Quantcast

Yellowhammer Times

Sunday, September 28, 2025

VA Purchase Loans in Alabama average $331,441 for Q4 2024

Webp apwfkt9sdn21g16sytuoweicmc7s

Denis R. McDonough Secretary of Veterans Affairs | Official website

Denis R. McDonough Secretary of Veterans Affairs | Official website

The average VA Purchase Loan amount for Alabama in the fourth quarter of fiscal year 2024 was $331,441, according to the Veterans Affairs Home Loans Index.

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.

Several VA housing programs can help eligible individuals buy, build, or repair their homes. These include Purchase Loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are designed for veterans with service-connected disabilities.