The average VA home loan amount in New Mexico during the third quarter of the fiscal year 2023 was $326,226, a 4.2% increase over the previous quarter, according to the Veterans Affairs Home Loans Index.
With $285,556 in issued loans, New Mexico ranked 32nd for the average amount of a VA home loan in 2022, according to figures provided by the Veteran Affairs Home Loans Index.
Of the 2,109,366 citizens living in New Mexico in 2021, 77% were old enough to vote, equating to 1,624,040 individuals, according to U.S. Census Bureau data obtained on Oct. 26.