Average VA Purchase Loan amount in D.C. increases from 2017 to 2018


The average VA Purchase Loan amount for the District of Columbia in the fiscal year 2018 was $206.3 million, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, D.C.'s average VA Purchase Loan amount for the previous year was $201.6 million.

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.

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.

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