Clarksville VA Loan Rates, Closing Costs & Stats

CLARKSVILLE, TN-KY

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.

Clarksville's 159 lenders originated 3,303 VA loans during 2023. The total origination value was $1,029,095,000, with an average VA loan value of $311,564.

Clarksville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Clarksville averaged 6.51% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

Clarksville's average VA mortgage closing costs are $5,982.

The average rate for the prior week (2024-04-12) was 6.44% and one month ago for the week of 2024-03-15, the average rate was 6.1%.

The average rate one year ago was 6.09%.

For refis of the same type during the week of 2024-04-19, the average rate was 6.84%.

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

Clarksville 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 Clarksville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 949 6.21% $6,518
GUARANTEED RATE, INC. 217 6.14% $5,978
UNITED WHOLESALE MORTGAGE, LLC 200 6.23% $8,406
QUICKEN LOANS, LLC 123 6.18% $10,663
F&M Bank 115 5.87% $11,542
NAVY FEDERAL CREDIT UNION 115 5.73% $7,238
PENNYMAC LOAN SERVICES, LLC 105 5.70% $9,567
FIRST COMMUNITY MORTGAGE, INC. 67 6.00% $11,868
FREEDOM MORTGAGE CORPORATION 65 6.47% $12,462
CROSSCOUNTRY MORTGAGE, LLC 59 6.66% $7,256
Flagstar Bank, FSB 58 6.53% $9,308
PENTAGON FEDERAL CREDIT UNION 52 5.52% $11,457
USAA Federal Savings Bank 50 6.13% $10,509
BROKER SOLUTIONS, INC. 48 6.39% $10,286
STOCKTON MORTGAGE CORPORATION 41 6.36% $9,526
THRIVE MORTGAGE, LLC 38 6.25% $10,098
CMG MORTGAGE, INC. 36 6.51% $13,173
NEW DAY FINANCIAL, LLC 34 7.33% $13,318
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 31 6.14% $7,055
U.S. Bank 29 6.04% $9,737
LOANDEPOT.COM, LLC 29 6.13% $12,405
Legends Bank 29 6.19% $12,755
HOMESIDE FINANCIAL, LLC 28 6.27% $6,218
SWBC MORTGAGE CORPORATION 25 6.16% $7,449
Mr. Cooper ( Nationstar Mortgage ) 25 5.84% $13,475
MORTGAGE SOLUTIONS OF COLORADO, LLC 24 7.52% $2,631
MOVEMENT MORTGAGE, LLC 23 6.33% $11,722
The Federal Savings Bank 22 6.31% $16,578
AMERICAN PACIFIC MORTGAGE CORPORATION 20 6.28% $12,139
CARDINAL FINANCIAL 18 6.12% $12,922
VILLAGE CAPITAL MORTGAGE 17 6.17% $10,564
COMMUNITY MORTGAGE CORPORATION 17 5.55% $13,531
VAN DYK MORTGAGE CORPORATION 16 6.38% $7,103
MUTUAL OF OMAHA MORTGAGE, INC. 14 6.50% $9,927
GERSHMAN INVESTMENT CORP. 12 6.66% $8,369
PLANET HOME LENDING, LLC 12 5.86% $10,489
AMERISAVE MORTGAGE CORPORATION 12 5.70% $15,678
Plains Commerce Bank 11 5.90% $10,825
NEWREZ LLC 10 6.60% $9,359
Mid-Continent Funding, Inc. 9 6.43% $10,703
First Federal Bank 8 6.22% $8,851
Fortera Federal Credit Union 8 6.63% $4,287
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.23% $10,515
Legacy Home Loans, LLC 7 6.62% $11,542
Century Mortgage Company DBA Century Lending Company 7 6.27% $8,539
ROSS MORTGAGE CORPORATION 7 6.77% $11,032
GoPrime Mortgage, Inc. 6 6.48% $7,984
Carrington Mortgage Services, LLC 6 5.25% $4,430
Nations Lending Corporation 6 6.33% $8,712
CHURCHILL MORTGAGE CORPORATION 6 6.42% $9,064
NBKC BANK 6 5.90% $7,935
Magnolia Bank 6 6.00% $14,352
Equity Prime Mortgage LLC 5 6.38% $10,113
Paramount Residential Mortgage Group, Inc. 5 5.80% $13,438
Wells Fargo Bank 5 6.10% $6,754
Citizens Bank 5 5.95% $11,401
LAKEVIEW LOAN SERVICING, LLC 5 5.75% $9,895
Northpointe Bank 5 5.90% $19,916
RUOFF MORTGAGE COMPANY, INC. 5 6.55% $5,903
SUN WEST MORTGAGE COMPANY, INC. 5 6.62% $9,447
Barrington Bank & Trust Company, N.A. 5 6.95% $11,915
RELIANCE FIRST CAPITAL, LLC 5 6.38% $12,778
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.44% $4,233
ACOPIA, LLC 4 6.31% $4,041
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.50% $7,939
Prosperity Home Mortgage, LLC 4 6.41% $11,988
Renasant Bank 4 6.56% $15,079
ALTRA 4 5.84% $14,992
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.66% $8,816
ACADEMY MORTGAGE CORPORATION 4 7.03% $7,742
FLAT BRANCH MORTGAGE, INC. 4 6.69% $7,313
BAY EQUITY LLC 4 5.69% $10,732
MILEND, INC. 4 6.66% $15,140
CANOPY MORTGAGE, LLC 3 6.58% $9,872
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.21% $11,646
LOANPAL, LLC 3 6.08% $19,788
BNC National Bank 3 5.25% $13,660
CASTLE & COOKE MORTGAGE, LLC 3 6.66% $17,163
DAS Acquisition Company, LLC 3 6.54% $6,079
MANN FINANCIAL INC. 3 7.08% $5,930
FirstBank 3 5.67% $4,739
SeaTrust Mortgage Company 3 6.67% $8,253
CONTOUR MORTGAGE CORPORATION 3 6.83% $14,376
JPMorgan Chase Bank 3 6.41% $2,482
LEADERONE FINANCIAL CORPORATION 3 5.83% $12,439
AMERICAN FINANCIAL NETWORK, INC. 3 6.63% $11,060
VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.25% $10,339
LADERA LENDING, INC. 3 7.04% $13,718
SUCCESS MORTGAGE PARTNERS, INC. 2 6.31% $9,026
SECURITYNATIONAL MORTGAGE COMPANY 2 5.94% $18,977
AmeriHome Mortgage Company, LLC 2 5.88% $10,635
PLAZA HOME MORTGAGE, INC. 2 6.44% $10,660
NexBank 2 5.69% $5,655
NFM, INC. 2 6.31% $5,763
ISERVE RESIDENTIAL LENDING, LLC 2 7.31% $17,382
INTERLINC MORTGAGE SERVICES, LLC 2 7.44% $10,835
Bell Bank 2 5.63% $10,033
AMERICAN FINANCIAL RESOURCES, INC. 2 6.69% $6,016
AMERICAN FINANCING CORPORATION 2 5.88% $11,787
HomePromise Corporation 2 7.38% $19,324
Bank of England 2 6.50% $16,082
Armed Forces Bank 2 5.50% $12,508
MID AMERICA MORTGAGE, INC. 2 6.69% $5,077
VERITAS FUNDING, LLC 2 6.38% $26,613
PHH Mortgage Corporation 2 6.49% $10,290
UNION HOME MORTGAGE CORP. 2 6.31% $7,122
EVERETT FINANCIAL, INC. 2 7.56% $12,615
TOTAL MORTGAGE SERVICES, LLC 2 5.25% $12,447
The Central Trust Bank 2 6.25% $5,145
Ameris Bank 2 5.25% $17,251
ZILLOW HOME LOANS, LLC 1 5.50% $5,043
AMCAP MORTGAGE, LTD. 1 6.25% $11,995
American Security Mortgage Corp. 1 6.00% $9,196
AmRes Corporation 1 6.38% $7,028
BancorpSouth 1 6.63% $11,405
Bank of Tennessee 1 5.38% $10,277
BAYSHORE MORTGAGE FUNDING, LLC 1 7.38% $29,771
CALIBER HOME LOANS, INC. 1 5.75% $14,181
CapStar Bank 1 6.13% $7,895
CIS Financial Services, Inc. 1 5.50% $8,511
Community First National Bank 1 6.75% $15,730
CORNERSTONE HOME LENDING, INC. 1 6.25% $0
EMBRACE HOME LOANS, INC. 1 5.49% $14,481
Farmers Bank & Trust 1 5.25% $14,077
Fifth Third Bank 1 6.13% $495
First Federal Bank 1 5.88% $14,281
First Savings Bank 1 5.50% $22,850
First Vision Bank of Tennessee 1 7.25% $8,490
Florida Capital Bank 1 6.75% $16,379
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $12,909
GUARANTEED RATE AFFINITY, LLC 1 6.25% $5,361
GUILD MORTGAGE COMPANY 1 6.63% $7,380
INTERCAP LENDING INC. 1 7.00% $4,718
Ixonia Bank 1 7.13% $8,427
KELLER MORTGAGE, LLC 1 6.13% $12,829
KINECTA 1 5.88% $13,977
Lakeview Community Capital, LLC 1 6.75% $5,592
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.63% $6,877
Meridian Bank Corporation 1 6.25% $4,571
MORTGAGE INVESTORS GROUP, INC. 1 6.25% $12,996
MORTGAGEONE, INC. 1 7.75% $4,945
M&T Bank 1 6.63% $10,945
NATIONS DIRECT MORTGAGE, LLC 1 6.50% $25,697
North American Savings Bank, F.S.B. 1 5.63% $13,012
OCEANSIDE MORTGAGE COMPANY 1 6.25% $15,812
Old National Bank 1 5.63% $16,458
Presidential Bank, FSB 1 7.00% $6,228
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $4,140
Regions Bank 1 7.25% $3,272
RESIDENTIAL HOME FUNDING CORP. 1 4.75% $19,854
Residential Mortgage Solutions, Inc. 1 7.25% $11,916
Shore United Bank 1 5.75% $23,163
Sunflower Bank 1 5.13% $14,798
T2 FINANCIAL LLC 1 7.25% $14,555
THE MORTGAGE FIRM, INC. 1 5.63% $8,657
TruHome Solutions, LLC 1 5.88% $3,760
United Community Bank 1 7.00% $8,435
Waterstone Mortgage Corporation 1 6.63% $13,087
1ST SIGNATURE LENDING, LLC 1 6.88% $9,596

The top Clarksville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 949 VA loans originated. Their average total fees are $6,518, which is $540 higher than the next largest lender, GUARANTEED RATE, INC..

The lowest fee Clarksville VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,631), GUARANTEED RATE, INC. ($5,978), HOMESIDE FINANCIAL, LLC ($6,218), Mortgage Research Center, LLC ($6,518) and HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($7,055).

The lowest rate Clarksville VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (5.52%), COMMUNITY MORTGAGE CORPORATION (5.55%), PENNYMAC LOAN SERVICES, LLC (5.70%), AMERISAVE MORTGAGE CORPORATION (5.70%) and NAVY FEDERAL CREDIT UNION (5.73%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Clarksville (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 $214,650 (24.3%) $231,160 (14.6%) 0.80 1,351
2018-02-01 $218,375 (21.7%) $234,174 (15.4%) 0.79 1,250
2018-03-01 $216,000 (15.1%) $236,801 (14.6%) 0.76 1,260
2018-04-01 $219,425 (15.6%) $240,047 (14.7%) 0.74 1,290
2018-05-01 $221,063 (12.5%) $240,444 (9.2%) 0.74 1,333
2018-06-01 $216,995 (11.9%) $241,450 (10.2%) 0.72 1,428
2018-07-01 $216,963 (9.1%) $242,157 (8.4%) 0.72 1,485
2018-08-01 $219,700 (9.9%) $243,933 (7.2%) 0.74 1,519
2018-09-01 $221,950 (11.4%) $243,972 (6.3%) 0.75 1,502
2018-10-01 $223,450 (12.3%) $244,075 (6.5%) 0.76 1,496
2018-11-01 $227,750 (13.5%) $247,037 (8.5%) 0.77 1,464
2018-12-01 $230,000 (10.3%) $250,930 (9.7%) 0.79 1,403
2019-01-01 $230,450 (7.4%) $252,376 (9.2%) 0.80 1,315
2019-02-01 $238,700 (9.3%) $258,167 (10.3%) 0.81 1,280
2019-03-01 $245,114 (13.5%) $266,157 (12.4%) 0.80 1,183
2019-04-01 $251,139 (14.5%) $271,578 (13.1%) 0.80 1,136
2019-05-01 $252,895 (14.4%) $269,777 (12.2%) 0.79 1,186
2019-06-01 $252,467 (16.4%) $266,125 (10.2%) 0.79 1,238
2019-07-01 $253,410 (16.8%) $267,760 (10.6%) 0.79 1,250
2019-08-01 $251,541 (14.5%) $265,678 (8.9%) 0.80 1,256
2019-09-01 $250,674 (12.9%) $264,151 (8.3%) 0.80 1,250
2019-10-01 $250,096 (11.9%) $263,355 (7.9%) 0.81 1,241
2019-11-01 $249,900 (9.7%) $262,572 (6.3%) 0.82 1,203
2019-12-01 $249,900 (8.7%) $261,891 (4.4%) 0.83 1,157
2020-01-01 $249,900 (8.4%) $263,158 (4.3%) 0.84 1,110
2020-02-01 $249,900 (4.7%) $267,537 (3.6%) 0.82 1,025
2020-03-01 $251,125 (2.5%) $274,693 (3.2%) 0.79 985
2020-04-01 $254,185 (1.2%) $277,297 (2.1%) 0.80 1,039
2020-05-01 $260,900 (3.2%) $289,090 (7.2%) 0.79 933
2020-06-01 $265,350 (5.1%) $294,112 (10.5%) 0.78 802
2020-07-01 $262,925 (3.8%) $292,442 (9.2%) 0.76 803
2020-08-01 $259,900 (3.3%) $288,216 (8.5%) 0.74 678
2020-09-01 $270,500 (7.9%) $292,941 (10.9%) 0.78 681
2020-10-01 $285,000 (14.0%) $301,826 (14.6%) 0.82 629
2020-11-01 $277,450 (11.0%) $302,863 (15.3%) 0.81 585
2020-12-01 $282,200 (12.9%) $303,865 (16.0%) 0.84 559
2021-01-01 $280,650 (12.3%) $304,300 (15.6%) 0.84 514
2021-02-01 $289,800 (16.0%) $315,322 (17.9%) 0.84 463
2021-03-01 $312,800 (24.6%) $331,260 (20.6%) 0.89 365
2021-04-01 $316,950 (24.7%) $342,040 (23.4%) 0.86 326
2021-05-01 $295,000 (13.1%) $341,786 (18.2%) 0.78 287
2021-06-01 $288,675 (8.8%) $326,996 (11.2%) 0.76 409
2021-07-01 $287,900 (9.5%) $332,150 (13.6%) 0.76 484
2021-08-01 $303,775 (16.9%) $338,945 (17.6%) 0.81 569
2021-09-01 $318,000 (17.6%) $346,762 (18.4%) 0.85 606
2021-10-01 $324,450 (13.8%) $349,958 (16.0%) 0.87 665
2021-11-01 $331,500 (19.5%) $359,555 (18.7%) 0.89 624
2021-12-01 $325,000 (15.2%) $361,712 (19.0%) 0.88 598
2022-01-01 $337,400 (20.2%) $380,527 (25.1%) 0.91 483
2022-02-01 $348,100 (20.1%) $388,166 (23.1%) 0.91 405
2022-03-01 $339,700 (8.6%) $395,600 (19.4%) 0.85 373
2022-04-01 $335,000 (5.7%) $395,970 (15.8%) 0.80 399
2022-05-01 $347,450 (17.8%) $396,911 (16.1%) 0.79 526
2022-06-01 $351,950 (21.9%) $391,844 (19.8%) 0.78 712
2022-07-01 $359,900 (25.0%) $398,597 (20.0%) 0.81 882
2022-08-01 $365,000 (20.2%) $398,556 (17.6%) 0.84 1,087
2022-09-01 $357,500 (12.4%) $395,325 (14.0%) 0.84 1,175
2022-10-01 $359,900 (10.9%) $393,201 (12.4%) 0.85 1,221
2022-11-01 $354,675 (7.0%) $391,895 (9.0%) 0.85 1,276
2022-12-01 $351,900 (8.3%) $386,758 (6.9%) 0.87 1,253
2023-01-01 $352,975 (4.6%) $392,990 (3.3%) 0.87 1,223
2023-02-01 $363,900 (4.5%) $405,037 (4.4%) 0.88 1,092
2023-03-01 $366,950 (8.0%) $409,099 (3.4%) 0.87 960
2023-04-01 $360,000 (7.5%) $405,461 (2.4%) 0.84 906
2023-05-01 $362,925 (4.5%) $403,846 (1.8%) 0.82 935
2023-06-01 $362,825 (3.1%) $407,174 (3.9%) 0.82 950
2023-07-01 $360,000 (0.0%) $408,367 (2.5%) 0.82 1,066
2023-08-01 $356,000 (-2.5%) $404,690 (1.5%) 0.82 1,162
2023-09-01 $348,400 (-2.6%) $390,620 (-1.2%) 0.81 1,198
2023-10-01 $339,575 (-5.7%) $381,874 (-2.9%) 0.80 1,279
2023-11-01 $337,250 (-4.9%) $383,746 (-2.1%) 0.80 1,335
2023-12-01 $330,000 (-6.2%) $381,215 (-1.4%) 0.80 1,283
2024-01-01 $324,900 (-8.0%) $377,736 (-3.9%) 0.79 1,136
2024-02-01 $318,975 (-12.4%) $375,918 (-7.2%) 0.77 1,124
2024-03-01 $325,000 (-11.4%) $377,623 (-7.7%) 0.76 1,174
Clarksville's median listing price for 2024-03-01 was $325,000, a difference of $-41,950 (-11.4%) versus the prior year and $6,025 versus the prior month.

Clarksville's median listing price comes in at 76% of the national average.

Clarksville's average listing price for 2024-03-01 was $377,623, a difference of $-31,476 (-7.7%) versus the prior year and $1,705 versus the prior month.

For the 2024-03-01 period, Clarksville had 1,174 MLS listings, a difference of 50 listings (4%) versus the prior month and 214 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Clarksville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 69 days 2,073 sqft
2018-02-01 69 days 2,099 sqft
2018-03-01 46 days 2,080 sqft
2018-04-01 44 days 2,093 sqft
2018-05-01 44 days 2,117 sqft
2018-06-01 47 days 2,098 sqft
2018-07-01 52 days 2,076 sqft
2018-08-01 51 days 2,084 sqft
2018-09-01 53 days 2,110 sqft
2018-10-01 59 days 2,112 sqft
2018-11-01 62 days 2,125 sqft
2018-12-01 71 days 2,150 sqft
2019-01-01 81 days 2,163 sqft
2019-02-01 69 days 2,200 sqft
2019-03-01 56 days 2,241 sqft
2019-04-01 47 days 2,279 sqft
2019-05-01 44 days 2,248 sqft
2019-06-01 41 days 2,238 sqft
2019-07-01 45 days 2,237 sqft
2019-08-01 47 days 2,205 sqft
2019-09-01 49 days 2,174 sqft
2019-10-01 50 days 2,151 sqft
2019-11-01 59 days 2,144 sqft
2019-12-01 66 days 2,139 sqft
2020-01-01 66 days 2,100 sqft
2020-02-01 52 days 2,123 sqft
2020-03-01 38 days 2,134 sqft
2020-04-01 41 days 2,151 sqft
2020-05-01 51 days 2,162 sqft
2020-06-01 51 days 2,166 sqft
2020-07-01 38 days 2,128 sqft
2020-08-01 33 days 2,121 sqft
2020-09-01 30 days 2,175 sqft
2020-10-01 32 days 2,200 sqft
2020-11-01 41 days 2,188 sqft
2020-12-01 36 days 2,188 sqft
2021-01-01 31 days 2,179 sqft
2021-02-01 25 days 2,196 sqft
2021-03-01 24 days 2,248 sqft
2021-04-01 18 days 2,230 sqft
2021-05-01 10 days 2,157 sqft
2021-06-01 11 days 2,044 sqft
2021-07-01 19 days 2,050 sqft
2021-08-01 18 days 2,089 sqft
2021-09-01 24 days 2,091 sqft
2021-10-01 26 days 2,092 sqft
2021-11-01 32 days 2,110 sqft
2021-12-01 40 days 2,076 sqft
2022-01-01 44 days 2,111 sqft
2022-02-01 21 days 2,100 sqft
2022-03-01 16 days 2,062 sqft
2022-04-01 12 days 2,033 sqft
2022-05-01 15 days 2,049 sqft
2022-06-01 20 days 2,044 sqft
2022-07-01 23 days 2,067 sqft
2022-08-01 32 days 2,089 sqft
2022-09-01 40 days 2,072 sqft
2022-10-01 50 days 2,065 sqft
2022-11-01 50 days 2,059 sqft
2022-12-01 54 days 2,050 sqft
2023-01-01 63 days 2,050 sqft
2023-02-01 58 days 2,067 sqft
2023-03-01 48 days 2,067 sqft
2023-04-01 39 days 2,050 sqft
2023-05-01 37 days 2,048 sqft
2023-06-01 37 days 2,051 sqft
2023-07-01 36 days 2,031 sqft
2023-08-01 42 days 2,000 sqft
2023-09-01 46 days 1,937 sqft
2023-10-01 44 days 1,910 sqft
2023-11-01 47 days 1,900 sqft
2023-12-01 55 days 1,840 sqft
2024-01-01 65 days 1,807 sqft
2024-02-01 47 days 1,722 sqft
2024-03-01 40 days 1,751 sqft
Clarksville's median listing age (time on market) for 2024-03-01 was 40 days. This is -17% shorter than the same period one year ago.

Clarksville's median square footage for active listings during the 2024-03-01 period was 1,751 sqft. One year prior, the average listing was 2,067 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.