Hoosier State Today

With $216,145 in issued loans, Indiana ranked 49th for the average amount of a VA home loan in 2021, 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, which allows the lender to provide better rates.

Several 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.

The following table shows the ranking of states in terms of average VA home loan.

Average VA Home Loan Value, Ranked by State

Rank	State	Avg. VA Home Loan
1	District of Columbia	$616,518
2	Hawaii	$588,199
3	California	$458,361
4	Maryland	$392,103
5	Virginia	$377,462
6	Washington	$371,719
7	Colorado	$370,820
8	Massachusetts	$366,773
9	Utah	$343,711
10	Alaska	$330,444
11	Nevada	$330,266
12	Oregon	$326,613
13	New Jersey	$321,076
14	Rhode Island	$311,153
15	Idaho	$305,260
16	New Hampshire	$303,825
17	New York	$295,861
18	Montana	$295,371
19	Arizona	$294,831
20	Connecticut	$292,440
21	Florida	$290,896
22	Delaware	$285,992
23	Wyoming	$284,387
24	Texas	$283,701
25	Minnesota	$271,686
26	Tennessee	$264,953
27	South Carolina	$263,833
28	Vermont	$263,269
29	North Dakota	$261,134
30	Georgia	$260,779
31	South Dakota	$255,135
32	North Carolina	$253,851
33	New Mexico	$251,535
34	Illinois	$248,062
35	Alabama	$247,584
36	Pennsylvania	$247,510
37	Maine	$243,803
38	Louisiana	$242,862
39	Nebraska	$241,928
40	Wisconsin	$234,303
41	West Virginia	$230,626
42	Kansas	$229,973
43	Oklahoma	$228,841
44	Missouri	$225,794
45	Kentucky	$224,957
46	Mississippi	$224,759
47	Iowa	$224,703
48	Ohio	$220,257
49	Indiana	$216,145
50	Michigan	$215,097
51	Arkansas	$214,131