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Great Lakes Wire

Tuesday, November 4, 2025

Number of VA loans issued in Michigan increased by 37.4% 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 2,605 home loans in Michigan, totaling $776.4 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, Michigan issued 1,896 home loans, totaling $537 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 Michigan (Q3 2024 vs. Q3 2025)
QuarterNumber of LoansTotal Loan Amount
Q3 20252,605$776.4 million
Q3 20241,896$537 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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