Bluegrass Times

With $248,974 in issued loans, Kentucky ranked 45th for the average amount of a VA home loan in 2022, according to figures provided by the Veterans Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses in achieving 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 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	$679,554
2	District of Columbia	$664,614
3	California	$524,753
4	Colorado	$443,465
5	Washington	$439,742
6	Utah	$433,346
7	Maryland	$432,588
8	Massachusetts	$410,645
9	Virginia	$399,806
10	Nevada	$397,248
11	Oregon	$381,933
12	Idaho	$377,976
13	Alaska	$364,409
14	Arizona	$360,449
15	Rhode Island	$360,266
16	New Jersey	$356,731
17	Montana	$353,303
18	New Hampshire	$353,047
19	Florida	$342,947
20	Texas	$334,422
21	Delaware	$324,311
22	Wyoming	$320,649
23	Connecticut	$318,543
24	Tennessee	$310,474
25	New York	$306,784
26	South Carolina	$302,746
27	Minnesota	$302,538
28	Georgia	$299,560
29	South Dakota	$292,147
30	Vermont	$289,617
31	North Carolina	$289,351
32	New Mexico	$285,556
33	Maine	$284,783
34	Alabama	$280,143
35	North Dakota	$275,449
36	Nebraska	$271,781
37	Pennsylvania	$265,824
38	Louisiana	$264,372
39	Illinois	$261,249
40	Wisconsin	$258,811
41	Mississippi	$253,521
42	Oklahoma	$252,245
43	West Virginia	$250,222
44	Missouri	$249,564
45	Kentucky	$248,974
46	Kansas	$243,536
47	Arkansas	$243,350
48	Indiana	$243,335
49	Michigan	$238,825
50	Iowa	$238,352
51	Ohio	$237,943