Estimated reading time: 0 minutes, 34 seconds

Younger Veterans Drive VA Lending to 8th Straight Annual Rise

Tuesday, Oct 29 2019
Lending
Written by 

VA loans to purchase homes have increased for an eight straight fiscal year, and that’s driven by younger veterans and service members. That’s according to a report by Veterans United Home Loans, the largest U.S. VA lender.

-more-->The VA backed 624,544 loans overall in its 2019 fiscal year, which ended September 30, up slightly from 610,512 from fiscal 2018, according to U.S. Department of Veteran Affairs data compiled by Veterans United. The average VA loan rose to $281,225 in 2019, from $264,197 last year.

Millennials and Generation Z-ers made up almost half of all VA home purchases in fiscal 2019, and they were the only two demographic groups to show year-over-year rises in purchase lending, according to Veterans United.

Read 1150 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Docutech Hires Ex-NewRez Exec as Chief Product Officer »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline