Number of VA loans issued in Iowa increased by 185.7% from Q3 2023 to Q3 2024

Kimberly M. Jackson VA Chief of Staff | https://department.va.gov

By Hawkeye Reporter

Nov 12, 2024

The U.S. Department of Veterans Affairs (VA) issued 797 home loans in Iowa, totaling $211.9 million, during the third quarter of the fiscal year 2024, according to figures provided by the Veterans Affairs Home Loans Index.

In the same quarter of the previous year, Iowa issued 279 home loans, totaling $73.9 million.

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 purchase loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are geared toward veterans with a service-connected disability.

VA Home Loans in Iowa (Q3 2023 vs. Q3 2024)