Columbus VA Loan Rates, Closing Costs & Stats

COLUMBUS, OH

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.

Columbus's 194 lenders originated 5,942 VA loans during 2021. The total origination value was $1,522,970,000, with an average VA loan value of $256,306.

Columbus VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Columbus averaged 6.85% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Columbus's average VA mortgage closing costs are $5,553.

The average rate for the prior week (2022-11-25) was 6.98% and one month ago for the week of 2022-10-28, the average rate was 6.87%.

The average rate one year ago was 3.35%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.55%.

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

Columbus 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 Columbus level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 471 2.53% $5,669
FREEDOM MORTGAGE CORPORATION 437 2.49% $3,106
Mortgage Research Center, LLC 425 2.85% $6,206
PENNYMAC LOAN SERVICES, LLC 197 2.45% $5,076
UNION HOME MORTGAGE CORP. 196 2.69% $7,010
CALIBER HOME LOANS, INC. 164 2.60% $5,254
NEW DAY FINANCIAL, LLC 150 2.84% $8,044
USAA Federal Savings Bank 131 2.86% $3,951
VILLAGE CAPITAL MORTGAGE 131 2.40% $3,589
NAVY FEDERAL CREDIT UNION 125 2.49% $4,940
UNITED WHOLESALE MORTGAGE, LLC 108 2.59% $6,670
LAKEVIEW LOAN SERVICING, LLC 105 2.55% $3,183
LOANDEPOT.COM, LLC 103 2.60% $5,697
The Huntington National Bank 92 3.06% $4,370
EQUITY RESOURCES, INC. 84 2.52% $5,033
The Federal Savings Bank 83 2.70% $8,793
CLEARPATH LENDING 82 2.26% $5,069
HOME POINT FINANCIAL CORPORATION 82 2.45% $5,316
T2 FINANCIAL LLC 72 3.06% $7,863
NFM, INC. 70 3.08% $9,345
Mr. Cooper ( Nationstar Mortgage ) 70 2.94% $4,565
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 69 3.10% $7,067
GUARANTEED RATE, INC. 69 2.63% $6,767
CROSSCOUNTRY MORTGAGE, LLC 67 2.84% $6,937
DHI MORTGAGE COMPANY, LTD. 51 2.67% $8,377
LENDUS, LLC 49 2.98% $8,380
Carrington Mortgage Services, LLC 44 3.07% $6,271
VICTORY MORTGAGE, L.L.C. 44 2.54% $6,954
NEWREZ LLC 40 2.72% $3,476
HOMESIDE FINANCIAL, LLC 37 2.89% $6,580
PENTAGON FEDERAL CREDIT UNION 35 2.42% $3,373
Union Savings Bank 35 2.41% $3,536
Wells Fargo Bank 35 2.62% $3,511
RUOFF MORTGAGE COMPANY, INC. 35 3.10% $7,708
Fifth Third Bank 32 2.82% $4,616
NVR Mortgage Finance, Inc. 32 2.76% $3,707
Barrington Bank & Trust Company, N.A. 32 2.77% $5,208
THE EQUITABLE MORTGAGE CORPORATION 31 2.46% $7,102
PRIORITY MORTGAGE CORP. 31 2.76% $6,036
M/I FINANCIAL, LLC 31 2.64% $9,514
AMERICAN MORTGAGE SERVICE COMPANY 30 2.61% $6,004
WRIGHT-PATT CREDIT UNION, INC. 30 2.85% $6,871
PULTE MORTGAGE LLC 29 2.76% $5,635
AMERISAVE MORTGAGE CORPORATION 29 2.66% $5,690
Low VA Rates, LLC 29 2.38% $3,396
AMERICAN FINANCIAL NETWORK, INC. 29 2.62% $9,938
First Guaranty Mortgage Corporation 27 2.44% $3,504
RAPID MORTGAGE COMPANY 27 3.09% $7,849
Citizens Bank 26 2.59% $7,594
MOVEMENT MORTGAGE, LLC 25 3.07% $5,347
BROKER SOLUTIONS, INC. 24 2.57% $5,894
Flagstar Bank, FSB 24 2.80% $7,482
J. VIRGIL, INC. 23 3.07% $9,290
GUARANTEED RATE AFFINITY, LLC 23 2.58% $6,181
Hometown Lenders, Inc. 21 3.70% $7,405
PLANET HOME LENDING, LLC 20 2.65% $2,710
PNC Bank 20 2.89% $3,710
MUTUAL OF OMAHA MORTGAGE, INC. 19 2.75% $4,238
GUILD MORTGAGE COMPANY 18 3.06% $9,013
Magnolia Bank 17 2.59% $8,193
The Union Bank Company 17 2.77% $8,273
First Federal Bank 16 3.38% $10,134
Lakeview Community Capital, LLC 16 2.55% $2,076
PARTNERS UNITED FINANCIAL, LLC 15 2.73% $9,526
Paramount Residential Mortgage Group, Inc. 14 2.87% $6,078
The State Bank and Trust Company 14 2.72% $8,697
East Coast Capital Corp. 13 2.99% $7,940
InterContinental Capital Group, Inc 13 2.49% $2,886
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 2.75% $6,063
LAND HOME FINANCIAL SERVICES, INC. 12 2.95% $5,209
SUN WEST MORTGAGE COMPANY, INC. 12 2.46% $3,584
NP, Inc. 12 2.39% $6,397
PRIMARY RESIDENTIAL MORTGAGE, INC. 11 3.12% $6,368
BNC National Bank 10 2.34% $4,952
DAS Acquisition Company, LLC 10 3.20% $9,755
U.S. Bank 10 2.83% $7,086
HALLMARK HOME MORTGAGE, LLC 9 2.93% $6,001
AMERICAN FINANCING CORPORATION 9 2.58% $5,460
North American Savings Bank, F.S.B. 9 2.49% $4,922
NBKC BANK 9 2.67% $3,376
TJC Mortgage, Inc. 9 2.25% $5,102
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 3.11% $8,767
RELIANCE FIRST CAPITAL, LLC 8 2.80% $7,088
JPMorgan Chase Bank 8 3.01% $7,719
BAYSHORE MORTGAGE FUNDING, LLC 8 3.09% $5,495
Nations Lending Corporation 8 2.77% $6,754
FBC MORTGAGE, LLC 8 2.95% $6,748
NATIONS DIRECT MORTGAGE, LLC 8 2.89% $6,923
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.18% $10,843
NTFN, INC. 7 3.27% $10,566
LIBERTY HOME MORTGAGE CORPORATION 7 3.00% $5,793
POLARIS HOME FUNDING CORP. 6 3.02% $8,526
MID AMERICA MORTGAGE, INC. 6 2.63% $2,034
First Financial Bank 6 2.60% $7,182
FIRST COMMUNITY MORTGAGE, INC. 6 2.69% $4,553
Civista Bank 6 2.79% $4,264
ENVOY MORTGAGE, LTD 6 3.44% $5,960
DEVELOPER'S MORTGAGE COMPANY 5 2.45% $6,870
KS StateBank 5 2.35% $9,544
First Federal Savings and Loan Association of Lakewood 5 2.48% $8,393
Goldwater Bank, N.A. 5 2.33% $5,583
Gateway First Bank 5 2.78% $6,288
THRIVE MORTGAGE, LLC 5 2.78% $6,419
Equity Prime Mortgage LLC 4 2.91% $5,207
Capital Bank 4 2.56% $7,290
CHURCHILL MORTGAGE CORPORATION 4 2.56% $7,584
Colonial Savings, F.A. 4 3.47% $4,269
Commonwealth Bank and Trust Company 4 2.81% $2,967
EMBRACE HOME LOANS, INC. 4 2.50% $2,341
EVERETT FINANCIAL, INC. 4 3.56% $7,312
First Home Bank 4 2.41% $6,488
MICHIGAN MUTUAL, INC. 4 2.69% $5,997
Mid-Continent Funding, Inc. 4 2.75% $3,979
M&T Bank 4 2.78% $7,266
Northpointe Bank 4 2.88% $4,420
UNITED MORTGAGE CORP. 4 2.69% $7,638
Wyndham Capital Mortgage, Inc. 4 2.47% $4,534
KEMBA FINANCIAL 3 2.92% $7,221
LOANPAL, LLC 3 2.50% $5,946
PLAZA HOME MORTGAGE, INC. 3 2.58% $5,488
Meridian Bank Corporation 3 2.25% $5,055
BELEM SERVICING LLC 3 2.21% $6,182
Bank of England 3 3.13% $13,498
American Midwest Mortgage Corporation 3 2.92% $7,346
Evolve Bank & Trust 3 3.00% $8,721
First Commonwealth Bank 3 2.33% $4,075
PHH Mortgage Corporation 3 2.63% $5,983
Cf Bank 3 2.42% $3,573
WesBanco Bank, Inc. 3 2.46% $7,899
Renasant Bank 3 2.50% $6,965
First Federal Bank of Kansas City 2 2.25% $2,545
MIDLAND MORTGAGE CORPORATION 2 2.94% $7,822
The Park National Bank 2 2.69% $9,635
ROYAL UNITED MORTGAGE LLC 2 2.50% $6,646
TOP FLITE FINANCIAL, INC. 2 2.88% $8,920
LENOX FINANCIAL MORTGAGE CORPORATION 2 2.75% $7,671
Truist 2 2.65% $1,471
SIRVA MORTGAGE, INC. 2 2.88% $1,963
Prime Choice Funding Inc. 2 2.44% $8,741
ZILLOW HOME LOANS, LLC 2 3.00% $3,266
First Merchants Bank 2 2.56% $2,636
1ST SIGNATURE LENDING, LLC 2 2.63% $13,826
CMG MORTGAGE, INC. 2 3.25% $7,733
KELLER MORTGAGE, LLC 2 2.88% $2,085
Strong Home Mortgage, LLC 1 2.38% $13,534
SUCCESS MORTGAGE PARTNERS, INC. 1 3.13% $9,789
SUMMIT FUNDING, INC. 1 2.75% $4,864
CME Federal Credit Union 1 2.50% $3,060
TCF National Bank 1 2.50% $1,654
Texana Bank 1 2.75% $15,781
Century Mortgage Company DBA Century Lending Company 1 3.75% $8,083
Centennial Bank 1 2.25% $8,401
CANOPY MORTGAGE, LLC 1 3.25% $12,722
Blue Ridge Bank 1 2.50% $13,760
TOWNE MORTGAGE COMPANY 1 3.63% $8,517
TrueCore Federal Credit Union 1 2.88% $0
UNION CAPITAL MORTGAGE CORPORATION 1 2.50% $65
AmRes Corporation 1 2.75% $9,882
AmeriHome Mortgage Company, LLC 1 3.13% $1,951
United Fidelity Funding Corp. 1 2.88% $5,829
UNITED SECURITY FINANCIAL CORP 1 2.25% $1,760
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.50% $4,482
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.88% $4,529
AHL FUNDING 1 2.63% $12,845
ACADEMY MORTGAGE CORPORATION 1 2.25% $20,582
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.25% $5,600
MLD MORTGAGE INC. 1 2.25% $2,507
AMERIFIRST FINANCIAL CORPORATION 1 2.75% $11,802
NATIONS RELIABLE LENDING, LLC 1 2.99% $3,969
JAMES B. NUTTER & COMPANY 1 3.13% $1,708
INLANTA MORTGAGE, INC. 1 2.75% $18,223
HOPEWELL Federal Credit Union 1 3.00% $2,489
NORTHERN MORTGAGE SERVICES, LLC 1 2.50% $17,182
ABSOLUTE HOME MORTGAGE CORPORATION 1 2.25% $2,264
Heartland Bank 1 2.50% $9,476
HAMILTON HOME LOANS, INC. 1 3.25% $13,518
Florida Capital Bank 1 2.38% $3,196
OCMBC, INC. 1 3.25% $16,528
Paramount Bank 1 2.75% $1,528
First Savings Bank 1 2.25% $10,462
First Federal Bank of the Midwest 1 2.25% $16,757
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.00% $13,389
FirstBank 1 2.50% $373
EVANSVILLE TEACHERS 1 2.63% $10,713
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 2.88% $16,427
EMM LOANS LLC 1 3.13% $9,046
CONTOUR MORTGAGE CORPORATION 1 2.25% $9,995
Congressional Bank 1 2.75% $9,070
RESIDENTIAL BANCORP. 1 2.25% $4,818
Community First National Bank 1 2.75% $1,906
S1L, Inc. 1 3.00% $4,283
SECURITYNATIONAL MORTGAGE COMPANY 1 3.25% $8,978
SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.88% $15,954
STEARNS LENDING, LLC 1 2.25% $1,971

The top Columbus VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 471 VA loans originated. Their average total fees are $5,669, which is $2,562 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Columbus VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,076), PLANET HOME LENDING, LLC ($2,710), InterContinental Capital Group, Inc ($2,886), FREEDOM MORTGAGE CORPORATION ($3,106) and LAKEVIEW LOAN SERVICING, LLC ($3,183).

The lowest rate Columbus VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.26%), BNC National Bank (2.34%), Low VA Rates, LLC (2.38%), NP, Inc. (2.39%) and VILLAGE CAPITAL MORTGAGE (2.40%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Columbus (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 $254,450 (29.5%) $339,283 (14.0%) 0.94 3,075
2018-02-01 $276,445 (34.9%) $361,458 (17.4%) 1.00 2,800
2018-03-01 $280,000 (20.7%) $362,210 (10.1%) 0.98 2,841
2018-04-01 $292,450 (17.5%) $368,446 (7.8%) 0.99 3,043
2018-05-01 $299,900 (14.9%) $377,689 (7.7%) 1.00 3,441
2018-06-01 $299,900 (14.0%) $376,350 (6.5%) 1.00 3,844
2018-07-01 $299,800 (15.4%) $374,633 (7.9%) 1.00 4,240
2018-08-01 $284,850 (9.8%) $359,166 (4.5%) 0.95 4,625
2018-09-01 $274,800 (9.9%) $351,521 (6.1%) 0.92 4,753
2018-10-01 $266,450 (6.7%) $345,100 (5.9%) 0.90 4,805
2018-11-01 $261,200 (5.4%) $339,966 (3.9%) 0.89 4,598
2018-12-01 $254,900 (4.1%) $335,781 (2.3%) 0.88 3,979
2019-01-01 $254,915 (0.2%) $337,189 (-0.6%) 0.88 3,382
2019-02-01 $268,950 (-2.7%) $350,324 (-3.1%) 0.91 3,140
2019-03-01 $285,671 (2.0%) $369,906 (2.1%) 0.93 3,145
2019-04-01 $301,340 (3.0%) $385,251 (4.6%) 0.96 3,259
2019-05-01 $307,500 (2.5%) $390,953 (3.5%) 0.96 3,521
2019-06-01 $321,417 (7.2%) $397,128 (5.5%) 1.00 3,698
2019-07-01 $319,900 (6.7%) $389,614 (4.0%) 1.00 4,107
2019-08-01 $301,791 (6.0%) $375,028 (4.4%) 0.96 4,292
2019-09-01 $289,477 (5.3%) $361,589 (2.9%) 0.93 4,409
2019-10-01 $279,450 (4.9%) $350,566 (1.6%) 0.90 4,488
2019-11-01 $274,900 (5.3%) $344,140 (1.2%) 0.90 4,183
2019-12-01 $273,900 (7.5%) $342,421 (2.0%) 0.91 3,581
2020-01-01 $277,450 (8.8%) $344,440 (2.2%) 0.93 3,086
2020-02-01 $293,250 (9.0%) $359,941 (2.7%) 0.96 2,602
2020-03-01 $299,900 (5.0%) $375,705 (1.6%) 0.94 2,685
2020-04-01 $308,600 (2.4%) $377,955 (-1.9%) 0.97 2,746
2020-05-01 $319,900 (4.0%) $390,466 (-0.1%) 0.97 2,646
2020-06-01 $329,803 (2.6%) $404,627 (1.9%) 0.97 2,500
2020-07-01 $327,250 (2.3%) $411,962 (5.7%) 0.95 2,371
2020-08-01 $314,631 (4.3%) $395,552 (5.5%) 0.90 2,335
2020-09-01 $299,900 (3.6%) $386,659 (6.9%) 0.86 2,389
2020-10-01 $300,000 (7.4%) $384,279 (9.6%) 0.86 2,392
2020-11-01 $302,500 (10.0%) $376,152 (9.3%) 0.88 2,248
2020-12-01 $304,900 (11.3%) $373,055 (9.0%) 0.91 1,879
2021-01-01 $299,250 (7.9%) $376,507 (9.3%) 0.89 1,559
2021-02-01 $303,404 (3.5%) $391,806 (8.9%) 0.88 1,256
2021-03-01 $312,400 (4.2%) $399,187 (6.3%) 0.89 1,306
2021-04-01 $307,200 (-0.5%) $398,405 (5.4%) 0.83 1,470
2021-05-01 $309,900 (-3.1%) $395,509 (1.3%) 0.82 1,635
2021-06-01 $299,950 (-9.1%) $391,975 (-3.1%) 0.79 1,885
2021-07-01 $300,000 (-8.3%) $383,104 (-7.0%) 0.79 2,253
2021-08-01 $299,900 (-4.7%) $376,138 (-4.9%) 0.80 2,434
2021-09-01 $289,450 (-3.5%) $369,884 (-4.3%) 0.77 2,393
2021-10-01 $289,999 (-3.3%) $374,676 (-2.5%) 0.77 2,320
2021-11-01 $289,422 (-4.3%) $373,866 (-0.6%) 0.77 2,018
2021-12-01 $289,835 (-4.9%) $383,852 (2.9%) 0.79 1,628
2022-01-01 $299,900 (0.2%) $394,006 (4.7%) 0.81 1,372
2022-02-01 $320,000 (5.5%) $409,872 (4.6%) 0.83 1,196
2022-03-01 $329,028 (5.3%) $410,880 (2.9%) 0.82 1,291
2022-04-01 $325,000 (5.8%) $413,920 (3.9%) 0.78 1,459
2022-05-01 $343,770 (10.9%) $438,072 (10.8%) 0.79 1,751
2022-06-01 $349,900 (16.7%) $444,897 (13.5%) 0.78 2,087
2022-07-01 $345,000 (15.0%) $434,503 (13.4%) 0.78 2,592
2022-08-01 $333,000 (11.0%) $426,567 (13.4%) 0.77 2,693
2022-09-01 $337,400 (16.6%) $428,104 (15.7%) 0.79 2,642
2022-10-01 $338,900 (16.9%) $425,831 (13.7%) 0.80 2,824
2022-11-01 $330,000 (14.0%) $426,553 (14.1%) 0.79 2,762
Columbus's median listing price for 2022-11-01 was $330,000, a difference of $40,578 (14.0%) versus the prior year and $-8,900 versus the prior month.

Columbus's median listing price comes in at 79% of the national average.

Columbus's average listing price for 2022-11-01 was $426,553, a difference of $52,687 (14.1%) versus the prior year and $722 versus the prior month.

For the 2022-11-01 period, Columbus had 2,762 MLS listings, a difference of -62 listings (-2%) versus the prior month and 744 listings (37%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 80 days 1,932 sqft
2018-02-01 72 days 2,044 sqft
2018-03-01 42 days 2,052 sqft
2018-04-01 36 days 2,090 sqft
2018-05-01 33 days 2,150 sqft
2018-06-01 33 days 2,151 sqft
2018-07-01 39 days 2,147 sqft
2018-08-01 37 days 2,065 sqft
2018-09-01 44 days 2,016 sqft
2018-10-01 51 days 1,977 sqft
2018-11-01 53 days 1,955 sqft
2018-12-01 64 days 1,904 sqft
2019-01-01 74 days 1,897 sqft
2019-02-01 68 days 1,944 sqft
2019-03-01 48 days 2,008 sqft
2019-04-01 35 days 2,067 sqft
2019-05-01 33 days 2,093 sqft
2019-06-01 36 days 2,129 sqft
2019-07-01 39 days 2,133 sqft
2019-08-01 40 days 2,078 sqft
2019-09-01 42 days 2,013 sqft
2019-10-01 44 days 1,961 sqft
2019-11-01 52 days 1,933 sqft
2019-12-01 66 days 1,905 sqft
2020-01-01 72 days 1,920 sqft
2020-02-01 54 days 1,954 sqft
2020-03-01 39 days 1,994 sqft
2020-04-01 42 days 1,994 sqft
2020-05-01 50 days 2,029 sqft
2020-06-01 41 days 2,050 sqft
2020-07-01 35 days 2,012 sqft
2020-08-01 31 days 1,961 sqft
2020-09-01 30 days 1,867 sqft
2020-10-01 31 days 1,856 sqft
2020-11-01 38 days 1,820 sqft
2020-12-01 46 days 1,787 sqft
2021-01-01 49 days 1,772 sqft
2021-02-01 32 days 1,771 sqft
2021-03-01 22 days 1,798 sqft
2021-04-01 14 days 1,796 sqft
2021-05-01 11 days 1,803 sqft
2021-06-01 14 days 1,764 sqft
2021-07-01 16 days 1,772 sqft
2021-08-01 20 days 1,724 sqft
2021-09-01 24 days 1,673 sqft
2021-10-01 29 days 1,668 sqft
2021-11-01 33 days 1,659 sqft
2021-12-01 42 days 1,627 sqft
2022-01-01 41 days 1,620 sqft
2022-02-01 28 days 1,694 sqft
2022-03-01 17 days 1,712 sqft
2022-04-01 11 days 1,725 sqft
2022-05-01 12 days 1,791 sqft
2022-06-01 16 days 1,806 sqft
2022-07-01 22 days 1,800 sqft
2022-08-01 29 days 1,783 sqft
2022-09-01 32 days 1,789 sqft
2022-10-01 32 days 1,796 sqft
2022-11-01 37 days 1,772 sqft
Columbus's median listing age (time on market) for 2022-11-01 was 37 days. This is 14% longer than the same period one year ago.

Columbus's median square footage for active listings during the 2022-11-01 period was 1,772 sqft. One year prior, the average listing was 1,659 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.