Number of VA loans issued in Missouri increased by 28.6% from Q4 2023 to Q4 2024

Denis R. McDonough Secretary of Veterans Affairs | Official website

By Show-Me State Times

The U.S. Department of Veterans Affairs (VA) issued 2,878 home loans in Missouri, totaling $853.6 million, during the fourth 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, Missouri issued 2,238 home loans, totaling $626.8 million.

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.

VA Home Loans in Missouri (Q4 2023 vs. Q4 2024)

Quarter	Number of Loans	Total Loan Amount
Q4 2024	2,878	$853.6 million
Q4 2023	2,238	$626.8 million

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State Of Missouri

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