Yadkin Valley News

Yadkin Valley News

Sunday, March 29, 2020

Average VA IRRRL Loan amount in North Carolina increases from 2017 to 2018


By Metric Media News Service | Mar 19, 2020

Re 2

The average VA IRRRL Loan amount for North Carolina in 2018 was $218,075, according to figures provided by the Veterans Affairs Home Loans Index.

By comparison, North Carolina's average VA IRRRL Loan amount for the last year was $208,821.

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.

A number of 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.

Want to get notified whenever we write about U.S. Census Bureau ?

Sign-up Next time we write about U.S. Census Bureau, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

U.S. Census Bureau

More News