Big Sky Times

With $287,895 in loans issued, Montana ranked 20th in average loan amount for VA home loans in the second quarter, according to the Veteran’s Affairs Home Loans Index.

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 home purchase loans, interest rate reduction refinance loans (IRRRL), and adapted housing grants, geared toward veterans with a service-connected disability.

Rank	State	Avg. VA Home Loan
1	District of Columbia	$610,825
2	Hawaii	$581,297
3	California	$450,610
4	Guam	$404,106
5	Maryland	$382,289
6	Virgin Islands	$373,764
7	Virginia	$373,721
8	Colorado	$360,721
9	Washington	$360,455
10	Massachusetts	$359,075
11	Utah	$331,409
12	Alaska	$322,878
13	Nevada	$321,581
14	Oregon	$318,232
15	New Jersey	$314,519
16	Rhode Island	$304,526
17	New York	$296,833
18	New Hampshire	$295,031
19	Idaho	$292,035
20	Montana	$287,895
21	Arizona	$286,250
22	Connecticut	$283,194
23	Wyoming	$282,758
24	Florida	$281,675
25	Delaware	$279,286
26	Texas	$276,704
27	Minnesota	$266,064
28	North Dakota	$263,346
29	Tennessee	$260,037
30	South Carolina	$259,071
31	Georgia	$256,381
32	Vermont	$255,328
33	New Mexico	$250,533
34	South Dakota	$250,184
35	North Carolina	$249,725
36	Pennsylvania	$244,098
37	Illinois	$242,674
38	Alabama	$242,114
39	Maine	$239,016
40	Nebraska	$237,735
41	Louisiana	$237,098
42	Wisconsin	$231,176
43	West Virginia	$227,831
44	Oklahoma	$226,699
45	Kansas	$226,304
46	Kentucky	$220,824
47	Missouri	$220,798
48	Iowa	$218,813
49	Mississippi	$218,641
50	Ohio	$218,021
51	Indiana	$214,909
52	Michigan	$213,589
53	Arkansas	$212,621
54	Puerto Rico	$180,154