Augusta VA Loans

AUGUSTA-RICHMOND COUNTY, GA-SC

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Augusta's 199 lenders originated 7,139 VA loans during 2021. The total origination value was $1,855,305,000, with an average VA loan value of $259,883.

    Augusta VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Augusta averaged 5.48% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.19% and one month ago for the week of 2022-04-15, the average rate was 5.16%.

    The average rate one year ago was 3.15%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.24%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Augusta VA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Augusta level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 788 2.84% $6,102
    QUICKEN LOANS, LLC 418 2.49% $4,584
    FREEDOM MORTGAGE CORPORATION 322 2.50% $2,253
    BROKER SOLUTIONS, INC. 303 2.81% $6,543
    NAVY FEDERAL CREDIT UNION 291 2.49% $5,195
    PENNYMAC LOAN SERVICES, LLC 255 2.39% $5,123
    Queensborough National Bank & Trust Company 223 2.49% $6,108
    USAA Federal Savings Bank 207 2.86% $4,704
    BANKSOUTH MORTGAGE COMPANY, LLC 181 2.64% $8,072
    GUILD MORTGAGE COMPANY 137 3.10% $7,206
    UNITED WHOLESALE MORTGAGE, LLC 134 2.56% $6,083
    PENTAGON FEDERAL CREDIT UNION 129 2.37% $3,471
    DHI MORTGAGE COMPANY, LTD. 124 2.74% $7,231
    NEW DAY FINANCIAL, LLC 122 2.94% $7,214
    AUGUSTA MORTGAGE CO. 121 2.57% $8,165
    VILLAGE CAPITAL & INVESTMENT LLC 116 2.34% $3,222
    Colony Bank 115 2.59% $5,996
    MOVEMENT MORTGAGE, LLC 114 2.70% $5,529
    Ameris Bank 113 2.66% $7,790
    Wells Fargo Bank 99 2.50% $3,914
    South State Bank 85 2.53% $7,525
    LOANDEPOT.COM, LLC 81 2.52% $4,816
    CLEARPATH LENDING 72 2.37% $3,736
    LAKEVIEW LOAN SERVICING, LLC 71 2.48% $2,350
    NEWREZ LLC 70 2.54% $5,645
    VANDERBILT MORTGAGE AND FINANCE, INC. 70 3.05% $4,877
    CROSSCOUNTRY MORTGAGE, LLC 63 3.01% $5,988
    CALIBER HOME LOANS, INC. 63 2.56% $3,549
    AMERICAN FINANCIAL NETWORK, INC. 62 2.77% $8,136
    Mr. Cooper ( Nationstar Mortgage ) 60 2.82% $4,244
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 51 2.86% $4,864
    FIRST CHOICE MORTGAGE, INC. 48 2.75% $6,795
    PRIMELENDING, A PLAINSCAPITAL COMPANY 48 2.91% $6,803
    The Federal Savings Bank 48 2.69% $6,445
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 43 3.00% $7,503
    HOME POINT FINANCIAL CORPORATION 43 2.59% $5,954
    Carrington Mortgage Services, LLC 41 2.87% $4,644
    Magnolia Bank 40 2.56% $6,700
    CMG MORTGAGE, INC. 35 2.82% $7,056
    AMERISAVE MORTGAGE CORPORATION 35 2.65% $5,173
    PLANET HOME LENDING, LLC 33 2.98% $6,816
    Lakeview Community Capital, LLC 32 2.56% $3,003
    Low VA Rates, LLC 29 2.44% $3,020
    GUARANTEED RATE AFFINITY, LLC 28 2.93% $4,408
    Barrington Bank & Trust Company, N.A. 28 2.70% $6,566
    Security Federal Bank 26 2.52% $6,962
    Regions Bank 23 2.96% $8,208
    HOMESTAR FINANCIAL CORPORATION 22 2.94% $7,528
    Mid-Continent Funding, Inc. 22 2.82% $5,519
    LOANPAL, LLC 22 2.53% $7,061
    First Heritage Mortgage, LLC 21 2.98% $9,221
    Synovus Bank 18 2.44% $9,338
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 18 3.26% $6,409
    North American Savings Bank, F.S.B. 17 2.49% $3,933
    InterContinental Capital Group, Inc 17 2.54% $3,872
    Flagstar Bank, FSB 15 2.61% $3,804
    MUTUAL OF OMAHA MORTGAGE, INC. 15 2.71% $3,910
    NBKC BANK 14 2.55% $5,308
    Wyndham Capital Mortgage, Inc. 14 2.69% $7,458
    First Federal Bank 14 3.92% $6,805
    SRP Federal Credit Union 13 2.67% $6,777
    GUARANTEED RATE, INC. 13 2.74% $2,394
    HOMEBRIDGE FINANCIAL SERVICES, INC. 12 2.42% $3,193
    BNC National Bank 11 2.47% $3,897
    NP, Inc. 11 2.45% $5,776
    Truist Bank 11 2.70% $2,188
    PLAZA HOME MORTGAGE, INC. 11 3.17% $5,428
    LENDUS, LLC 11 2.47% $5,510
    KELLER MORTGAGE, LLC 10 2.94% $7,311
    MID AMERICA MORTGAGE, INC. 10 2.75% $4,522
    First Guaranty Mortgage Corporation 8 2.58% $3,297
    HOMEOWNERS FINANCIAL GROUP USA, LLC 8 2.58% $4,769
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 2.89% $3,483
    Paramount Bank 7 2.59% $9,583
    CERTAINTY HOME LOANS, LLC 7 2.98% $6,473
    CityWorth Mortgage LLC 7 2.63% $3,027
    TJC Mortgage, Inc. 7 2.30% $4,586
    U.S. Bank 7 2.75% $4,171
    Commerce Home Mortgage, Inc. 6 2.56% $5,569
    Paramount Residential Mortgage Group, Inc. 6 2.67% $3,537
    AMERICAN FINANCING CORPORATION 6 2.52% $7,641
    Renasant Bank 6 3.04% $8,740
    Citizens Bank 5 2.60% $5,572
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 3.03% $3,449
    SOUTHWEST STAGE FUNDING, LLC 5 3.03% $1,046
    GUARANTY HOME MORTGAGE CORPORATION 5 2.55% $7,313
    HOMESIDE FINANCIAL, LLC 5 2.75% $4,825
    Pinnacle Bank 4 2.50% $1,755
    Austin Capital Bank SSB 4 3.19% $9,217
    TOWNE MORTGAGE COMPANY 4 2.88% $10,376
    First Mortgage Solutions, LLC 4 2.28% $5,650
    UNION HOME MORTGAGE CORP. 4 2.88% $6,816
    PHH Mortgage Corporation 4 3.31% $1,377
    Manufacturers and Traders Trust Company 4 2.72% $4,171
    ANGEL OAK HOME LOANS LLC 4 3.09% $5,957
    SOVEREIGN LENDING GROUP INCORPORATED 4 2.63% $6,567
    KS StateBank 4 2.50% $3,909
    CALCON MUTUAL MORTGAGE LLC 4 3.34% $10,708
    Credence Funding Corporation 4 2.38% $3,606
    Prime Choice Funding Inc. 4 2.25% $2,975
    The Central Trust Bank 3 2.13% $3,824
    First Option Mortgage, LLC 3 3.13% $10,460
    First Home Bank 3 2.46% $5,516
    Armed Forces Bank 3 2.33% $8,543
    EMBRACE HOME LOANS, INC. 3 2.46% $6,377
    Towne Bank 3 2.38% $5,435
    AmeriHome Mortgage Company, LLC 3 2.71% $1,270
    Blue Ridge Bank 3 2.63% $6,100
    Meridian Bank Corporation 3 2.25% $4,309
    American Security Mortgage Corp. 3 2.71% $6,312
    CRESCENT MORTGAGE COMPANY 3 2.75% $2,220
    1ST SIGNATURE LENDING, LLC 2 3.19% $4,244
    AMERICAN FINANCIAL RESOURCES, INC. 2 3.25% $2,355
    Bank of England 2 2.63% $14,932
    BELEM SERVICING LLC 2 2.94% $6,415
    Capital Bank 2 2.50% $2,524
    Community First National Bank 2 2.56% $12,622
    CONTOUR MORTGAGE CORPORATION 2 2.38% $4,367
    Core Bank 2 2.13% $2,459
    Countybank 2 2.44% $4,597
    DIRECT LENDERS, LLC 2 2.25% $2,219
    Equity Prime Mortgage LLC 2 4.19% $2,901
    FBC MORTGAGE, LLC 2 2.50% $1,608
    Fifth Third Bank 2 2.75% $799
    First Community Bank 2 3.13% $8,201
    Gateway First Bank 2 2.75% $5,404
    Ixonia Bank 2 2.31% $1,758
    Legends Bank 2 2.81% $2,934
    LENOX FINANCIAL MORTGAGE CORPORATION 2 2.94% $4,538
    MILEND, INC. 2 3.19% $3,355
    NATIONS DIRECT MORTGAGE, LLC 2 3.50% $3,786
    NBH Bank 2 2.50% $6,852
    NexBank 2 2.81% $3,612
    Northpointe Bank 2 2.50% $2,310
    RELIANCE FIRST CAPITAL, LLC 2 2.88% $7,110
    ROSS MORTGAGE CORPORATION 2 2.81% $10,256
    SECURITYNATIONAL MORTGAGE COMPANY 2 3.00% $4,048
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 3.31% $5,461
    Sunflower Bank 2 2.68% $7,130
    SUN WEST MORTGAGE COMPANY, INC. 2 2.81% $4,228
    ZILLOW HOME LOANS, LLC 2 3.13% $7,716
    KeyBank 1 2.75% $9,890
    JPMorgan Chase Bank 1 4.25% $5,280
    INTERLINC MORTGAGE SERVICES, LLC 1 2.99% $12,736
    INTERCOASTAL MORTGAGE COMPANY 1 2.50% $2,664
    INTERCAP LENDING INC. 1 2.88% $498
    GoPrime Mortgage, Inc. 1 2.75% $12,955
    George Mason Mortgage, LLC 1 2.25% $8,741
    GENEVA FINANCIAL, LLC 1 3.25% $9,457
    POLARIS HOME FUNDING CORP. 1 2.38% $2,293
    Presidential Bank, FSB 1 3.00% $0
    F&M Bank 1 2.25% $2,107
    First United Bank and Trust Company 1 2.75% $4,104
    Prosperity Home Mortgage, LLC 1 2.63% $3,556
    First Savings Bank 1 2.25% $12,184
    First National Bank Texas 1 2.88% $9,936
    First Midwest Bank 1 2.25% $882
    AMERICAN ADVISORS GROUP 1 2.75% $8,058
    FIRST HOME MORTGAGE CORPORATION 1 3.00% $2,628
    RESIDENTIAL HOME FUNDING CORP. 1 3.00% $7,369
    RESOURCE FINANCIAL SERVICES, INC. 1 2.75% $1,959
    Alcova Mortgage LLC 1 2.88% $6,416
    S1L, Inc. 1 3.25% $8,947
    First Federal Bank of Kansas City 1 2.25% $1,387
    VAN DYK MORTGAGE CORPORATION 1 2.75% $13,975
    SIRVA MORTGAGE, INC. 1 2.38% $8,752
    Adams Bank & Trust 1 2.75% $12,647
    FirstBank 1 2.50% $1,286
    FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $9,559
    EVERETT FINANCIAL, INC. 1 3.13% $1,872
    ENVOY MORTGAGE, LTD 1 2.50% $9,637
    STEARNS LENDING, LLC 1 2.75% $2,060
    Stifel Bank and Trust 1 2.50% $3,471
    STOCKTON MORTGAGE CORPORATION 1 2.88% $8,945
    SUMMIT FUNDING, INC. 1 2.50% $11,937
    ACCELERATE MORTGAGE, LLC 1 2.25% $8,567
    ACADEMY MORTGAGE CORPORATION 1 2.63% $7,037
    SWBC MORTGAGE CORPORATION 1 3.00% $5,276
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.50% $12,435
    T2 FINANCIAL LLC 1 4.25% $0
    TD Bank 1 3.00% $7,549
    DAS Acquisition Company, LLC 1 3.00% $8,538
    COUNTRYPLACE MORTGAGE, LTD. 1 3.63% $7,713
    THE MORTGAGE FIRM, INC. 1 2.50% $6,412
    CHURCHILL MORTGAGE CORPORATION 1 2.88% $2,963
    Century Mortgage Company DBA Century Lending Company 1 3.25% $484
    Capital City Home Loans, LLC 1 2.75% $7,691
    BAY EQUITY LLC 1 2.63% $2,345
    Bank of America 1 2.50% $4,644
    UNITED SECURITY FINANCIAL CORP 1 3.88% $2,035
    Nations Lending Corporation 1 2.25% $8,605
    MORTGAGEONE, INC. 1 2.75% $13,405
    Mortgage Network, Inc. 1 2.38% $19,603
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.50% $2,403
    MICHIGAN MUTUAL, INC. 1 3.00% $6,100
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.25% $7,681
    LENDING 3, INC. 1 2.75% $5,917
    OCMBC, INC. 1 2.38% $5,081
    PANORAMA MORTGAGE GROUP, LLC 1 2.50% $2,746

    The top Augusta VA lender as defined by loan originations is Mortgage Research Center, LLC, with 788 VA loans originated. Their average total fees are $6,102, which is $1,518 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Augusta VA lenders (with over 10 loans originated) are Truist Bank ($2,188), FREEDOM MORTGAGE CORPORATION ($2,253), LAKEVIEW LOAN SERVICING, LLC ($2,350), GUARANTEED RATE, INC. ($2,394) and Lakeview Community Capital, LLC ($3,003).

    The lowest rate Augusta VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.34%), PENTAGON FEDERAL CREDIT UNION (2.37%), CLEARPATH LENDING (2.37%), PENNYMAC LOAN SERVICES, LLC (2.39%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (2.42%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Augusta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $216,900 (8.5%) $275,158 (7.1%) 0.80 2,707
    2018-02-01 $219,950 (7.3%) $282,376 (9.2%) 0.79 2,714
    2018-03-01 $224,900 (7.4%) $288,746 (9.0%) 0.78 2,662
    2018-04-01 $229,575 (9.3%) $293,029 (10.1%) 0.77 2,641
    2018-05-01 $230,000 (5.3%) $295,514 (8.1%) 0.77 2,660
    2018-06-01 $229,900 (6.3%) $294,172 (7.2%) 0.77 2,625
    2018-07-01 $227,000 (5.6%) $288,824 (6.6%) 0.76 2,701
    2018-08-01 $218,150 (1.7%) $281,193 (4.3%) 0.73 2,772
    2018-09-01 $215,000 (0.0%) $278,615 (3.0%) 0.72 2,867
    2018-10-01 $216,100 (1.3%) $274,474 (1.8%) 0.72 2,870
    2018-11-01 $215,000 (-0.1%) $270,516 (-1.5%) 0.72 2,842
    2018-12-01 $214,900 (-0.1%) $276,117 (1.2%) 0.74 2,762
    2019-01-01 $214,125 (-1.3%) $276,956 (0.7%) 0.74 2,643
    2019-02-01 $211,950 (-3.6%) $276,165 (-2.2%) 0.71 2,602
    2019-03-01 $219,186 (-2.5%) $284,095 (-1.6%) 0.71 2,537
    2019-04-01 $225,900 (-1.6%) $291,100 (-0.7%) 0.71 2,483
    2019-05-01 $228,950 (-0.5%) $294,391 (-0.4%) 0.71 2,503
    2019-06-01 $229,900 (0.0%) $295,022 (0.3%) 0.71 2,486
    2019-07-01 $234,345 (3.2%) $299,451 (3.7%) 0.73 2,529
    2019-08-01 $232,614 (6.6%) $297,916 (6.0%) 0.73 2,504
    2019-09-01 $235,445 (9.5%) $300,579 (7.9%) 0.75 2,446
    2019-10-01 $234,900 (8.7%) $295,568 (7.7%) 0.75 2,486
    2019-11-01 $229,900 (6.9%) $293,465 (8.5%) 0.74 2,429
    2019-12-01 $229,900 (7.0%) $292,412 (5.9%) 0.77 2,288
    2020-01-01 $229,918 (7.4%) $295,730 (6.8%) 0.77 2,138
    2020-02-01 $234,900 (10.8%) $304,115 (10.1%) 0.76 2,014
    2020-03-01 $236,700 (8.0%) $306,511 (7.9%) 0.74 1,972
    2020-04-01 $239,450 (6.0%) $308,936 (6.1%) 0.75 1,967
    2020-05-01 $245,000 (7.0%) $319,164 (8.4%) 0.74 1,789
    2020-06-01 $242,538 (5.5%) $323,818 (9.8%) 0.71 1,561
    2020-07-01 $243,950 (4.1%) $325,424 (8.7%) 0.70 1,504
    2020-08-01 $250,000 (7.5%) $330,649 (11.0%) 0.71 1,424
    2020-09-01 $259,140 (10.1%) $347,828 (15.7%) 0.74 1,313
    2020-10-01 $258,075 (9.9%) $344,593 (16.6%) 0.74 1,308
    2020-11-01 $249,900 (8.7%) $362,288 (23.5%) 0.72 1,193
    2020-12-01 $249,900 (8.7%) $355,918 (21.7%) 0.73 1,171
    2021-01-01 $249,900 (8.7%) $350,694 (18.6%) 0.74 1,094
    2021-02-01 $254,950 (8.5%) $362,106 (19.1%) 0.73 942
    2021-03-01 $255,000 (7.7%) $370,049 (20.7%) 0.72 814
    2021-04-01 $263,750 (10.2%) $395,494 (28.0%) 0.71 741
    2021-05-01 $275,000 (12.2%) $389,208 (22.0%) 0.72 810
    2021-06-01 $277,450 (14.4%) $384,220 (18.7%) 0.72 903
    2021-07-01 $276,900 (13.5%) $377,685 (16.1%) 0.72 982
    2021-08-01 $281,950 (12.8%) $368,272 (11.4%) 0.74 1,097
    2021-09-01 $279,900 (8.0%) $360,498 (3.6%) 0.74 1,117
    2021-10-01 $273,752 (6.1%) $348,846 (1.2%) 0.72 1,145
    2021-11-01 $284,900 (14.0%) $355,981 (-1.7%) 0.75 1,089
    2021-12-01 $284,900 (14.0%) $349,123 (-1.9%) 0.76 993
    2022-01-01 $284,100 (13.7%) $351,733 (0.3%) 0.76 855
    2022-02-01 $284,950 (11.8%) $351,625 (-2.9%) 0.73 705
    2022-03-01 $282,200 (10.7%) $353,503 (-4.5%) 0.70 697
    2022-04-01 $293,100 (11.1%) $357,329 (-9.7%) 0.69 794
    Augusta's median listing price for 2022-04-01 was $293,100, a difference of $29,350 (11.1%) versus the prior year and $10,900 versus the prior month.

    Augusta's median listing price comes in at 69% of the national average.

    Augusta's average listing price for 2022-04-01 was $357,329, a difference of $-38,165 (-9.7%) versus the prior year and $3,826 versus the prior month.

    For the 2022-04-01 period, Augusta had 794 MLS listings, a difference of 97 listings (14%) versus the prior month and 53 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Augusta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 104 days 2,181 sqft
    2018-02-01 99 days 2,223 sqft
    2018-03-01 80 days 2,246 sqft
    2018-04-01 75 days 2,281 sqft
    2018-05-01 71 days 2,303 sqft
    2018-06-01 72 days 2,306 sqft
    2018-07-01 73 days 2,264 sqft
    2018-08-01 81 days 2,183 sqft
    2018-09-01 82 days 2,146 sqft
    2018-10-01 87 days 2,142 sqft
    2018-11-01 88 days 2,104 sqft
    2018-12-01 99 days 2,088 sqft
    2019-01-01 107 days 2,087 sqft
    2019-02-01 107 days 2,082 sqft
    2019-03-01 83 days 2,137 sqft
    2019-04-01 68 days 2,199 sqft
    2019-05-01 63 days 2,213 sqft
    2019-06-01 66 days 2,231 sqft
    2019-07-01 65 days 2,240 sqft
    2019-08-01 67 days 2,244 sqft
    2019-09-01 77 days 2,285 sqft
    2019-10-01 81 days 2,266 sqft
    2019-11-01 84 days 2,246 sqft
    2019-12-01 87 days 2,248 sqft
    2020-01-01 92 days 2,230 sqft
    2020-02-01 86 days 2,246 sqft
    2020-03-01 62 days 2,250 sqft
    2020-04-01 66 days 2,263 sqft
    2020-05-01 74 days 2,283 sqft
    2020-06-01 74 days 2,263 sqft
    2020-07-01 65 days 2,265 sqft
    2020-08-01 56 days 2,260 sqft
    2020-09-01 52 days 2,295 sqft
    2020-10-01 56 days 2,202 sqft
    2020-11-01 53 days 2,210 sqft
    2020-12-01 57 days 2,232 sqft
    2021-01-01 59 days 2,232 sqft
    2021-02-01 62 days 2,217 sqft
    2021-03-01 50 days 2,188 sqft
    2021-04-01 45 days 2,204 sqft
    2021-05-01 40 days 2,249 sqft
    2021-06-01 38 days 2,200 sqft
    2021-07-01 39 days 2,156 sqft
    2021-08-01 38 days 2,156 sqft
    2021-09-01 44 days 2,152 sqft
    2021-10-01 49 days 2,112 sqft
    2021-11-01 49 days 2,165 sqft
    2021-12-01 56 days 2,173 sqft
    2022-01-01 62 days 2,156 sqft
    2022-02-01 49 days 2,130 sqft
    2022-03-01 39 days 2,086 sqft
    2022-04-01 34 days 2,118 sqft
    Augusta's median listing age (time on market) for 2022-04-01 was 34 days. This is -24% shorter than the same period one year ago.

    Augusta's median square footage for active listings during the 2022-04-01 period was 2,118 sqft. One year prior, the average listing was 2,204 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.