Quantcast

Centennial State News

Monday, November 25, 2024

Colorado ranks eighth in average VA home loan amount in 2019

Realestate1

With $343,411 in loans issued, Colorado ranked eighth in the average amount of a VA home loan in 2019, 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

RankStateAvg. VA Home Loan
1Hawaii$555,069
2District of Columbia$549,136
3California$429,901
4Maryland$368,246
5Massachusetts$350,014
6Virginia$344,720
7Washington$343,858
8Colorado$343,411
9Alaska$316,529
10Utah$315,647
11Nevada$309,608
12Oregon$305,245
13New Jersey$296,435
14Rhode Island$290,608
15New Hampshire$286,051
16Connecticut$272,190
17Delaware$270,612
18Arizona$269,855
19Idaho$269,626
20Montana$267,292
21Wyoming$263,755
22Florida$262,754
23Texas$261,117
24New York$257,642
25Minnesota$257,353
26North Dakota$248,554
27Vermont$245,823
28South Carolina$240,264
29Tennessee$235,880
30South Dakota$235,681
31Georgia$235,090
32New Mexico$231,948
33North Carolina$229,774
34Maine$227,325
35Nebraska$226,134
36Pennsylvania$226,024
37Louisiana$225,734
38Illinois$224,758
39Alabama$222,457
40Wisconsin$219,734
41Kansas$209,336
42West Virginia$207,051
43Mississippi$206,526
44Missouri$206,120
45Oklahoma$205,698
46Kentucky$204,998
47Iowa$203,230
48Ohio$200,183
49Michigan$199,680
50Indiana$198,188
51Arkansas$193,332

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS