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Granite State Times

Friday, January 17, 2025

Average VA home loan amount in New Hampshire falls in Q3

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Tanya Bradshe Deputy Secretary of Veterans Affairs | https://department.va.gov

Tanya Bradshe Deputy Secretary of Veterans Affairs | https://department.va.gov

The average VA home loan amount in New Hampshire during the third quarter of the fiscal year 2024 was $424,408, a 3.1% decrease from the previous quarter, according to the Veterans Affairs Home Loans Index.

New Hampshire's average VA loan amount during the second quarter of the fiscal year 2024 was $437,951.

The Veterans Affairs (VA) assists service members, veterans, and eligible surviving spouses in achieving homeownership through loans that are provided by banks and mortgage companies, offering financial support and benefits unique to those who have served in the military.

A portion of the loan is guaranteed by the VA, which allows the lender to provide better rates.

A number of 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.