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National Survey Shows Veterans and Service Members Are Optimistic About Homebuying

June 28, 2023

COLUMBIA, Mo., June 28, 2023 - Despite the headwinds of higher rates and home prices, Veterans are optimistic about homebuying in the next year, according to a recent national survey by Veterans United Home Loans, the nation's largest VA lender.

Three-quarters (75%) of Veterans and service members considering homeownership in the next three years plan to buy in the next 12 months and more than half (55%) say buying a home feels within reach. With the VA loan program, qualified Veterans and service members can purchase with no down payment, no mortgage insurance and access to the industry's lowest average interest rates.

"While most Veterans expect higher rates and home prices to stick around, most also expect to be better off financially a year from now," said Chris Birk, vice president of mortgage insight at Veterans United. "At a time when many would-be buyers are struggling, this hard-earned home loan benefit can help Veterans and service members break through a bruising housing market."

Key Findings:

  • Veterans and service members are still optimistic about buying a home. About 75% plan to buy a home in the next 12 months, despite fears that average home prices in their area will be higher (60%) and interest rates will rise (68%).
  • They are confident about the future of their finances. Nearly 7-in-10 (67%) Veterans and service members think they'll be better off financially a year from now, and about 60% feel optimistic about their financial plan moving forward. More than half (56%) say they are somewhat or in a better place financially compared to last year and 62% have less debt now than they've had in the past.
  • Interest rates and home prices are the top barriers that are keeping Veterans from buying right now. Nearly half of Veterans and service members say that high interest rates are keeping them from buying right now. About 44% say that high home prices have put their homebuying plans on pause, while 30% are leery of inflation.
  • Some are choosing to wait and weather economic uncertainty. About half of Veterans and service members say they are putting large purchases on hold and 56% say they know people who are choosing to renovate their current home instead of buying a new home.

Click here to read the full report.

About Veterans United Home Loans

Based in Columbia, Missouri, the full-service national lender financed more than $26 billion in loans in Fiscal Year 2022 and is the country's largest VA lender, according to the Department of Veterans Affairs Lender Statistics. The company's mission is to help Veterans and service members take advantage of the home loan benefits earned by their service. | 1-800-884-5560 | 550 Veterans United Drive, Columbia, MO 65201 | Veterans United Home Loans NMLS # 1907 ( A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. Licensed in all 50 states. For State Licensing information, please visit Equal Opportunity Lender.

Veterans United Facts

  • $34 billion
    in loans financed in 2022
  • Defense Employer Support Freedom Award Recipient
    by the Secretary of Defense
  • More than 4,300 employees
    in more than 36 states
  • More than $130 million
    raised for nonprofit charitable arm, Veterans United Foundation since Nov. 2011
  • No. 8 Best Place to Work
    according to Glassdoor Best Places to Work in 2022

Featured In

  • Chicago Tribune
  • Los Angeles Times
  • Yahoo! Finance
  • US News & World Report
  • CNN Money
  • The New York Times
  • INC 500


Media Team

Chad Moller
Communications Manager
(573) 876-2600 ext. 6924

Tierre Banks
Sr. Media Relations Specialist
(800) 814-1103 ext. 3220

Meet The Expert

Chris Birk, Vice President of Mortgage Insight at Veterans United Chris Birk
Author, The Book on VA Loans

Chris is the nation’s leading expert on VA Loan benefits. He authored The Book on VA Loans in 2011, and maintains the VA Loans Insider blog. His analysis and articles have appeared at a host of sites and publications, including the Washington Post, The New York Times, the Wall Street Journal, ABC News, USA Today, the Houston Chronicle and more. Members of the media may request a free copy of The Book on VA Loans to learn more about the VA loan program.

See Chris' Bio »