Quantcast

Maryland State Wire

Saturday, July 5, 2025

Number of VA loans issued in Maryland increased by 89.3% from Q1 2024 to Q1 2025

Webp apwfkt9sdn21g16sytuoweicmc7s

Denis R. McDonough Secretary of Veterans Affairs | Official website

Denis R. McDonough Secretary of Veterans Affairs | Official website

The U.S. Department of Veterans Affairs (VA) issued 3,582 home loans in Maryland, totaling $1.8 billion, during the first quarter of the fiscal year 2025, according to figures provided by the Veterans Affairs Home Loans Index.

In the same quarter of the previous year, Maryland issued 1,892 home loans, totaling $862.4 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 Maryland (Q1 2024 vs. Q1 2025)
QuarterNumber of LoansTotal Loan Amount
Q1 20253,582$1.8 billion
Q1 20241,892$862.4 million

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS