Top Cities for Millennial Veterans Homebuyers

Top Cities for Millennial Veterans Homebuyers 

While there is plenty of talk about the challenges Millennials face with affordable homeownership, there is one sub demographic that may have an advantage: the Millennial Veteran.

Because a Millennial Veteran has access to a VA loan, they are able to buy with no down payment, mortgage insurance or great credit – which is why this group are some of the most success homebuyers in the market today.

The nation’s largest VA lender, Veterans United Home Loans, compiled a list of the top thirty cities for young veterans as well as active duty service members. Those cities are as follows:

City Location                                                   VA Purchase Growth Percentage

Jacksonville, FL Metro Area 228.80
Tampa-St. Petersburg-Clearwater, FL 144.80
San Antonio, Texas Metro Area 135.50
New York-Northern New Jersey-Long Island, N.Y.-N.J.-PA Metro Area 129.50
Hinesville-Fort Stewart, GA Metro Area 116.90
Miami-Fort Lauderdale-Pompano Beach, FL Metro Area 107.60
Virginia Beach-Norfolk-Newport News, Va.-N.C. Metro Area 107.30
Fayetteville, N.C. Metro Area 103.70
Washington-Arlington-Alexandria, D.C.-VA.-Md.-W.VA. Metro Area 102.30
Chicago-Naperville-Joliet, Ill.-Ind.-Wis. Metro Area 101.90
Killeen-Temple-Fort Hood, Texas Metro Area 100.00
Atlanta-Sandy Springs-Marietta, GA Metro Area 93.80
St. Louis, MO-Ill. Metro Area 81.30
Oklahoma City, OK Metro Area 79.80
Dallas-Fort Worth-Arlington, Texas Metro Area 77.50
Baltimore-Towson, MD Metro Area 73.10
Savannah, GA Metro Area 68.00
Phoenix-Mesa-Scottsdale, AZ Metro Area 66.20
Seattle-Tacoma-Bellevue, WA Metro Area 61.80
San Diego-Carlsbad-San Marcos, CA Metro Area 61.40
Philadelphia-Camden-Wilmington, PA.-N.J.-Del.-MD. Metro Area 59.10
Denver-Aurora, CO Metro Area 58.80
Jacksonville, N.C. Metro Area 56.50
Houston-Sugar Land-Baytown, Texas Metro Area 54.80
Riverside-San Bernardino-Ontario, CA Metro Area 54.10
Kansas City, Mo.-Kan. Metro Area 42.60
Omaha-Council Bluffs, Neb.-Iowa Metro Area 41.00
Clarksville, Tenn.-Ky. Metro Area 32.20
Boston-Cambridge-Quincy, Mass.-N.H. Metro Area 26.50
Los Angeles-Long Beach-Santa Ana, CA Metro Area 24.40

If you would like to read more on how the data was determined, you can read the full article by clicking here.

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