32Idaho$409.1 million
33Massachusetts$397.5 million
34New Mexico$397.4 million
35Mississippi$371.6 million
36Kansas$367.5 million
37Nebraska$304.7 million
38Alaska$288.8 million
39Montana$262.5 million
40Connecticut$250.6 million
41Iowa$242.7 million
42New Hampshire$217.5 million
43Delaware$192 million
44West Virginia$185.9 million
45Maine$168.4 million
46Wyoming$140.4 million
47South Dakota$138.2 million
48Rhode Island$112 million
49North Dakota$99.1 million
50District of Columbia$77.1 million
51Puerto Rico$51 million
52Vermont$37.3 million
53Guam$16.2 million
54Virgin Islands$3.8 million

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