U.S. mortgage delinquency rates for VA loans 2021

This statistic presents the mortgage delinquency rates for Veterans Administration (VA) loans in the United States from 2000 to the fourth quarter of 2020. Under the effects of the coronavirus pandemic, mortgage delinquency rate for VA loans in the United States spiked from 2.81 percent in the first quarter of 2020 to 8.05 percent in the second quarter of the year. Compared with other loan types, the rate of 30 days delinquent VA mortgage loans was higher than conventional loans, but lower than Federal Housing Administration loans.

Mortgage delinquency rates for Veterans Administration (VA) loans in the United States from 2000 to 2nd quarter 2021

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Release date

August 2021

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Region

United States

Survey time period

2000 to Q2 2021

Supplementary notes

Number of loans delinquent 30 days or more as percentage of mortgage loans serviced in survey. Annual average of quarterly figures. Delinquency rate does not include loans in the process of foreclosure.
Covers one- to four-family residential non farm mortgage loans. Mortgage origination is the making of a new mortgage, including all steps taken by a lender to attract and qualify a borrower, process the mortgage loan, and place it on the lender’s books.
Based on the national Delinquency Survey which covers 45 million loans on one- to four unit properties, representing between 80 to 85 percent of all 'first lien' residential mortgage loan outstanding. Loans surveyed were reported by approximately 120 lenders, including mortgage bankers, commercial banks and thrifts.

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