VA home loan amount averages $315,427 in Illinois for Q3

Government
Margarita Devlin, Principal Deputy Under Secretary for Benefits at the Department of Veterans Affairs
Margarita Devlin, Principal Deputy Under Secretary for Benefits at the Department of Veterans Affairs - Official Website
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Nov 12, 2025
ByJ. P. Billings
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The average VA home loan amount in Illinois during the third quarter of the fiscal year 2025 was $315,427, 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 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.

Information in this article was obtained from the Veterans Affairs Home Loans Index. The source data can be found here.

Related Organizations:

State of Illinois

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