Local Government News

Average VA Purchase Loan amount in Illinois declines from Q4 2024 to Q1 2025
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.

Illinois receives $339.9 million in VA Interest Rate Reduction Refinance Loans during Q1
The VA issued 1,054 Interest Rate Reduction Refinance Loans in Illinois during the first quarter of fiscal year 2025, according to the Veterans Affairs Home Loans Index.