Quantcast

Sunflower State News

Saturday, November 23, 2024

Average VA home loan amount in Kansas increase from 2021 to 2022

Realestate2

The average VA loan amount for Kansas in the fiscal year 2022 was $243,536, according to the Veterans Affairs Home Loans Index.

This is a 5.9% increase from Kansas's average 2021 VA loan amount of $229,973.

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, which allows the lender to provide better rates.

Several 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.

The VA's fiscal year extends from Oct. 1 to Sept. 30.

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