Quantcast

Hoosier State Today

Sunday, February 23, 2025

VA home loan amount averages $275,323 in Indiana for Q4 2023

Webp re 10

The average VA loan amount in Indiana during the fourth quarter of the fiscal year 2023 was $275,323, according to figures provided by the Veterans Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses in achieving homeownership through loans provided by banks and mortgage companies.

A portion of the loan is guaranteed by the VA, enabling lenders to provide better rates.

A number of VA housing programs can help members buy, build or repair their homes. Loan types may include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are geared toward veterans with a service-connected disability.

MORE NEWS