The average VA home loan amount in Michigan during the third quarter of the fiscal year 2023 was $279,219, a 14.2% increase over the previous quarter, according to the Veterans Affairs Home Loans Index.
Of the 10,062,512 citizens living in Michigan in 2021, 78.3% were old enough to vote, equating to 7,873,656 individuals, according to U.S. Census Bureau data obtained on Oct. 26.
Of the 10,062,512 citizens living in Michigan in 2021, 95.4% said they were only one race, while 4.6% said they were two or more races, according to U.S. Census Bureau data obtained in June.
With $279,219 in loans issued, Michigan ranked 47th in average loan amount for VA home loans in the third quarter of fiscal year 2023, according to the Veterans' Affairs Home Loans Index.
The U.S. Department of Veterans' Affairs (VA) issued 612 home loans totaling $170.9 million in Michigan during the third quarter of the fiscal year 2023, according to the Veterans' Affairs Home Loans Index.
The average VA loan amount in Michigan during the third quarter of the fiscal year 2023 was $279,219, according to the Veterans Affairs Home Loans Index.