Average VA home loans amounts in Delaware increase from 2018 to 2019

Jan 9, 2022

0Comments

The average VA loan amount for Delaware in the fiscal year 2019 was $270,612, according to the Veterans Affairs Home Loans Index.

This is a 5.2 percent increase from Delaware’s average 2018 VA loan amount of $257,201.

The VA assists service members, veterans, and eligible surviving spouses in achieving 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 members buy, build or repair their homes. Loan types may include purchase loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are geared toward veterans with a service-connected disability.

The VA’s fiscal year extends from Oct. 1 to Sept. 30.

DeShanna Neal, State Representative for Delaware's 13th House District

Government

Rep. Neal abstains on school property tax relief bill

DeShanna Neal, a Delaware state representative, announced her abstention from voting on a bill designed to limit property tax increases linked to public school funding.

Alonna Berry, State Representative for Delaware's 20th House District

Government

Rep. Berry abstains on school property tax reform bill

Alonna Berry, a Delaware state representative, announced her decision to abstain from voting on a bill aimed at limiting property tax hikes tied to public school funding.