Average VA Purchase Loan amount in Massachusetts declines from Q4 2020 to Q1

Jul 6, 2021

0Comments

The average VA Purchase Loan amount for Massachusetts in the first quarter of fiscal year 2021 was $428,960, according to figures provided by the Veterans Affairs Home Loans Index

By comparison, Massachusetts’ average VA Purchase Loan amount for the fourth quarter was $441,238.

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.

A number of 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.

Jonathan Selig, Chairperson at Town of Halifax

Government

Halifax announces outdoor water use restrictions effective May 1

Halifax will enforce new outdoor water use restrictions starting May 1 due to state regulations. Residents face fines or service termination if they do not comply with permitted hours.

Andrew Churchill, At-Large at Town of Amherst

Government

Amherst to hold public meeting on draft hazard mitigation plan April 30

Amherst will host a hybrid public meeting on April 30 about its Draft Hazard Mitigation Plan. Residents can learn more about proposed actions addressing local natural hazards like flooding or storms and offer feedback before final approval.

Government

Holliston to host Walk Audit Academy for community input on road accessibility

Holliston is inviting residents to join a Walk Audit Academy on May 5. The event seeks community input on improving road safety and accessibility along Washington Street.