With $443,465 in issued loans, Colorado ranked fourth 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 Colorado during the third quarter of the fiscal year 2023 was $498,395, a 6.2% increase over the previous quarter, according to the Veterans Affairs Home Loans Index.
Of the 5,723,176 citizens living in Colorado in 2021, 77.9% were old enough to vote, equating to 4,460,441 individuals, according to U.S. Census Bureau data obtained on Oct. 26.
Of the 5,723,176 citizens living in Colorado in 2021, 91.6% said they were only one race, while 8.4% said they were two or more races, according to U.S. Census Bureau data obtained in June.
The average VA Purchase Loan amount for Colorado in the third quarter of fiscal year 2023 was $511,893, according to figures provided by the Veterans Affairs Home Loans Index.
The VA’s Interest Rate Reduction Refinance Loans in Colorado for the third quarter of the fiscal year 2023 averaged $483,168, according to figures provided by the Veterans Affairs Home Loans Index.
The U.S. Department of Veterans Affairs (VA) issued 1,042 home loans totaling $519.3 million in Colorado during the third quarter of the fiscal year 2023, according to figures provided by the Veterans Affairs Home Loans Index.