Peace Garden News

The average VA Purchase Loan amount for North Dakota in the fourth quarter of fiscal year 2024 was $299,422, according to the Veterans Affairs Home Loans Index.

By comparison, North Dakota's average VA Purchase Loan amount for the third quarter was $296,978.

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.