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Friday, September 5, 2025

Number of VA loans issued in North Dakota increased by 60.6% from Q1 2024 to Q1 2025

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Denis R. McDonough Secretary of Veterans Affairs | Ballotpedia

Denis R. McDonough Secretary of Veterans Affairs | Ballotpedia

The U.S. Department of Veterans Affairs (VA) issued 371 home loans in North Dakota, totaling $117.7 million, 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, North Dakota issued 231 home loans, totaling $62.2 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 North Dakota (Q1 2024 vs. Q1 2025)
QuarterNumber of LoansTotal Loan Amount
Q1 2025371$117.7 million
Q1 2024231$62.2 million

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