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In today’s real estate market, homeownership has become more and more difficult for millennials to obtain. However, one subdemographic that may have a leg up? Millennial veterans.

With many having access to VA loans, there’s a large block of potential millennial buyers that are qualified to purchase a home with no down payment, mortgage insurance or great credit.

For these reasons, millennial veterans are some of the most successful homebuyers on the market today. It’s also why Veterans United Home Loans—the nation’s largest VA lender—compiled a list of the top 30 cities for young veterans, as well as active service members.

“The lingering question in housing circles has been when will millennials enter the home-buying market,” Chris Birk, director of Education at Veterans United Home Loans, tells Housecall. “The fact is millennial veterans aren’t standing on the sidelines.”

To create the list, the company compared purchase loan volume numbers for millennials from last year to the same data for that group from 2015. Cities are ranked by their percentage increase in VA purchase loan volume.

Military density is higher in Florida, Georgia and Texas than in most states as a result of more installations and higher veteran populations, which accounts for the large number of cities that made the list from those states.

Additionally, Veterans United Home Loans only considered cities that had at least 75 millennial purchase loans in 2015 and 2018; and the company defines these millennials as any veterans or active service members that were born between 1981 and 1996.

Here are the top 30 cities for millennial veteran homebuyers:

Jacksonville, Fla. Metro Area                                VA Purchase Loan Growth (Percentage): 228.80
Tampa-St. Petersburg-Clearwater, Fla. 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, Fla. 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, Okla. 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, Ariz. Metro Area 66.20
Seattle-Tacoma-Bellevue, Wash. Metro Area 61.80
San Diego-Carlsbad-San Marcos, Calif. Metro Area 61.40
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. Metro Area 59.10
Denver-Aurora, Colo. Metro Area 58.80
Jacksonville, N.C. Metro Area 56.50
Houston-Sugar Land-Baytown, Texas Metro Area 54.80
Riverside-San Bernardino-Ontario, Calif. 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, Calif. Metro Area 24.40

To view all of Veteran United Home Loans’ key findings and for a full breakdown of their methodology, click here.

Jameson Doris is RISMedia’s social media/blog editor. RISMedia is the residential real estate industry’s definitive source for news and information. Email Jameson your real estate news ideas at jdoris@rismedia.com.

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