With $310,474 in issued loans, Tennessee ranked 24th for the average amount of a VA home loan in 2022, according to figures provided by the Veteran Affairs Home Loans Index.
The average VA home loan amount in Tennessee during the third quarter of the fiscal year 2023 was $354,841, a 7.8% increase over the previous quarter, according to the Veterans Affairs Home Loans Index.
Of the 6,859,497 citizens living in Tennessee in 2021, 77.6% were old enough to vote, equating to 5,325,254 individuals, according to U.S. Census Bureau data obtained on Oct. 26.
Of the 6,859,497 citizens living in Tennessee in 2021, 96.2% said they were only one race, while 3.8% said they were two or more races, according to U.S. Census Bureau data obtained in June.
The average VA Purchase Loan amount for Tennessee in the third quarter of fiscal year 2023 was $372,637, according to figures provided by the Veterans Affairs Home Loans Index.
The VA’s Interest Rate Reduction Refinance Loans in Tennessee for the third quarter of the fiscal year 2023 averaged $375,811, according to figures provided by the Veterans Affairs Home Loans Index.
The U.S. Department of Veterans Affairs (VA) issued 1,125 home loans totaling $399.2 million in Tennessee during the third quarter of the fiscal year 2023, according to figures provided by the Veterans Affairs Home Loans Index.