Where veterans are buying the most homes [Video]

Where veterans are buying the most homes

SmartAsset ranked the 40 largest metro areas based on demand among veteran homebuyers, using the most recently available mortgage data.

Where veterans are buying the most homes

Through their service, veterans earn certain benefits for home buying not available to the general population, including special loans facilitated by the Department of Veteran Affairs (VA). These VA loans can enable prior service members to purchase homes more easily than with a conventional or even FHA loan—often with a 0% down payment.

With these benefits in mind, SmartAsset ranked the 40 largest metro areas based on demand among veteran homebuyers, using the most recently available mortgage data.

Key Findings

Veterans are buying homes in the Virginia Beach metro at almost double or more the rate than any other metro. Virginia Beach-Norfolk-Newport News ranked first both for the rate at which veterans are buying homes and for the raw number. A total of 11,392 VA loans were issued in 2023 alone.
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