North Dakota ranks 26th in average VA home loan amount in 2019

With $248,554 in loans issued, North Dakota ranked 26th in average loan amount for VA home loans in 2019, according to figures provided by the Veteran’s Affairs Home Loans Index.


With $248,554 in loans issued, North Dakota ranked 26th in average loan amount for VA home loans in 2019, according to figures provided by the Veteran’s Affairs Home Loans Index.

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.

The following table shows the ranking of states in terms of average VA home loan.

Average VA Home Loan Value, Ranked by State

Rank
State
Avg. VA Home Loan
1
Hawaii
$555,069
2
District of Columbia
$549,136
3
California
$429,901
4
Maryland
$368,246
5
Massachusetts
$350,014
6
Virginia
$344,720
7
Washington
$343,858
8
Colorado
$343,411
9
Alaska
$316,529
10
Utah
$315,647
11
Nevada
$309,608
12
Oregon
$305,245
13
New Jersey
$296,435
14
Rhode Island
$290,608
15
New Hampshire
$286,051
16
Connecticut
$272,190
17
Delaware
$270,612
18
Arizona
$269,855
19
Idaho
$269,626
20
Montana
$267,292
21
Wyoming
$263,755
22
Florida
$262,754
23
Texas
$261,117
24
New York
$257,642
25
Minnesota
$257,353
26
North Dakota
$248,554
27
Vermont
$245,823
28
South Carolina
$240,264
29
Tennessee
$235,880
30
South Dakota
$235,681
31
Georgia
$235,090
32
New Mexico
$231,948
33
North Carolina
$229,774
34
Maine
$227,325
35
Nebraska
$226,134
36
Pennsylvania
$226,024
37
Louisiana
$225,734
38
Illinois
$224,758
39
Alabama
$222,457
40
Wisconsin
$219,734
41
Kansas
$209,336
42
West Virginia
$207,051
43
Mississippi
$206,526
44
Missouri
$206,120
45
Oklahoma
$205,698
46
Kentucky
$204,998
47
Iowa
$203,230
48
Ohio
$200,183
49
Michigan
$199,680
50
Indiana
$198,188
51
Arkansas
$193,332

Organizations in this Story

State of North Dakota

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