Average VA purchase loan amount in Arizona rises from 2024 to 2025

Denis R. McDonough Secretary of Veterans Affairs
Denis R. McDonough Secretary of Veterans Affairs
0Comments

The average VA purchase loan amount for Arizona in fiscal year 2025 was $426,727, according to figures provided by the VA Home Loans Index.

By comparison, Arizona’s average VA purchase loan amount for 2024 was $413,478.

This represents a 3.2% increase in average loan value from the previous year.

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 U.S. Department of Veterans Affairs (VA). The source data can be found here.



Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Lisa Borowsky, Mayor at  Scottsdale

Scottsdale proposes $2.1 billion budget with reduced taxpayer burden for 2026-27

Scottsdale has unveiled its proposed fiscal year 2026-27 budget featuring an $84.7 million reduction in taxpayer burden while prioritizing public safety and infrastructure investment. Mayor Lisa Borowsky highlighted responsible planning behind these changes as council review begins ahead of final approval.

Kimber Lanning CEO at Local First Arizona

Loan Readiness Boot Camp prepares entrepreneurs for lending process and business growth

Local First Arizona’s Loan Readiness Boot Camp helps small business owners navigate lending challenges through practical education led by Erika Alexander. The program focuses on understanding banking relationships and preparing thorough financial documentation.

Travis Lingenfelter, District 1 Board of Supervisor at Mohave County

Mohave County Board of Supervisors schedules hearing on land division regulations amendment

Mohave County will hold a public hearing May 4 about amending land division rules for new subdivisions. The proposal includes requiring dust control plans. Recent education statistics show ongoing academic challenges among local students.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Grand Canyon Times.