Quantcast

Rushmore State News

Wednesday, September 10, 2025

Average VA Purchase Loan amount in South Dakota declines from Q4 2024 to Q1 2025

Webp 5bjgguyidmx1tzh9t9nstdazah6x

Denis R. McDonough Secretary of Veterans Affairs | Ballotpedia

Denis R. McDonough Secretary of Veterans Affairs | Ballotpedia

The average VA Purchase Loan amount for South Dakota in the first quarter of fiscal year 2025 was $345,013, according to the Veterans Affairs Home Loans Index.

By comparison, South Dakota's average VA Purchase Loan amount for the fourth quarter was $347,694.

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.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS