With $280,143 in issued loans, Alabama ranked 34th for the average amount of a VA home loan in 2022, according to figures provided by the Veteran Affairs Home Loans Index.
The average VA home loan amount in Alabama during the third quarter of the fiscal year 2023 was $317,910, a 7.7% increase over the previous quarter, according to the Veterans Affairs Home Loans Index.
Of the 4,997,675 citizens living in Alabama in 2021, 77.5% were old enough to vote, equating to 3,875,294 individuals, according to U.S. Census Bureau data obtained on Oct. 26.
Of the 4,997,675 citizens living in Alabama in 2021, 96.9% said they were only one race, while 3.1% said they were two or more races, according to U.S. Census Bureau data obtained in June.
The average VA Purchase Loan amount for Alabama in the third quarter of fiscal year 2023 was $328,970, according to figures provided by the Veterans Affairs Home Loans Index.
The U.S. Department of Veterans Affairs (VA) issued 966 home loans totaling $307.1 million in Alabama during the third quarter of the fiscal year 2023, according to figures provided by the Veterans Affairs Home Loans Index.
The VA’s Interest Rate Reduction Refinance Loans in Alabama for the third quarter of the fiscal year 2023 averaged $251,646, according to figures provided by the Veterans Affairs Home Loans Index.
The U.S. Department of Veterans' Affairs (VA) issued 966 home loans totaling $307.1 million in Alabama during the third quarter of the fiscal year 2023, according to the Veterans' Affairs Home Loans Index.
With $317,910 in loans issued, Alabama ranked 36th in average loan amount for VA home loans in the third quarter of fiscal year 2023, according to the Veterans' Affairs Home Loans Index.