"The youngest cohort of military borrowers accounted for 38% of VA loan activity and led all age groups in purchase growth, far outpacing baby boomers, millennials, Gen X, and the Silent and Greatest generations. Gen Z is expanding its footprint faster than any other group of VA buyers, said Chris Birk, vice president of mortgage insight at Veterans United Home Loans. They're entering the market when affordability is a real challenge, and the VA loan's benefits are helping them compete and succeed."
"VA purchase loans increased 8.5% to 323,835, a turnaround from a 5% decline the year before. Generation Z played an outsized role in the rebound. Refinancing also surged. Total VA refinances climbed 73.2% year over year, with cash-out refinances rising 26.5%. While still below pandemic-era high points, the spike shows borrowers are actively using VA loans to lower their monthly payments or tap into home equity."
VA purchase loans rose 8.5% to 323,835, reversing a prior 5% decline. Generation Z accounted for 38% of VA loan activity and led all age groups in purchase growth, outpacing baby boomers, millennials, Gen X, and older cohorts. Gen Z is expanding its footprint faster than other VA buyers, entering the market amid affordability challenges and leveraging VA loan benefits to compete and succeed. Total VA refinances climbed 73.2% year over year, with cash-out refinances up 26.5%, indicating active use of VA loans to lower monthly payments or access home equity. Fastest-growing Gen Z markets include major metros and military hubs in Texas, the Carolinas, and California.
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