Cincinnati VA Loan Rates, Closing Costs & Stats

CINCINNATI, OH-KY-IN

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.

Cincinnati's 141 lenders originated 1,998 VA loans during 2023. The total origination value was $588,250,000, with an average VA loan value of $294,419.

Cincinnati VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Cincinnati averaged 6.1% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

Cincinnati's average VA mortgage closing costs are $5,789.

The average rate for the prior week (2024-12-06) was 6.34% and one month ago for the week of 2024-11-08, the average rate was 6.63%.

The average rate one year ago was 6.98%.

For refis of the same type during the week of 2024-12-13, the average rate was 6.69%.

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

Cincinnati 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 Cincinnati level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 374 6.79% $6,990
QUICKEN LOANS, LLC 116 6.21% $12,414
UNITED WHOLESALE MORTGAGE, LLC 109 6.55% $9,810
NAVY FEDERAL CREDIT UNION 76 5.93% $6,085
FREEDOM MORTGAGE CORPORATION 70 6.57% $14,386
CROSSCOUNTRY MORTGAGE, LLC 64 6.66% $8,972
NEW DAY FINANCIAL, LLC 44 7.43% $13,293
USAA Federal Savings Bank 43 6.40% $7,581
FIRST COMMUNITY MORTGAGE, INC. 40 6.73% $8,703
PENNYMAC LOAN SERVICES, LLC 40 5.83% $10,612
NVR Mortgage Finance, Inc. 37 5.43% $6,904
VICTORY MORTGAGE, L.L.C. 35 5.88% $6,588
The Federal Savings Bank 30 6.62% $14,434
NEWREZ LLC 30 6.73% $9,008
GUARANTEED RATE, INC. 30 6.25% $5,899
DAS Acquisition Company, LLC 27 6.97% $8,048
LOANDEPOT.COM, LLC 26 6.35% $11,451
The Huntington National Bank 25 6.47% $6,333
Prosperity Home Mortgage, LLC 24 6.20% $8,608
UNION HOME MORTGAGE CORP. 23 6.95% $7,755
AMERICAN PACIFIC MORTGAGE CORPORATION 22 6.69% $10,773
FIRST EQUITY MORTGAGE INCORPORATED 22 5.71% $12,133
THRIVE MORTGAGE, LLC 22 6.60% $8,484
DHI MORTGAGE COMPANY, LTD. 20 5.73% $9,719
Union Savings Bank 20 6.40% $7,593
Paramount Residential Mortgage Group, Inc. 19 6.69% $9,909
RAPID MORTGAGE COMPANY 18 6.90% $11,602
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 18 6.88% $6,577
GUARANTEED RATE AFFINITY, LLC 16 6.68% $5,904
Fifth Third Bank 16 6.73% $5,605
Barrington Bank & Trust Company, N.A. 16 6.54% $8,383
Mr. Cooper ( Nationstar Mortgage ) 15 5.89% $13,026
RUOFF MORTGAGE COMPANY, INC. 15 7.23% $4,814
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.94% $7,495
Plains Commerce Bank 12 6.48% $10,203
BAYSHORE MORTGAGE FUNDING, LLC 12 6.63% $11,061
VILLAGE CAPITAL MORTGAGE 12 5.93% $7,647
SIBCY CLINE MORTGAGE SERVICES, INC. 12 6.68% $6,222
T2 FINANCIAL LLC 11 6.90% $19,270
NATIONS RELIABLE LENDING, LLC 11 6.85% $7,083
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 6.64% $10,569
STOCKTON MORTGAGE CORPORATION 10 6.16% $10,169
BROKER SOLUTIONS, INC. 9 6.80% $7,280
AMERISAVE MORTGAGE CORPORATION 9 5.31% $12,840
MORTGAGE SOLUTIONS OF COLORADO, LLC 9 7.89% $3,870
PLANET HOME LENDING, LLC 9 6.13% $13,138
JPMorgan Chase Bank 8 6.76% $2,921
MUTUAL OF OMAHA MORTGAGE, INC. 8 6.64% $17,243
SUCCESS MORTGAGE PARTNERS, INC. 8 6.84% $10,825
Nations Lending Corporation 8 6.34% $8,121
CARDINAL FINANCIAL 7 6.62% $9,573
PNC Bank 7 6.34% $5,770
NFM, INC. 7 6.98% $10,355
PENTAGON FEDERAL CREDIT UNION 7 5.39% $7,998
RiverHills Bank 7 6.46% $4,047
AMERICAN FINANCIAL NETWORK, INC. 6 6.92% $9,148
EQUITY RESOURCES, INC. 6 6.83% $7,166
Guardian Savings Bank, A Federal Savings Bank 6 6.65% $9,638
Cincinnati Federal 6 6.02% $5,845
Bank of England 6 6.88% $6,545
Flagstar Bank, FSB 6 6.13% $11,203
Wells Fargo Bank 5 5.48% $3,716
Citizens Bank 5 6.30% $9,604
1st National Bank 5 6.48% $5,614
RELIANCE FIRST CAPITAL, LLC 5 6.50% $9,469
POLARIS HOME FUNDING CORP. 5 6.78% $9,203
Magnolia Bank 5 6.05% $17,401
MID AMERICA MORTGAGE, INC. 5 6.83% $4,769
MOVEMENT MORTGAGE, LLC 5 6.25% $9,397
VAN DYK MORTGAGE CORPORATION 5 7.03% $6,006
NBKC BANK 4 6.31% $5,368
LCNB National Bank 4 6.88% $4,400
CHURCHILL MORTGAGE CORPORATION 4 6.50% $8,061
Gateway First Bank 4 6.81% $7,315
LAKEVIEW LOAN SERVICING, LLC 4 5.84% $7,018
U.S. Bank 4 6.56% $5,492
S1L, Inc. 3 5.75% $4,732
Servion, Inc. 3 7.29% $4,039
ENDEAVOR CAPITAL, LLC. 3 7.04% $4,488
First Federal Bank 3 5.96% $8,497
CMG MORTGAGE, INC. 3 7.17% $9,877
CALIBER HOME LOANS, INC. 3 6.04% $15,801
HOMESIDE FINANCIAL, LLC 3 6.17% $5,370
M/I FINANCIAL, LLC 3 5.88% $8,848
Heartland Bank 3 6.25% $3,215
EVERETT FINANCIAL, INC. 3 6.54% $10,340
Armed Forces Bank 3 6.46% $12,545
Capital Bank 2 5.94% $7,550
Equity Prime Mortgage LLC 2 7.44% $16,192
OPTION FINANCIAL, LLC 2 6.00% $9,289
Regions Bank 2 6.13% $5,785
SIRVA MORTGAGE, INC. 2 6.38% $7,968
The Loan Store, Inc. 2 6.38% $12,620
Truist 2 6.18% $10,101
Warsaw Federal Savings and Loan Association 2 6.31% $10,427
WesBanco 2 5.56% $13,066
LOANPAL, LLC 1 6.50% $20,935
PREMIA MORTGAGE, LLC 1 5.50% $5,408
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $3,952
LIBERTY HOME MORTGAGE CORPORATION 1 7.38% $18,144
LEADERONE FINANCIAL CORPORATION 1 7.13% $2,642
J. VIRGIL, INC. 1 6.88% $10,323
Ixonia Bank 1 6.75% $18,287
AMERICAN FINANCING CORPORATION 1 5.88% $7,927
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.88% $28,761
Republic Bank & Trust Company 1 6.13% $9,883
Gulf Coast Bank and Trust Company 1 7.00% $4,290
ROSS MORTGAGE CORPORATION 1 6.75% $13,681
ROYAL UNITED MORTGAGE LLC 1 6.75% $8,909
GUILD MORTGAGE COMPANY 1 6.63% $5,897
GUARANTY HOME MORTGAGE CORPORATION 1 7.25% $6,692
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $5,350
George Mason Mortgage, LLC 1 7.13% $18,177
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $7,635
SOUTH CENTRAL BANK, INC. 1 6.25% $2,584
SOVEREIGN LENDING GROUP INCORPORATED 1 4.75% $3,108
Forcht Bank 1 6.38% $2,673
First Financial Bank 1 7.25% $4,028
SUMMIT FUNDING, INC. 1 7.75% $16,118
SUN WEST MORTGAGE COMPANY, INC. 1 6.99% $7,401
Farmers Bank & Trust 1 4.88% $17,521
The Central Trust Bank 1 5.25% $3,712
EVANSVILLE TEACHERS 1 6.00% $2,495
ENVOY MORTGAGE, LTD 1 6.50% $7,601
WRIGHT-PATT CREDIT UNION, INC. 1 7.13% $4,825
EMM LOANS LLC 1 5.88% $11,903
Traditional Bank, Inc. 1 5.50% $3,110
AMCAP MORTGAGE, LTD. 1 7.63% $6,711
Credence Funding Corporation 1 5.75% $9,821
Century Mortgage Company DBA Century Lending Company 1 7.75% $20,002
Carrington Mortgage Services, LLC 1 5.13% $2,120
BNC National Bank 1 5.75% $7,206
Arvest Bank 1 6.50% $7,310
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.38% $5,160
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $70
NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,500
Northpointe Bank 1 7.13% $9,891
NJ LENDERS CORP. 1 6.13% $2,782
Mid-Continent Funding, Inc. 1 5.99% $3,331
MICHIGAN MUTUAL, INC. 1 7.13% $1,726
Meridian Bank Corporation 1 7.25% $4,345

The top Cincinnati VA lender as defined by loan originations is Mortgage Research Center, LLC, with 374 VA loans originated. Their average total fees are $6,990, which is $5,424 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Cincinnati VA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($4,814), Fifth Third Bank ($5,605), GUARANTEED RATE, INC. ($5,899), GUARANTEED RATE AFFINITY, LLC ($5,904) and NAVY FEDERAL CREDIT UNION ($6,085).

The lowest rate Cincinnati VA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. (5.43%), FIRST EQUITY MORTGAGE INCORPORATED (5.71%), DHI MORTGAGE COMPANY, LTD. (5.73%), PENNYMAC LOAN SERVICES, LLC (5.83%) and VICTORY MORTGAGE, L.L.C. (5.88%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Cincinnati (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 $222,500 (20.7%) $307,339 (9.9%) 0.82 5,218
2018-02-01 $237,000 (23.9%) $319,983 (11.1%) 0.86 5,010
2018-03-01 $255,000 (20.3%) $344,718 (12.8%) 0.89 4,838
2018-04-01 $268,950 (17.5%) $354,734 (11.7%) 0.91 5,011
2018-05-01 $274,900 (14.8%) $358,952 (11.3%) 0.92 5,302
2018-06-01 $269,900 (12.5%) $352,269 (9.0%) 0.90 5,805
2018-07-01 $269,900 (12.5%) $349,730 (9.3%) 0.90 6,180
2018-08-01 $259,418 (9.5%) $341,535 (7.7%) 0.87 6,449
2018-09-01 $254,690 (8.4%) $336,675 (6.3%) 0.86 6,630
2018-10-01 $249,900 (10.1%) $332,396 (6.4%) 0.85 6,708
2018-11-01 $245,450 (9.1%) $328,228 (6.3%) 0.83 6,595
2018-12-01 $239,900 (9.1%) $328,874 (7.9%) 0.83 5,922
2019-01-01 $239,450 (7.6%) $324,059 (5.4%) 0.83 5,386
2019-02-01 $252,450 (6.5%) $341,348 (6.7%) 0.85 4,951
2019-03-01 $266,371 (4.5%) $353,633 (2.6%) 0.87 4,923
2019-04-01 $277,450 (3.2%) $365,085 (2.9%) 0.88 4,960
2019-05-01 $289,900 (5.5%) $375,756 (4.7%) 0.91 5,143
2019-06-01 $285,000 (5.6%) $371,223 (5.4%) 0.89 5,255
2019-07-01 $282,450 (4.7%) $367,857 (5.2%) 0.88 5,398
2019-08-01 $275,836 (6.3%) $360,267 (5.5%) 0.87 5,479
2019-09-01 $269,741 (5.9%) $355,702 (5.7%) 0.86 5,495
2019-10-01 $265,208 (6.1%) $352,658 (6.1%) 0.86 5,493
2019-11-01 $259,900 (5.9%) $345,346 (5.2%) 0.85 5,173
2019-12-01 $259,000 (8.0%) $342,009 (4.0%) 0.86 4,605
2020-01-01 $264,500 (10.5%) $346,436 (6.9%) 0.88 4,108
2020-02-01 $279,900 (10.9%) $368,272 (7.9%) 0.92 3,598
2020-03-01 $299,000 (12.3%) $384,791 (8.8%) 0.94 3,506
2020-04-01 $299,450 (7.9%) $383,323 (5.0%) 0.94 3,565
2020-05-01 $324,900 (12.1%) $399,801 (6.4%) 0.99 3,432
2020-06-01 $334,225 (17.3%) $420,800 (13.4%) 0.98 3,165
2020-07-01 $336,950 (19.3%) $428,223 (16.4%) 0.98 2,926
2020-08-01 $322,282 (16.8%) $425,901 (18.2%) 0.92 2,956
2020-09-01 $315,005 (16.8%) $425,724 (19.7%) 0.90 3,004
2020-10-01 $299,900 (13.1%) $417,208 (18.3%) 0.86 3,058
2020-11-01 $290,510 (11.8%) $408,504 (18.3%) 0.85 2,959
2020-12-01 $292,450 (12.9%) $414,041 (21.1%) 0.87 2,570
2021-01-01 $299,900 (13.4%) $427,965 (23.5%) 0.90 2,178
2021-02-01 $317,300 (13.4%) $441,337 (19.8%) 0.92 1,783
2021-03-01 $325,000 (8.7%) $453,223 (17.8%) 0.92 1,715
2021-04-01 $347,400 (16.0%) $479,569 (25.1%) 0.94 1,690
2021-05-01 $356,900 (9.9%) $489,372 (22.4%) 0.95 1,861
2021-06-01 $348,458 (4.3%) $480,220 (14.1%) 0.92 2,102
2021-07-01 $325,000 (-3.6%) $455,528 (6.4%) 0.86 2,497
2021-08-01 $315,995 (-2.0%) $433,994 (1.9%) 0.84 2,829
2021-09-01 $304,950 (-3.2%) $429,369 (0.9%) 0.81 2,853
2021-10-01 $300,000 (0.0%) $426,638 (2.3%) 0.80 2,715
2021-11-01 $299,450 (3.1%) $420,985 (3.1%) 0.80 2,464
2021-12-01 $296,950 (1.5%) $426,952 (3.1%) 0.80 2,127
2022-01-01 $299,900 (0.0%) $435,203 (1.7%) 0.81 1,806
2022-02-01 $322,000 (1.5%) $461,596 (4.6%) 0.84 1,446
2022-03-01 $319,450 (-1.7%) $458,633 (1.2%) 0.80 1,401
2022-04-01 $324,800 (-6.5%) $453,574 (-5.4%) 0.77 1,469
2022-05-01 $324,950 (-9.0%) $449,609 (-8.1%) 0.74 1,855
2022-06-01 $325,000 (-6.7%) $449,907 (-6.3%) 0.72 2,159
2022-07-01 $315,000 (-3.1%) $435,575 (-4.4%) 0.71 2,530
2022-08-01 $322,375 (2.0%) $435,786 (0.4%) 0.75 2,604
2022-09-01 $325,000 (6.6%) $443,643 (3.3%) 0.76 2,510
2022-10-01 $324,900 (8.3%) $443,816 (4.0%) 0.76 2,745
2022-11-01 $325,000 (8.5%) $444,280 (5.5%) 0.78 2,715
2022-12-01 $325,000 (9.5%) $446,899 (4.7%) 0.80 2,353
2023-01-01 $327,450 (9.2%) $452,234 (3.9%) 0.81 2,050
2023-02-01 $359,950 (11.8%) $489,466 (6.0%) 0.87 1,736
2023-03-01 $367,347 (15.0%) $505,645 (10.3%) 0.87 1,672
2023-04-01 $385,000 (18.5%) $511,811 (12.8%) 0.90 1,838
2023-05-01 $389,500 (19.9%) $518,492 (15.3%) 0.88 1,906
2023-06-01 $389,900 (20.0%) $510,455 (13.5%) 0.88 2,124
2023-07-01 $383,367 (21.7%) $513,414 (17.9%) 0.87 2,250
2023-08-01 $375,000 (16.3%) $502,303 (15.3%) 0.86 2,425
2023-09-01 $372,500 (14.6%) $497,661 (12.2%) 0.87 2,664
2023-10-01 $356,450 (9.7%) $483,367 (8.9%) 0.84 2,924
2023-11-01 $344,153 (5.9%) $465,584 (4.8%) 0.82 3,028
2023-12-01 $335,000 (3.1%) $454,966 (1.8%) 0.82 2,773
2024-01-01 $329,900 (0.8%) $451,122 (-0.3%) 0.81 2,451
2024-02-01 $336,850 (-6.4%) $469,102 (-4.2%) 0.81 2,190
2024-03-01 $350,000 (-4.7%) $489,433 (-3.2%) 0.82 2,142
2024-04-01 $374,998 (-2.6%) $495,292 (-3.2%) 0.87 2,264
2024-05-01 $383,375 (-1.6%) $507,104 (-2.2%) 0.87 2,419
2024-06-01 $379,900 (-2.6%) $505,407 (-1.0%) 0.85 2,768
2024-07-01 $359,500 (-6.2%) $481,075 (-6.3%) 0.82 3,029
2024-08-01 $349,900 (-6.7%) $465,165 (-7.4%) 0.81 3,364
2024-09-01 $337,000 (-9.5%) $458,804 (-7.8%) 0.79 3,582
2024-10-01 $331,460 (-7.0%) $450,124 (-6.9%) 0.78 3,677
2024-11-01 $319,900 (-7.1%) $435,991 (-6.4%) 0.77 3,736
Cincinnati's median listing price for 2024-11-01 was $319,900, a difference of $-24,253 (-7.1%) versus the prior year and $-11,560 versus the prior month.

Cincinnati's median listing price comes in at 77% of the national average.

Cincinnati's average listing price for 2024-11-01 was $435,991, a difference of $-29,593 (-6.4%) versus the prior year and $-14,133 versus the prior month.

For the 2024-11-01 period, Cincinnati had 3,736 MLS listings, a difference of 59 listings (2%) versus the prior month and 708 listings (23%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Cincinnati (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 78 days 1,860 sqft
2018-02-01 69 days 1,886 sqft
2018-03-01 48 days 2,008 sqft
2018-04-01 44 days 2,100 sqft
2018-05-01 39 days 2,142 sqft
2018-06-01 40 days 2,120 sqft
2018-07-01 43 days 2,106 sqft
2018-08-01 45 days 2,068 sqft
2018-09-01 49 days 2,019 sqft
2018-10-01 52 days 1,985 sqft
2018-11-01 54 days 1,956 sqft
2018-12-01 64 days 1,925 sqft
2019-01-01 72 days 1,897 sqft
2019-02-01 67 days 1,963 sqft
2019-03-01 51 days 2,011 sqft
2019-04-01 43 days 2,057 sqft
2019-05-01 40 days 2,119 sqft
2019-06-01 42 days 2,119 sqft
2019-07-01 46 days 2,114 sqft
2019-08-01 47 days 2,071 sqft
2019-09-01 49 days 2,031 sqft
2019-10-01 50 days 2,000 sqft
2019-11-01 52 days 1,971 sqft
2019-12-01 64 days 1,937 sqft
2020-01-01 71 days 1,943 sqft
2020-02-01 61 days 2,032 sqft
2020-03-01 45 days 2,096 sqft
2020-04-01 45 days 2,091 sqft
2020-05-01 47 days 2,177 sqft
2020-06-01 45 days 2,211 sqft
2020-07-01 43 days 2,188 sqft
2020-08-01 38 days 2,122 sqft
2020-09-01 37 days 2,046 sqft
2020-10-01 37 days 1,997 sqft
2020-11-01 40 days 1,899 sqft
2020-12-01 52 days 1,883 sqft
2021-01-01 54 days 1,842 sqft
2021-02-01 50 days 1,832 sqft
2021-03-01 33 days 1,860 sqft
2021-04-01 31 days 1,934 sqft
2021-05-01 24 days 1,993 sqft
2021-06-01 24 days 1,942 sqft
2021-07-01 25 days 1,861 sqft
2021-08-01 28 days 1,812 sqft
2021-09-01 33 days 1,792 sqft
2021-10-01 36 days 1,762 sqft
2021-11-01 38 days 1,731 sqft
2021-12-01 46 days 1,680 sqft
2022-01-01 57 days 1,680 sqft
2022-02-01 51 days 1,674 sqft
2022-03-01 31 days 1,686 sqft
2022-04-01 24 days 1,687 sqft
2022-05-01 21 days 1,749 sqft
2022-06-01 22 days 1,802 sqft
2022-07-01 25 days 1,791 sqft
2022-08-01 30 days 1,784 sqft
2022-09-01 36 days 1,792 sqft
2022-10-01 33 days 1,836 sqft
2022-11-01 40 days 1,828 sqft
2022-12-01 51 days 1,800 sqft
2023-01-01 55 days 1,811 sqft
2023-02-01 49 days 1,821 sqft
2023-03-01 38 days 1,836 sqft
2023-04-01 31 days 1,914 sqft
2023-05-01 32 days 2,006 sqft
2023-06-01 30 days 2,005 sqft
2023-07-01 31 days 1,974 sqft
2023-08-01 32 days 1,968 sqft
2023-09-01 32 days 1,973 sqft
2023-10-01 33 days 1,937 sqft
2023-11-01 38 days 1,888 sqft
2023-12-01 44 days 1,830 sqft
2024-01-01 54 days 1,789 sqft
2024-02-01 39 days 1,796 sqft
2024-03-01 37 days 1,847 sqft
2024-04-01 32 days 1,878 sqft
2024-05-01 29 days 1,880 sqft
2024-06-01 30 days 1,876 sqft
2024-07-01 32 days 1,840 sqft
2024-08-01 33 days 1,780 sqft
2024-09-01 38 days 1,755 sqft
2024-10-01 37 days 1,735 sqft
2024-11-01 43 days 1,680 sqft
Cincinnati's median listing age (time on market) for 2024-11-01 was 43 days. This is 15% longer than the same period one year ago.

Cincinnati's median square footage for active listings during the 2024-11-01 period was 1,680 sqft. One year prior, the average listing was 1,888 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.