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Wednesday, November 6, 2024

VA home loan amount averages $300,018 in Pennsylvania for Q4 2023

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The average VA loan amount in Pennsylvania during the fourth quarter of the fiscal year 2023 was $300,018, 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, enabling lenders to provide better rates.

A number of 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.

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