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Saturday, November 8, 2025

Iowa ranks 38th in total value of VA home loans issued during Q3

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Margarita Devlin, Principal Deputy Under Secretary for Benefits at the Department of Veterans Affairs | Official Website

Margarita Devlin, Principal Deputy Under Secretary for Benefits at the Department of Veterans Affairs | Official Website

Iowa ranked 38th in the nation in the total value of VA home loans in the third quarter of 2025, with veterans receiving $287.6 million in financing through 1,024 loans, 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 by the total value of VA home loans issued in the third quarter of 2025.

Total VA Home Loan Value by State — Q3 2025
RankStateTotal VA Home Loan Value
1Texas$5.5 billion
2Florida$4.8 billion
3California$4.1 billion
4Virginia$4.1 billion
5North Carolina$3.1 billion
6Georgia$2.5 billion
7Colorado$1.9 billion
8Washington$1.8 billion
9Arizona$1.8 billion
10Tennessee$1.7 billion
11South Carolina$1.7 billion
12Maryland$1.6 billion
13Alabama$1.2 billion
14Ohio$1.2 billion
15Illinois$916.6 million
16Missouri$905.4 million
17Nevada$894.9 million
18Pennsylvania$852 million
19Indiana$780 million
20Michigan$776.4 million
21Oklahoma$720.4 million
22Oregon$651.5 million
23New Jersey$564.7 million
24Kentucky$561.8 million
25Utah$560.8 million
26Minnesota$521.7 million
27Wisconsin$518.9 million
28Louisiana$496.4 million
29Hawaii$484.1 million
30Idaho$475.9 million
31Arkansas$468.9 million
32Massachusetts$456.7 million
33Mississippi$436.5 million
34Kansas$431.5 million
35New York$417.3 million
36New Mexico$414.2 million
37Nebraska$307.3 million
38Iowa$287.6 million
39Montana$275.1 million
40Alaska$273.1 million
41Connecticut$230.4 million
42West Virginia$218 million
43New Hampshire$196 million
44Delaware$185 million
45Maine$182.9 million
46Wyoming$173.7 million
47South Dakota$146.8 million
48Rhode Island$109 million
49North Dakota$108.4 million
50Vermont$47.5 million

Information in this article was obtained from the Veterans Affairs Home Loans Index. The source data can be found here.

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