With $339,096 in home loans issued, Minnesota ranked 28th in average loan amount for VA home loans in the fourth quarter of fiscal year 2023, according to the Veterans' Affairs Home Loans Index.
The number of VA purchase loans in Minnesota for 2023 was 3,085 and totaled $1 billion, according to figures provided by the Veterans Affairs Home Loans Index.
The average VA Purchase Loan amount for Minnesota in the fourth quarter of fiscal year 2023 was $351,518, according to figures provided by the Veterans Affairs Home Loans Index.
The VA issued 3,994 Interest Rate Reduction Refinance Loans in Minnesota during the 2023 fiscal year, totaling $1.3 billion, according to figures provided by the Veterans Affairs Home Loans Index.
As of January 2024, Minnesota experienced a 17.3% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 17.9% increase.
The VA’s Interest Rate Reduction Refinance Loans in Minnesota for the fourth quarter of the fiscal year 2023 averaged $324,845, according to figures provided by the Veterans Affairs Home Loans Index.
The U.S. Department of Veterans Affairs (VA) issued 1,185 home loans totaling $401.8 million in Minnesota during the fourth quarter of the fiscal year 2023, according to figures provided by the Veterans Affairs Home Loans Index.
The average VA Purchase Loan amount for Minnesota in the third quarter of fiscal year 2023 was $360,005, according to figures provided by the Veterans Affairs Home Loans Index