The average VA Purchase Loan amount for Tennessee in the first quarter of fiscal year 2024 was $350,289, according to figures provided by the Veterans Affairs Home Loans Index.
The U.S. Department of Veterans Affairs (VA) issued 2,772 home loans totaling $941.9 million in Tennessee during the first quarter of the fiscal year 2024, according to figures provided by the Veterans Affairs Home Loans Index.
The VA’s Interest Rate Reduction Refinance Loans in Tennessee for the first quarter of the fiscal year 2024 averaged $309,915, according to figures provided by the Veterans Affairs Home Loans Index.
As of March 2024, Tennessee experienced a 20% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 19.4% increase.