Quantcast

Mountain State Times

Thursday, November 28, 2024

Average VA Purchase Loan amount in West Virginia increases from Q4 2021 to Q1

Re 13

The average VA Purchase Loan amount for West Virginia in the first quarter of fiscal year 2022 was $271,785, according to figures provided by the Veterans Affairs Home Loans Index

By comparison, West Virginia's average VA Purchase Loan amount for the fourth quarter was $258,892.

The VA assists service members, veterans and eligible surviving spouses to achieve 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.

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.

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