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Minnesota State Wire

Tuesday, November 4, 2025

Number of VA loans issued in Minnesota increased by 42.6% from Q3 2024 to Q3 2025

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Curt Cashour, VA Assistant Secretary for Public and Intergovernmental Affairs | Official Website

Curt Cashour, VA Assistant Secretary for Public and Intergovernmental Affairs | Official Website

The U.S. Department of Veterans Affairs (VA) issued 1,490 home loans in Minnesota, totaling $521.7 million, during the third quarter of the fiscal year 2025, according to the Veterans Affairs Home Loans Index.

In the same quarter of the previous year, Minnesota issued 1,045 home loans, totaling $347.1 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 Minnesota (Q3 2024 vs. Q3 2025)
QuarterNumber of LoansTotal Loan Amount
Q3 20251,490$521.7 million
Q3 20241,045$347.1 million

Information in this article was obtained from the Veterans Affairs Home Loans Index. The source data can be found here.

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