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Average VA Purchase Loan amount in Illinois declines from Q4 2024 to Q1 2025

Summary by Prairie State Wire
The average VA Purchase Loan amount for Illinois in the first quarter of fiscal year 2025 was $314,816, according to the Veterans Affairs Home Loans Index.By comparison, Illinois' average VA Purchase Loan amount for the fourth quarter was $315,726.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, wh…

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Prairie State WirePrairie State Wire
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Average VA Purchase Loan amount in Illinois declines from Q4 2024 to Q1 2025

The average VA Purchase Loan amount for Illinois in the first quarter of fiscal year 2025 was $314,816, according to the Veterans Affairs Home Loans Index.By comparison, Illinois' average VA Purchase Loan amount for the fourth quarter was $315,726.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, wh…

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Prairie State Wire broke the news in on Wednesday, July 23, 2025.
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