Keystone Today

With $243,091 in loans issued, Pennsylvania ranked 35th in the average amount of a VA home loan in 2020, 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	$587,830
2	Hawaii	$578,839
3	California	$438,986
4	Maryland	$382,114
5	Virginia	$366,537
6	Massachusetts	$361,482
7	Washington	$356,402
8	Colorado	$355,142
9	Alaska	$330,315
10	Utah	$326,237
11	Nevada	$318,211
12	Oregon	$318,047
13	New Jersey	$311,660
14	Rhode Island	$302,684
15	New Hampshire	$297,084
16	Connecticut	$285,422
17	Idaho	$285,130
18	New York	$284,017
19	Montana	$281,724
20	Arizona	$280,169
21	Delaware	$278,929
22	Florida	$278,577
23	Texas	$275,612
24	Wyoming	$275,174
25	Minnesota	$268,300
26	North Dakota	$265,093
27	South Carolina	$254,714
28	Tennessee	$253,840
29	Georgia	$250,807
30	Vermont	$248,917
31	South Dakota	$247,861
32	New Mexico	$246,365
33	North Carolina	$245,976
34	Illinois	$244,890
35	Pennsylvania	$243,091
36	Maine	$240,233
37	Alabama	$237,990
38	Louisiana	$237,314
39	Nebraska	$235,602
40	Wisconsin	$230,199
41	West Virginia	$224,704
42	Oklahoma	$223,170
43	Kansas	$222,634
44	Missouri	$220,052
45	Iowa	$218,829
46	Kentucky	$218,149
47	Ohio	$215,348
48	Mississippi	$214,764
49	Michigan	$211,346
50	Indiana	$211,024
51	Arkansas	$206,550