Scuttlebiz: Augusta a top 10 VA loan market for millennials
Metro Augusta is a mid-sized market, but it punches well above its weight class when it comes to VA loans.
In fact, the Augusta area saw the nation’s ninth-largest increase in VA loans to millennial and Generation Z veterans and active-duty military personnel during the 2019 fiscal year, according to a recent analysis of U.S. Department of Veterans Affairs data by Veterans United, the nation’s largest VA lender.
The Augusta-Aiken area, with just over 600,000 residents, saw a 16.5% jump in VA-backed mortgages to the two youngest categories of American adults, which are generally defined as those born between 1981 to 1996 (millennials) and those born since 1997 (Gen Z).
That strong performance, no doubt a result of the region’s growing cyber-based military population, puts metro Augusta behind No. 8, Tampa-St. Petersburg, Fla., (17.2%) and ahead of No. 10, Las Vegas (14.7%). Both of those metro areas, by the way, have roughly four times our population.