Average VA home loans amounts in Pennsylvania increase from 2020 to 2021

Jan 11, 2022

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The average VA loan amount for Pennsylvania in the fiscal year 2021 was $247,510, according to the Veterans Affairs Home Loans Index.

This is a 1.8 percent increase from Pennsylvania’s average 2020 VA loan amount of $243,091.

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 VA’s fiscal year extends from Oct. 1 to Sept. 30.

Brian D. Miller, Acting United States Attorney for the Middle District of Pennsylvania

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