States with the highest FHA + VA loan share
Alaska had the highest combined FHA + VA share of originations in 2023, about 35.4% (FHA 12.2%, VA 23.2%), ahead of New Mexico (30.4%) and Georgia (28.7%). Nationally FHA was 13.2% and VA 6.6% of originations. Full ranking below.
Source: HMDA Data Browser (FFIEC / CFPB). Data as of June 2026.
All 51 states ranked by FHA + VA share
| # | State | FHA + VA | FHA | VA | Conventional |
|---|---|---|---|---|---|
| 1 | Alaska | 35.4% | 12.2% | 23.2% | 63.9% |
| 2 | New Mexico | 30.4% | 19.2% | 11.2% | 69.0% |
| 3 | Georgia | 28.7% | 18.7% | 10.0% | 70.7% |
| 4 | Wyoming | 28.4% | 17.6% | 10.8% | 69.6% |
| 5 | Nevada | 28.3% | 18.5% | 9.8% | 71.6% |
| 6 | Texas | 27.4% | 18.4% | 9.0% | 72.2% |
| 7 | Alabama | 27.3% | 16.6% | 10.7% | 71.0% |
| 8 | Louisiana | 27.1% | 19.4% | 7.7% | 69.5% |
| 9 | South Carolina | 26.6% | 15.5% | 11.1% | 72.6% |
| 10 | Mississippi | 26.3% | 17.8% | 8.5% | 71.0% |
| 11 | Virginia | 26.3% | 11.9% | 14.4% | 73.1% |
| 12 | Oklahoma | 25.9% | 15.8% | 10.1% | 72.6% |
| 13 | Arizona | 25.2% | 17.0% | 8.2% | 74.5% |
| 14 | West Virginia | 25.0% | 17.4% | 7.6% | 72.3% |
| 15 | Florida | 24.5% | 16.3% | 8.2% | 75.3% |
| 16 | Maryland | 23.6% | 15.2% | 8.4% | 76.0% |
| 17 | Arkansas | 23.4% | 15.5% | 7.9% | 73.4% |
| 18 | Tennessee | 22.6% | 14.5% | 8.1% | 76.2% |
| 19 | Delaware | 21.3% | 15.0% | 6.3% | 78.4% |
| 20 | Kentucky | 20.8% | 14.4% | 6.4% | 77.8% |
| 21 | North Carolina | 20.5% | 11.0% | 9.5% | 79.1% |
| 22 | North Dakota | 19.8% | 12.3% | 7.5% | 79.0% |
| 23 | South Dakota | 19.7% | 11.7% | 8.0% | 78.6% |
| 24 | Missouri | 19.6% | 13.0% | 6.6% | 78.5% |
| 25 | Montana | 19.6% | 10.6% | 9.0% | 79.9% |
| 26 | Colorado | 19.3% | 11.4% | 7.9% | 80.6% |
| 27 | Kansas | 18.8% | 11.1% | 7.7% | 79.7% |
| 28 | Indiana | 18.7% | 14.0% | 4.7% | 80.1% |
| 29 | Idaho | 18.1% | 11.7% | 6.4% | 81.7% |
| 30 | Ohio | 17.4% | 12.7% | 4.7% | 82.0% |
| 31 | Nebraska | 17.2% | 10.4% | 6.8% | 82.0% |
| 32 | Hawaii | 16.9% | 4.0% | 12.9% | 82.8% |
| 33 | Washington | 16.6% | 9.5% | 7.1% | 83.2% |
| 34 | Illinois | 16.3% | 12.3% | 4.0% | 83.1% |
| 35 | Utah | 16.1% | 12.5% | 3.6% | 83.7% |
| 36 | Oregon | 15.8% | 10.8% | 5.0% | 83.9% |
| 37 | California | 15.8% | 11.7% | 4.1% | 84.2% |
| 38 | Rhode Island | 15.5% | 12.6% | 2.9% | 84.5% |
| 39 | Michigan | 14.5% | 10.9% | 3.6% | 84.9% |
| 40 | New Jersey | 14.4% | 12.0% | 2.4% | 85.4% |
| 41 | Maine | 13.4% | 8.5% | 4.9% | 85.3% |
| 42 | Pennsylvania | 13.4% | 10.2% | 3.2% | 86.1% |
| 43 | Connecticut | 12.8% | 10.2% | 2.6% | 87.1% |
| 44 | Iowa | 12.4% | 8.3% | 4.1% | 86.5% |
| 45 | Minnesota | 12.0% | 8.4% | 3.6% | 87.5% |
| 46 | New Hampshire | 11.7% | 7.3% | 4.4% | 88.2% |
| 47 | New York | 10.5% | 8.3% | 2.2% | 89.3% |
| 48 | District of Columbia | 9.7% | 5.1% | 4.6% | 90.3% |
| 49 | Massachusetts | 9.4% | 7.4% | 2.0% | 90.5% |
| 50 | Vermont | 8.7% | 5.2% | 3.5% | 91.0% |
| 51 | Wisconsin | 8.7% | 5.6% | 3.1% | 91.1% |
Source: HMDA Data Browser (FFIEC / CFPB) (2023). Data as of June 2026.
Frequently asked questions
Which state has the highest share of FHA and VA loans?
Alaska had the highest combined FHA + VA share of mortgage originations in 2023, about 35.4% (FHA 12.2%, VA 23.2%), ahead of New Mexico (30.4%) and Georgia (28.7%). Nationally, FHA was 13.2% and VA 6.6% of originations.
Why is the FHA or VA share higher in some states?
Government-backed loans cluster where there are more first-time buyers, lower down-payment buyers, and large military/veteran populations. States with high home-price-to-income ratios also lean on FHA's lower down payment and looser credit requirements.
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Last updated: 2026-06-20