With $243,335 in issued loans, Indiana ranked 48th for the average amount of a VA home loan in 2022, according to figures provided by the Veteran Affairs Home Loans Index.
The average VA home loan amount in Indiana during the third quarter of the fiscal year 2023 was $282,255, a 8.9% increase over the previous quarter, according to the Veterans Affairs Home Loans Index.
Of the 6,751,340 citizens living in Indiana in 2021, 76.4% were old enough to vote, equating to 5,159,253 individuals, according to U.S. Census Bureau data obtained on Oct. 26.
Of the 6,751,340 citizens living in Indiana in 2021, 95.7% said they were only one race, while 4.3% said they were two or more races, according to U.S. Census Bureau data obtained in June.
The average VA Purchase Loan amount for Indiana in the third quarter of fiscal year 2023 was $294,441, according to figures provided by the Veterans Affairs Home Loans Index.
The VA’s Interest Rate Reduction Refinance Loans in Indiana for the third quarter of the fiscal year 2023 averaged $306,040, according to figures provided by the Veterans Affairs Home Loans Index.
The U.S. Department of Veterans Affairs (VA) issued 619 home loans totaling $174.7 million in Indiana during the third quarter of the fiscal year 2023, according to figures provided by the Veterans Affairs Home Loans Index.