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VA Purchase Loans in Illinois average $314,816 for Q1

The average VA Purchase Loan amount for Illinois in the first quarter of fiscal year 2025 was $314,816, according to the Veterans Affairs Home Loans Index.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 i…

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Prairie State Wire broke the news in on Monday, August 4, 2025.
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