Number of VA loans issued in West Virginia increased by 213% from Q3 2023 to Q3 2024

Denis R. McDonough Secretary of Veterans Affairs | Official website

By Mountain State Times

Nov 12, 2024

The U.S. Department of Veterans Affairs (VA) issued 554 home loans in West Virginia, totaling $162.4 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, West Virginia issued 177 home loans, totaling $47.2 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 West Virginia (Q3 2023 vs. Q3 2024)