Midway through Fiscal Year 2021, the VA loan program is on pace to blow past last year's record-setting 1.2 million loans. See which cities are seeing the most growth compared to last year.
Numerous cities in America offer a high quality of life, but sometimes those cities are not always the most affordable for veterans looking to utilize their VA home loan benefit. Finding a balance between affordability and economic wellness is important whether you’re a young professional fresh out of college, or a service member looking to relocate.
With 70% of new homeowners projected to be Hispanic between now and 2040, Census data show the homeownership rate for Hispanic and Latino Veterans is nearly 20 percentage points higher than for non-Veterans.
With the housing market starting to shift once again, VA buyers are incredibly well positioned to stay competitive, if not come out on top.
The VA loan program is living up to its original promise by helping narrow the homeownership gap for female Veteran and Veterans of color.
Black Veterans have higher homeownership rates than Black non-Veterans, and the difference in homeownership rates between white and Black Veterans is considerably smaller than the gap between white and Black civilians, according to a review of five years’ worth of Census data.
Millennial and Gen Z Veterans accounted for more than half of all VA purchase loans in a record year for this historic benefit program. Gen Z in particular is starting to make its presence felt in markets across the country.
VA loans had their biggest year ever in Fiscal Year 2021, thanks to interest rates near modern-day lows and a wave of younger homebuyers. Check out the biggest markets for this historic benefit program.
With a white-hot housing market and low interest rates, Veterans turned to their home loan benefit in numbers never seen before. The average VA purchase loan came in just under $345,000, a 13% increase from last fiscal year.
Younger Veterans and service members continue to have an outsized impact on VA lending. Here's a look at cities where they're making a difference during what looks like another record year.
Despite rising rates, surging home prices and lingering COVID-19 concerns, Veterans are hot on homebuying in 2021 and beyond.
With home prices rising, most of our Veteran homebuyers relocated to less expensive Zip codes or purchased within the same Zip code this year. Nearly half of those who moved to less expensive housing relocated to an entirely new metro area.
Millennial and Generation Z Veterans helped drive the VA loan program to a record year. See which cities led the way in Veteran homebuying and experienced the biggest year-over-year gains.