Average VA Purchase Loan amount in Ohio increases from Q1 to Q2

Curt Cashour,  VA Assistant Secretary for Public and Intergovernmental Affairs
Curt Cashour, VA Assistant Secretary for Public and Intergovernmental Affairs
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The average VA Purchase Loan amount for Ohio in the second quarter of fiscal year 2025 was $298,991, according to the Veterans Affairs Home Loans Index.

By comparison, Ohio’s average VA Purchase Loan amount for the first quarter was $294,970.

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.

Information in this article was obtained from the Veterans Affairs Home Loans Index. The source data can be found here.



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