Cape Coral VA Loan Rates, Closing Costs & Stats

CAPE CORAL-FORT MYERS, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 not 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.

    Cape Coral's 118 lenders originated 885 VA loans during 2023. The total origination value was $342,015,000, with an average VA loan value of $386,458.

    Cape Coral VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Cape Coral averaged 6.4% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Cape Coral's average VA mortgage closing costs are $6,715.

    The average rate for the prior week (2024-12-06) was 6.44% and one month ago for the week of 2024-11-08, the average rate was 6.43%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.76%.

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

    Cape Coral VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 127 6.72% $8,099
    UNITED WHOLESALE MORTGAGE, LLC 87 6.26% $13,426
    DHI MORTGAGE COMPANY, LTD. 61 5.71% $6,375
    EAGLE HOME MORTGAGE, LLC 54 5.96% $6,752
    QUICKEN LOANS, LLC 50 6.03% $15,342
    LOANDEPOT.COM, LLC 35 5.98% $13,284
    NAVY FEDERAL CREDIT UNION 24 5.61% $8,565
    MOVEMENT MORTGAGE, LLC 22 6.48% $9,284
    USAA Federal Savings Bank 21 6.00% $10,273
    CROSSCOUNTRY MORTGAGE, LLC 21 6.55% $10,503
    FREEDOM MORTGAGE CORPORATION 17 6.50% $17,489
    PULTE MORTGAGE LLC 16 5.99% $9,523
    PENNYMAC LOAN SERVICES, LLC 14 6.20% $15,336
    MORTGAGE 1 INCORPORATED 14 6.14% $10,764
    EMBRACE HOME LOANS, INC. 12 6.25% $8,848
    AMERICAN FINANCIAL NETWORK, INC. 11 6.60% $14,125
    CARDINAL FINANCIAL 11 6.25% $14,731
    GUARANTEED RATE, INC. 10 6.59% $10,275
    HOMESIDE FINANCIAL, LLC 8 6.91% $8,753
    Mid-Continent Funding, Inc. 8 6.26% $10,106
    NEW DAY FINANCIAL, LLC 7 7.37% $11,060
    NEWREZ LLC 7 6.29% $10,424
    BROKER SOLUTIONS, INC. 6 6.71% $12,722
    American Mortgage & Equity Consultants, Inc. 6 6.63% $17,796
    Bank of England 6 6.50% $6,613
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.50% $10,951
    Ixonia Bank 5 7.00% $8,365
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 6.60% $9,359
    VILLAGE CAPITAL MORTGAGE 5 5.98% $10,855
    The Federal Savings Bank 4 6.84% $17,573
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.94% $15,580
    Bell Bank 4 5.81% $15,615
    AMERISAVE MORTGAGE CORPORATION 4 5.81% $19,895
    KBHS HOME LOANS, LLC 4 5.91% $12,939
    Plains Commerce Bank 4 6.09% $10,006
    FBC MORTGAGE, LLC 4 6.19% $10,361
    Paramount Residential Mortgage Group, Inc. 4 6.34% $5,111
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.34% $14,574
    EVERETT FINANCIAL, INC. 3 6.54% $8,816
    Flagstar Bank, FSB 3 6.58% $9,405
    PLANET HOME LENDING, LLC 3 6.46% $16,395
    GENEVA FINANCIAL, LLC 3 6.58% $11,248
    MILEND, INC. 3 7.17% $19,783
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.46% $23,963
    GUARANTEED RATE AFFINITY, LLC 3 6.48% $7,978
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.63% $12,971
    CMG MORTGAGE, INC. 3 6.92% $20,472
    MUTUAL OF OMAHA MORTGAGE, INC. 3 5.88% $17,624
    Mr. Cooper ( Nationstar Mortgage ) 3 5.83% $13,678
    LOANPAL, LLC 3 5.91% $14,428
    Magnolia Bank 3 6.29% $14,497
    Barrington Bank & Trust Company, N.A. 3 6.25% $16,315
    PENTAGON FEDERAL CREDIT UNION 3 5.71% $6,343
    Equity Prime Mortgage LLC 2 6.25% $8,280
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.50% $9,478
    BAY EQUITY LLC 2 6.37% $7,060
    CALIBER HOME LOANS, INC. 2 6.38% $5,544
    Century Mortgage Company DBA Century Lending Company 2 7.44% $5,613
    CONTOUR MORTGAGE CORPORATION 2 6.25% $18,808
    First Federal Bank 2 6.00% $9,254
    GUILD MORTGAGE COMPANY 2 6.13% $15,768
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.25% $2,663
    NBKC BANK 2 6.19% $12,469
    NFM, INC. 2 6.19% $24,060
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.00% $20,113
    RUOFF MORTGAGE COMPANY, INC. 2 6.31% $16,281
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.50% $23,065
    South Pacific Financial Corporation 2 6.19% $11,720
    SUN WEST MORTGAGE COMPANY, INC. 2 6.44% $8,833
    Synovus Bank 2 6.81% $6,186
    THE MORTGAGE WAREHOUSE,LLC 2 6.44% $9,389
    VAN DYK MORTGAGE CORPORATION 2 7.13% $10,277
    Waterstone Mortgage Corporation 2 6.13% $14,714
    NATIONS RELIABLE LENDING, LLC 1 6.88% $20,257
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.99% $11,908
    GERSHMAN INVESTMENT CORP. 1 5.75% $22,556
    Watermark Capital, Inc. 1 6.99% $15,500
    NEAL COMMUNITIES FUNDING, LLC 1 6.63% $11,602
    NETWORK CAPITAL FUNDING CORPORATION 1 6.63% $7,072
    First Western Trust Bank 1 6.13% $7,667
    First Horizon Bank 1 6.63% $10,988
    TJC Mortgage, Inc. 1 6.50% $7,370
    NP, Inc. 1 6.75% $11,047
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.38% $3,446
    FirstBank 1 6.75% $6,623
    Fifth Third Bank 1 6.63% $4,538
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 7.25% $15,292
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $9,091
    PLAZA HOME MORTGAGE, INC. 1 5.75% $19,622
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.25% $14,792
    Towne Bank 1 6.13% $13,426
    DELMAR FINANCIAL COMPANY 1 6.88% $12,737
    Prosperity Home Mortgage, LLC 1 5.25% $37,530
    CORNERSTONE HOME LENDING, INC. 1 5.75% $20,686
    Cornerstone First Mortgage, Inc 1 7.63% $6,123
    RESIDENTIAL BANCORP 1 6.00% $16,032
    BNC National Bank 1 5.75% $5,102
    Armed Forces Bank 1 5.75% $17,676
    Service Federal Credit Union 1 6.25% $3,830
    Sierra Pacific Mortgage Company, Inc. 1 5.88% $5,176
    Wells Fargo Bank 1 6.13% $15,800
    South State Bank 1 5.75% $4,391
    Strong Home Mortgage, LLC 1 5.25% $800
    VERITAS FUNDING, LLC 1 6.25% $41,437
    Ameris Bank 1 6.63% $17,418
    THE EQUITABLE MORTGAGE CORPORATION 1 7.00% $4,106
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $4,714
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.13% $10,261
    MICHIGAN MUTUAL, INC. 1 7.13% $7,791
    Lakeview Community Capital, LLC 1 5.75% $5,452
    LADERA LENDING, INC. 1 6.50% $24,754
    JPMorgan Chase Bank 1 6.49% $500
    INTELLILOAN, INC. 1 7.00% $54,837
    Carrington Mortgage Services, LLC 1 5.13% $3,485
    INTEGRITY MORTGAGE LLC 1 7.25% $2,834
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.50% $6,146
    M&T Bank 1 6.75% $9,566
    HALLMARK HOME MORTGAGE, LLC 1 6.75% $8,986

    The top Cape Coral VA lender as defined by loan originations is Mortgage Research Center, LLC, with 127 VA loans originated. Their average total fees are $8,099, which is $5,326 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Cape Coral VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,375), EAGLE HOME MORTGAGE, LLC ($6,752), Mortgage Research Center, LLC ($8,099), NAVY FEDERAL CREDIT UNION ($8,565) and EMBRACE HOME LOANS, INC. ($8,848).

    The lowest rate Cape Coral VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.61%), DHI MORTGAGE COMPANY, LTD. (5.71%), EAGLE HOME MORTGAGE, LLC (5.96%), LOANDEPOT.COM, LLC (5.98%) and PULTE MORTGAGE LLC (5.99%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cape Coral (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 $299,900 (-3.2%) $480,723 (0.2%) 1.11 9,100
    2018-02-01 $299,900 (-3.1%) $485,811 (1.7%) 1.09 9,580
    2018-03-01 $299,900 (-0.9%) $483,483 (1.9%) 1.05 9,691
    2018-04-01 $299,900 (0.0%) $483,597 (1.5%) 1.02 9,401
    2018-05-01 $299,000 (-0.3%) $480,406 (1.3%) 1.00 9,063
    2018-06-01 $294,751 (-1.7%) $475,315 (0.4%) 0.98 8,528
    2018-07-01 $295,000 (-1.6%) $469,544 (0.2%) 0.99 8,138
    2018-08-01 $289,700 (-3.1%) $461,943 (-1.3%) 0.97 7,931
    2018-09-01 $289,000 (-3.0%) $458,725 (-1.6%) 0.97 8,005
    2018-10-01 $290,000 (-2.8%) $463,489 (0.0%) 0.98 8,504
    2018-11-01 $298,450 (-0.4%) $471,540 (0.3%) 1.01 9,148
    2018-12-01 $294,900 (-1.7%) $471,086 (-1.3%) 1.02 9,833
    2019-01-01 $294,450 (-1.8%) $477,653 (-0.6%) 1.02 10,451
    2019-02-01 $298,400 (-0.5%) $478,046 (-1.6%) 1.01 11,072
    2019-03-01 $298,786 (-0.4%) $480,461 (-0.6%) 0.98 10,787
    2019-04-01 $298,340 (-0.5%) $478,520 (-1.1%) 0.95 10,327
    2019-05-01 $295,000 (-1.3%) $475,925 (-0.9%) 0.92 9,625
    2019-06-01 $292,500 (-0.8%) $473,216 (-0.4%) 0.91 8,836
    2019-07-01 $291,500 (-1.2%) $468,091 (-0.3%) 0.91 8,284
    2019-08-01 $294,636 (1.7%) $466,019 (0.9%) 0.93 7,973
    2019-09-01 $297,091 (2.8%) $465,068 (1.4%) 0.95 7,823
    2019-10-01 $299,000 (3.1%) $466,709 (0.7%) 0.96 7,754
    2019-11-01 $299,900 (0.5%) $483,804 (2.6%) 0.98 8,007
    2019-12-01 $302,497 (2.6%) $496,296 (5.4%) 1.01 8,041
    2020-01-01 $307,000 (4.3%) $505,884 (5.9%) 1.03 8,217
    2020-02-01 $317,000 (6.2%) $518,311 (8.4%) 1.04 8,200
    2020-03-01 $319,999 (7.1%) $521,190 (8.5%) 1.00 7,983
    2020-04-01 $314,500 (5.4%) $506,433 (5.8%) 0.99 7,800
    2020-05-01 $319,500 (8.3%) $514,308 (8.1%) 0.97 7,198
    2020-06-01 $324,950 (11.1%) $531,570 (12.3%) 0.96 6,494
    2020-07-01 $325,000 (11.5%) $547,863 (17.0%) 0.94 5,909
    2020-08-01 $325,000 (10.3%) $552,123 (18.5%) 0.93 5,443
    2020-09-01 $323,333 (8.8%) $559,350 (20.3%) 0.93 5,092
    2020-10-01 $325,000 (8.7%) $564,844 (21.0%) 0.93 4,852
    2020-11-01 $324,900 (8.3%) $573,363 (18.5%) 0.95 4,591
    2020-12-01 $324,019 (7.1%) $578,807 (16.6%) 0.96 4,350
    2021-01-01 $319,900 (4.2%) $588,738 (16.4%) 0.95 3,805
    2021-02-01 $321,575 (1.4%) $605,880 (16.9%) 0.94 2,920
    2021-03-01 $334,950 (4.7%) $632,782 (21.4%) 0.95 2,134
    2021-04-01 $349,450 (11.1%) $642,310 (26.8%) 0.95 1,923
    2021-05-01 $364,000 (13.9%) $666,089 (29.5%) 0.97 1,659
    2021-06-01 $370,725 (14.1%) $675,109 (27.0%) 0.98 1,802
    2021-07-01 $375,000 (15.4%) $654,029 (19.4%) 0.99 1,878
    2021-08-01 $394,850 (21.5%) $677,849 (22.8%) 1.05 1,951
    2021-09-01 $399,000 (23.4%) $681,026 (21.8%) 1.06 1,976
    2021-10-01 $424,900 (30.7%) $705,031 (24.8%) 1.13 1,928
    2021-11-01 $429,500 (32.2%) $736,847 (28.5%) 1.15 1,854
    2021-12-01 $437,000 (34.9%) $729,702 (26.1%) 1.18 1,821
    2022-01-01 $430,000 (34.4%) $741,904 (26.0%) 1.16 1,636
    2022-02-01 $468,125 (45.6%) $788,049 (30.1%) 1.22 1,533
    2022-03-01 $488,500 (45.8%) $786,956 (24.4%) 1.22 1,681
    2022-04-01 $495,000 (41.7%) $788,130 (22.7%) 1.18 1,973
    2022-05-01 $499,000 (37.1%) $781,253 (17.3%) 1.14 2,526
    2022-06-01 $499,450 (34.7%) $769,489 (14.0%) 1.11 3,219
    2022-07-01 $485,250 (29.4%) $747,057 (14.2%) 1.09 3,921
    2022-08-01 $475,000 (20.3%) $720,210 (6.3%) 1.10 4,198
    2022-09-01 $465,000 (16.5%) $712,302 (4.6%) 1.09 4,230
    2022-10-01 $459,900 (8.2%) $699,215 (-0.8%) 1.08 3,849
    2022-11-01 $459,950 (7.1%) $710,957 (-3.5%) 1.11 3,958
    2022-12-01 $465,000 (6.4%) $717,351 (-1.7%) 1.15 4,240
    2023-01-01 $471,950 (9.8%) $719,056 (-3.1%) 1.17 4,530
    2023-02-01 $479,500 (2.4%) $736,977 (-6.5%) 1.16 4,745
    2023-03-01 $498,750 (2.1%) $750,498 (-4.6%) 1.18 5,112
    2023-04-01 $499,000 (0.8%) $750,086 (-4.8%) 1.16 5,503
    2023-05-01 $494,500 (-0.9%) $748,639 (-4.2%) 1.12 5,626
    2023-06-01 $486,750 (-2.5%) $736,037 (-4.4%) 1.09 5,816
    2023-07-01 $480,000 (-1.1%) $725,142 (-2.9%) 1.09 5,924
    2023-08-01 $479,000 (0.8%) $716,311 (-0.5%) 1.10 5,938
    2023-09-01 $470,000 (1.1%) $698,509 (-1.9%) 1.09 6,357
    2023-10-01 $472,450 (2.7%) $699,954 (0.1%) 1.11 7,159
    2023-11-01 $474,950 (3.3%) $707,121 (-0.5%) 1.13 7,943
    2023-12-01 $475,415 (2.2%) $724,719 (1.0%) 1.16 8,449
    2024-01-01 $480,950 (1.9%) $739,029 (2.8%) 1.17 9,175
    2024-02-01 $477,000 (-0.5%) $740,771 (0.5%) 1.15 9,886
    2024-03-01 $474,100 (-4.9%) $746,315 (-0.6%) 1.12 10,287
    2024-04-01 $469,450 (-5.9%) $742,840 (-1.0%) 1.09 10,314
    2024-05-01 $461,750 (-6.6%) $743,685 (-0.7%) 1.04 10,108
    2024-06-01 $459,000 (-5.7%) $735,500 (-0.1%) 1.03 9,880
    2024-07-01 $449,450 (-6.4%) $713,340 (-1.6%) 1.03 9,548
    2024-08-01 $440,000 (-8.1%) $696,456 (-2.8%) 1.02 9,255
    2024-09-01 $430,000 (-8.5%) $679,748 (-2.7%) 1.01 9,383
    2024-10-01 $429,900 (-9.0%) $665,219 (-5.0%) 1.01 9,583
    2024-11-01 $430,000 (-9.5%) $662,031 (-6.4%) 1.03 10,957
    Cape Coral's median listing price for 2024-11-01 was $430,000, a difference of $-44,950 (-9.5%) versus the prior year and $100 versus the prior month.

    Cape Coral's median listing price comes in at 103% of the national average.

    Cape Coral's average listing price for 2024-11-01 was $662,031, a difference of $-45,090 (-6.4%) versus the prior year and $-3,188 versus the prior month.

    For the 2024-11-01 period, Cape Coral had 10,957 MLS listings, a difference of 1,374 listings (14%) versus the prior month and 3,014 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cape Coral (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 67 days 1,785 sqft
    2018-02-01 65 days 1,788 sqft
    2018-03-01 62 days 1,789 sqft
    2018-04-01 72 days 1,795 sqft
    2018-05-01 75 days 1,787 sqft
    2018-06-01 81 days 1,784 sqft
    2018-07-01 85 days 1,785 sqft
    2018-08-01 86 days 1,775 sqft
    2018-09-01 85 days 1,772 sqft
    2018-10-01 77 days 1,769 sqft
    2018-11-01 71 days 1,767 sqft
    2018-12-01 72 days 1,755 sqft
    2019-01-01 74 days 1,756 sqft
    2019-02-01 74 days 1,759 sqft
    2019-03-01 76 days 1,761 sqft
    2019-04-01 79 days 1,757 sqft
    2019-05-01 85 days 1,753 sqft
    2019-06-01 88 days 1,755 sqft
    2019-07-01 92 days 1,756 sqft
    2019-08-01 87 days 1,755 sqft
    2019-09-01 83 days 1,755 sqft
    2019-10-01 77 days 1,757 sqft
    2019-11-01 68 days 1,763 sqft
    2019-12-01 72 days 1,777 sqft
    2020-01-01 75 days 1,779 sqft
    2020-02-01 72 days 1,788 sqft
    2020-03-01 67 days 1,794 sqft
    2020-04-01 76 days 1,773 sqft
    2020-05-01 86 days 1,796 sqft
    2020-06-01 95 days 1,788 sqft
    2020-07-01 90 days 1,774 sqft
    2020-08-01 77 days 1,760 sqft
    2020-09-01 74 days 1,752 sqft
    2020-10-01 65 days 1,756 sqft
    2020-11-01 61 days 1,740 sqft
    2020-12-01 64 days 1,734 sqft
    2021-01-01 62 days 1,722 sqft
    2021-02-01 51 days 1,694 sqft
    2021-03-01 47 days 1,696 sqft
    2021-04-01 40 days 1,706 sqft
    2021-05-01 39 days 1,722 sqft
    2021-06-01 37 days 1,745 sqft
    2021-07-01 40 days 1,748 sqft
    2021-08-01 46 days 1,765 sqft
    2021-09-01 49 days 1,768 sqft
    2021-10-01 47 days 1,784 sqft
    2021-11-01 46 days 1,779 sqft
    2021-12-01 49 days 1,761 sqft
    2022-01-01 49 days 1,754 sqft
    2022-02-01 33 days 1,765 sqft
    2022-03-01 29 days 1,761 sqft
    2022-04-01 30 days 1,770 sqft
    2022-05-01 31 days 1,756 sqft
    2022-06-01 35 days 1,758 sqft
    2022-07-01 40 days 1,757 sqft
    2022-08-01 47 days 1,754 sqft
    2022-09-01 54 days 1,757 sqft
    2022-10-01 67 days 1,770 sqft
    2022-11-01 73 days 1,767 sqft
    2022-12-01 63 days 1,742 sqft
    2023-01-01 59 days 1,732 sqft
    2023-02-01 50 days 1,727 sqft
    2023-03-01 45 days 1,737 sqft
    2023-04-01 47 days 1,735 sqft
    2023-05-01 54 days 1,734 sqft
    2023-06-01 58 days 1,722 sqft
    2023-07-01 65 days 1,725 sqft
    2023-08-01 66 days 1,733 sqft
    2023-09-01 66 days 1,729 sqft
    2023-10-01 61 days 1,737 sqft
    2023-11-01 60 days 1,742 sqft
    2023-12-01 66 days 1,738 sqft
    2024-01-01 72 days 1,750 sqft
    2024-02-01 67 days 1,748 sqft
    2024-03-01 64 days 1,744 sqft
    2024-04-01 72 days 1,734 sqft
    2024-05-01 72 days 1,726 sqft
    2024-06-01 78 days 1,719 sqft
    2024-07-01 86 days 1,718 sqft
    2024-08-01 88 days 1,712 sqft
    2024-09-01 83 days 1,697 sqft
    2024-10-01 85 days 1,692 sqft
    2024-11-01 79 days 1,696 sqft
    Cape Coral's median listing age (time on market) for 2024-11-01 was 79 days. This is 33% longer than the same period one year ago.

    Cape Coral's median square footage for active listings during the 2024-11-01 period was 1,696 sqft. One year prior, the average listing was 1,742 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.