Greensboro VA Loan Rates, Closing Costs & Stats

GREENSBORO-HIGH POINT, NC

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.

Greensboro's 127 lenders originated 1,201 VA loans during 2024. The total origination value was $373,465,000, with an average VA loan value of $310,962.

Greensboro VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Greensboro averaged 6.21% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Greensboro's average VA mortgage closing costs are $5,745.

The average rate for the prior week (2025-03-28) was 6.33% and one month ago for the week of 2025-02-28, the average rate was 6.51%.

The average rate one year ago was 6.52%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.28%.

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

Greensboro 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 Greensboro level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 182 6.45% $5,406
UNITED WHOLESALE MORTGAGE, LLC 94 5.84% $8,267
FREEDOM MORTGAGE CORPORATION 85 6.11% $8,373
QUICKEN LOANS, LLC 82 6.12% $10,840
DHI MORTGAGE COMPANY, LTD. 51 5.35% $5,494
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 46 6.44% $7,968
MOVEMENT MORTGAGE, LLC 39 6.29% $6,039
NAVY FEDERAL CREDIT UNION 36 5.86% $5,895
PENNYMAC LOAN SERVICES, LLC 32 5.59% $7,276
VILLAGE CAPITAL MORTGAGE 30 5.79% $7,386
LOANDEPOT.COM, LLC 26 5.83% $9,163
USAA Federal Savings Bank 25 6.29% $7,180
NEW DAY FINANCIAL, LLC 25 7.23% $9,487
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 18 6.44% $7,546
NEWREZ LLC 17 6.22% $7,715
UNION HOME MORTGAGE CORP. 16 6.39% $5,142
CROSSCOUNTRY MORTGAGE, LLC 15 6.32% $10,236
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.53% $5,174
MORTGAGE SOLUTIONS OF COLORADO, LLC 13 6.64% $6,190
GUARANTEED RATE, INC. 13 6.00% $5,202
Truist 12 6.06% $9,452
The Federal Savings Bank 11 6.30% $14,916
Barrington Bank & Trust Company, N.A. 10 6.19% $8,458
Prosperity Home Mortgage, LLC 9 6.00% $6,703
CLEARPATH LENDING 9 5.87% $4,867
Mid-Continent Funding, Inc. 8 6.08% $6,671
CMG MORTGAGE, INC. 8 6.20% $11,460
INTERCOASTAL MORTGAGE COMPANY 8 6.44% $7,761
HOWARD HANNA FINANCIAL SERVICES, INC. 7 6.14% $6,595
BROKER SOLUTIONS, INC. 7 6.41% $6,793
AMERISAVE MORTGAGE CORPORATION 7 5.29% $19,237
Carrington Mortgage Services, LLC 6 6.00% $11,430
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.20% $8,034
Mr. Cooper ( Nationstar Mortgage ) 5 6.38% $8,673
Ameris Bank 5 6.30% $14,484
Alcova Mortgage LLC 5 6.95% $4,402
EQUITY RESOURCES, INC. 5 6.10% $4,617
First-Citizens Bank & Trust Company 5 5.75% $5,205
PLAZA HOME MORTGAGE, INC. 5 6.47% $13,348
GUILD MORTGAGE COMPANY 4 6.50% $7,325
VANDERBILT MORTGAGE AND FINANCE, INC. 4 5.31% $5,236
HOMESIDE FINANCIAL, LLC 4 6.34% $11,338
Renasant Bank 4 6.03% $8,722
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.59% $10,660
Wells Fargo Bank 4 5.16% $13,177
Wolfe Financial, Inc 4 6.56% $4,273
RELIANCE FIRST CAPITAL, LLC 4 7.00% $8,453
Truliant Federal Credit Union 3 6.08% $2,909
PLANET HOME LENDING, LLC 3 5.82% $11,968
The Fidelity Bank 3 6.54% $5,304
U.S. Bank 3 6.08% $2,909
CARDINAL FINANCIAL 3 5.91% $13,215
NBKC BANK 3 5.63% $2,401
EVERETT FINANCIAL, INC. 3 6.79% $3,089
Atlantic Coast Mortgage, LLC 2 6.63% $5,779
AMERICAN FINANCIAL RESOURCES, INC. 2 6.25% $4,653
AmeriHome Mortgage Company, LLC 2 6.00% $3,438
AmRes Corporation 2 6.87% $7,906
CAPITAL CENTER, L.L.C. 2 5.88% $270
Equity Prime Mortgage LLC 2 6.56% $6,684
First Federal Bank 2 5.75% $2,119
LAKEVIEW LOAN SERVICING, LLC 2 6.12% $12,955
MORTGAGEONE, INC. 2 7.50% $1,924
NATION ONE MORTGAGE CORPORATION 2 6.75% $4,357
NETWORK CAPITAL FUNDING CORPORATION 2 6.06% $3,218
NFM, INC. 2 6.94% $5,715
PENTAGON FEDERAL CREDIT UNION 2 6.31% $5,868
PHH Mortgage Corporation 2 6.37% $8,280
SOUTHERN TRUST MORTGAGE, LLC 2 6.63% $5,289
SUN WEST MORTGAGE COMPANY, INC. 2 5.54% $7,956
T2 FINANCIAL LLC 2 7.13% $6,534
TOP FLITE FINANCIAL, INC. 2 6.81% $12,348
American Security Mortgage Corp. 1 5.63% $9,830
INSPIRE HOME LOANS INC. 1 6.13% $1,195
HOMESTEAD FUNDING CORP. 1 7.13% $18,379
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.25% $3,552
GREENSTATE CREDIT UNION 1 5.75% $640
GoPrime Mortgage, Inc. 1 6.50% $11,592
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.13% $3,878
Paramount Residential Mortgage Group, Inc. 1 6.50% $4,644
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.25% $4,972
VERITAS FUNDING, LLC 1 6.75% $10,851
Victorian Finance, LLC 1 6.75% $4,152
Flagstar Bank, FSB 1 6.00% $4,433
First National Bank of Pennsylvania 1 5.63% $3,771
Presidential Bank, FSB 1 5.25% $10,478
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $22,620
First Bank 1 6.12% $7,718
FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.63% $8,349
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.49% $7,457
ENVOY MORTGAGE, LTD 1 6.25% $8,533
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.99% $8,289
RESOURCE FINANCIAL SERVICES, INC. 1 6.13% $15,316
ROYAL UNITED MORTGAGE LLC 1 7.25% $14,660
SeaTrust Mortgage Company 1 6.13% $5,824
Sierra Pacific Mortgage Company, Inc. 1 5.75% $6,097
SOUTH CENTRAL BANK, INC. 1 6.50% $2,384
Southern First Bank 1 6.75% $2,720
AMERICAN FINANCING CORPORATION 1 5.63% $11,758
SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $2,852
SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $10,311
SUMMIT FUNDING, INC. 1 6.13% $9,931
AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $2,083
ALLIED MORTGAGE GROUP, INC. 1 6.25% $6,091
TD Bank 1 6.50% $644
Texana Bank 1 8.13% $21,620
EMBRACE HOME LOANS, INC. 1 6.38% $11,791
Corporate Investors Mortgage Group, Inc. 1 6.13% $9,371
The Loan Store, Inc. 1 5.63% $3,195
TIDEWATER MORTGAGE SERVICES, INC. 1 6.75% $4,615
TJC Mortgage, Inc. 1 6.63% $8,553
ZILLOW HOME LOANS, LLC 1 6.50% $15,109
TOWNE MORTGAGE COMPANY 1 5.99% $7,373
Towne Mortgage of the Carolinas, LLC 1 5.63% $6,016
CORNERSTONE HOME LENDING, INC. 1 6.63% $24,778
Citizens Bank 1 6.00% $7,720
Blue Ridge Bank 1 6.13% $8,276
Magnolia Bank 1 5.75% $8,990
MICHIGAN MUTUAL, INC. 1 6.75% $5,923
LOANPAL, LLC 1 6.13% $3,545
MILEND, INC. 1 7.25% $9,153
Arvest Bank 1 5.88% $9,548
LOANFLIGHT LENDING, LLC 1 6.75% $5,643
LADERA LENDING, INC. 1 7.25% $9,320
JMAC LENDING, INC. 1 6.25% $3,024
JET HOMELOANS, LLC 1 5.99% $3,553
Ixonia Bank 1 6.75% $5,420

The top Greensboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with 182 VA loans originated. Their average total fees are $5,406, which is $2,861 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Greensboro VA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($5,142), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,174), GUARANTEED RATE, INC. ($5,202), Mortgage Research Center, LLC ($5,406) and DHI MORTGAGE COMPANY, LTD. ($5,494).

The lowest rate Greensboro VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.35%), PENNYMAC LOAN SERVICES, LLC (5.59%), VILLAGE CAPITAL MORTGAGE (5.79%), LOANDEPOT.COM, LLC (5.83%) and UNITED WHOLESALE MORTGAGE, LLC (5.84%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Greensboro (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 $205,000 (14.1%) $307,535 (14.8%) 0.76 2,360
2018-02-01 $214,238 (16.0%) $313,783 (13.8%) 0.78 2,285
2018-03-01 $225,000 (19.8%) $321,380 (14.9%) 0.79 2,267
2018-04-01 $242,000 (21.1%) $329,300 (14.8%) 0.82 2,246
2018-05-01 $244,000 (16.2%) $330,513 (11.1%) 0.81 2,353
2018-06-01 $239,900 (12.0%) $328,792 (9.5%) 0.80 2,406
2018-07-01 $244,975 (17.2%) $326,378 (10.1%) 0.82 2,401
2018-08-01 $247,030 (16.7%) $306,499 (3.6%) 0.83 2,095
2018-09-01 $249,000 (15.8%) $308,923 (2.6%) 0.84 2,086
2018-10-01 $247,690 (14.7%) $306,357 (0.7%) 0.84 2,112
2018-11-01 $244,950 (20.4%) $301,704 (-0.2%) 0.83 2,090
2018-12-01 $246,330 (23.5%) $303,298 (1.4%) 0.85 2,002
2019-01-01 $249,900 (21.9%) $307,227 (-0.1%) 0.86 1,822
2019-02-01 $254,400 (18.8%) $306,646 (-2.3%) 0.86 1,724
2019-03-01 $260,714 (15.9%) $317,009 (-1.4%) 0.85 1,681
2019-04-01 $265,000 (9.5%) $327,157 (-0.7%) 0.84 1,688
2019-05-01 $269,900 (10.6%) $328,700 (-0.6%) 0.84 1,790
2019-06-01 $264,485 (10.3%) $324,708 (-1.2%) 0.83 1,866
2019-07-01 $266,750 (8.9%) $324,428 (-0.6%) 0.84 1,887
2019-08-01 $262,490 (6.3%) $318,705 (4.0%) 0.83 1,920
2019-09-01 $261,033 (4.8%) $315,805 (2.2%) 0.84 1,926
2019-10-01 $262,419 (6.0%) $316,748 (3.4%) 0.85 1,902
2019-11-01 $264,174 (7.9%) $318,476 (5.6%) 0.87 1,839
2019-12-01 $265,515 (7.8%) $316,698 (4.4%) 0.89 1,616
2020-01-01 $264,597 (5.9%) $313,990 (2.2%) 0.88 1,454
2020-02-01 $261,310 (2.7%) $314,845 (2.7%) 0.86 1,355
2020-03-01 $268,450 (3.0%) $324,171 (2.3%) 0.84 1,347
2020-04-01 $260,623 (-1.7%) $324,129 (-0.9%) 0.82 1,410
2020-05-01 $284,000 (5.2%) $346,651 (5.5%) 0.86 1,372
2020-06-01 $291,248 (10.1%) $369,955 (13.9%) 0.86 1,254
2020-07-01 $296,578 (11.2%) $368,479 (13.6%) 0.86 1,135
2020-08-01 $299,000 (13.9%) $372,479 (16.9%) 0.86 1,066
2020-09-01 $296,900 (13.7%) $374,241 (18.5%) 0.85 994
2020-10-01 $284,900 (8.6%) $361,741 (14.2%) 0.82 968
2020-11-01 $264,500 (0.1%) $339,746 (6.7%) 0.77 923
2020-12-01 $257,695 (-3.0%) $339,258 (7.1%) 0.77 910
2021-01-01 $260,000 (-1.7%) $347,303 (10.6%) 0.78 731
2021-02-01 $248,698 (-4.8%) $345,475 (9.7%) 0.72 631
2021-03-01 $252,500 (-5.9%) $355,146 (9.6%) 0.72 550
2021-04-01 $250,000 (-4.1%) $349,550 (7.8%) 0.68 548
2021-05-01 $245,900 (-13.4%) $341,850 (-1.4%) 0.65 605
2021-06-01 $256,175 (-12.0%) $346,599 (-6.3%) 0.67 673
2021-07-01 $250,000 (-15.7%) $339,945 (-7.7%) 0.66 744
2021-08-01 $256,995 (-14.1%) $353,253 (-5.2%) 0.69 856
2021-09-01 $257,000 (-13.4%) $350,308 (-6.4%) 0.69 908
2021-10-01 $255,000 (-10.5%) $355,984 (-1.6%) 0.68 897
2021-11-01 $259,195 (-2.0%) $355,152 (4.5%) 0.69 826
2021-12-01 $258,847 (0.5%) $365,089 (7.6%) 0.70 685
2022-01-01 $274,900 (5.7%) $374,901 (8.0%) 0.74 557
2022-02-01 $275,000 (10.6%) $381,210 (10.3%) 0.72 478
2022-03-01 $278,950 (10.5%) $383,296 (7.9%) 0.70 469
2022-04-01 $299,000 (19.6%) $402,895 (15.3%) 0.71 486
2022-05-01 $319,500 (29.9%) $407,220 (19.1%) 0.73 646
2022-06-01 $337,225 (31.6%) $405,643 (17.0%) 0.75 777
2022-07-01 $324,900 (30.0%) $395,154 (16.2%) 0.73 909
2022-08-01 $325,000 (26.5%) $402,467 (13.9%) 0.75 942
2022-09-01 $326,060 (26.9%) $396,057 (13.1%) 0.76 969
2022-10-01 $324,640 (27.3%) $390,235 (9.6%) 0.76 1,032
2022-11-01 $322,450 (24.4%) $392,033 (10.4%) 0.78 1,076
2022-12-01 $317,895 (22.8%) $389,017 (6.6%) 0.78 1,032
2023-01-01 $322,551 (17.3%) $388,551 (3.6%) 0.80 902
2023-02-01 $323,700 (17.7%) $399,691 (4.9%) 0.78 826
2023-03-01 $326,882 (17.2%) $416,480 (8.7%) 0.77 747
2023-04-01 $338,400 (13.2%) $420,308 (4.3%) 0.79 766
2023-05-01 $334,500 (4.7%) $415,079 (1.9%) 0.76 837
2023-06-01 $341,995 (1.4%) $416,883 (2.8%) 0.77 838
2023-07-01 $345,000 (6.2%) $423,813 (7.3%) 0.78 843
2023-08-01 $331,495 (2.0%) $419,054 (4.1%) 0.76 912
2023-09-01 $330,000 (1.2%) $410,553 (3.7%) 0.77 940
2023-10-01 $320,875 (-1.2%) $396,975 (1.7%) 0.76 1,082
2023-11-01 $317,450 (-1.6%) $386,051 (-1.5%) 0.76 1,130
2023-12-01 $308,965 (-2.8%) $377,177 (-3.0%) 0.75 1,158
2024-01-01 $310,968 (-3.6%) $374,609 (-3.6%) 0.76 1,108
2024-02-01 $312,950 (-3.3%) $373,486 (-6.6%) 0.75 1,058
2024-03-01 $318,900 (-2.4%) $375,722 (-9.8%) 0.75 1,037
2024-04-01 $329,548 (-2.6%) $390,456 (-7.1%) 0.77 1,062
2024-05-01 $342,037 (2.3%) $409,642 (-1.3%) 0.78 1,092
2024-06-01 $339,990 (-0.6%) $416,010 (-0.2%) 0.77 1,180
2024-07-01 $337,000 (-2.3%) $418,050 (-1.4%) 0.77 1,235
2024-08-01 $335,000 (1.1%) $418,109 (-0.2%) 0.78 1,265
2024-09-01 $335,123 (1.6%) $425,340 (3.6%) 0.79 1,359
2024-10-01 $337,350 (5.1%) $421,238 (6.1%) 0.79 1,460
2024-11-01 $325,000 (2.4%) $411,927 (6.7%) 0.78 1,546
2024-12-01 $317,500 (2.8%) $409,279 (8.5%) 0.79 1,465
2025-01-01 $320,000 (2.9%) $405,796 (8.3%) 0.80 1,342
2025-02-01 $319,900 (2.2%) $401,848 (7.6%) 0.78 1,355
2025-03-01 $329,900 (3.5%) $410,675 (9.3%) 0.00 1,381
Greensboro's median listing price for 2025-03-01 was $329,900, a difference of $11,000 (3.5%) versus the prior year and $10,000 versus the prior month.

Greensboro's median listing price comes in at 0% of the national average.

Greensboro's average listing price for 2025-03-01 was $410,675, a difference of $34,953 (9.3%) versus the prior year and $8,827 versus the prior month.

For the 2025-03-01 period, Greensboro had 1,381 MLS listings, a difference of 26 listings (2%) versus the prior month and 344 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Greensboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 92 days 2,082 sqft
2018-02-01 91 days 2,090 sqft
2018-03-01 66 days 2,159 sqft
2018-04-01 59 days 2,290 sqft
2018-05-01 58 days 2,302 sqft
2018-06-01 57 days 2,290 sqft
2018-07-01 65 days 2,275 sqft
2018-08-01 62 days 2,240 sqft
2018-09-01 64 days 2,232 sqft
2018-10-01 65 days 2,211 sqft
2018-11-01 70 days 2,192 sqft
2018-12-01 77 days 2,169 sqft
2019-01-01 87 days 2,195 sqft
2019-02-01 78 days 2,222 sqft
2019-03-01 66 days 2,297 sqft
2019-04-01 51 days 2,366 sqft
2019-05-01 50 days 2,390 sqft
2019-06-01 53 days 2,348 sqft
2019-07-01 57 days 2,309 sqft
2019-08-01 56 days 2,272 sqft
2019-09-01 56 days 2,254 sqft
2019-10-01 56 days 2,245 sqft
2019-11-01 64 days 2,246 sqft
2019-12-01 74 days 2,266 sqft
2020-01-01 82 days 2,239 sqft
2020-02-01 80 days 2,231 sqft
2020-03-01 49 days 2,224 sqft
2020-04-01 52 days 2,200 sqft
2020-05-01 60 days 2,319 sqft
2020-06-01 53 days 2,400 sqft
2020-07-01 52 days 2,389 sqft
2020-08-01 45 days 2,312 sqft
2020-09-01 42 days 2,270 sqft
2020-10-01 35 days 2,225 sqft
2020-11-01 55 days 2,147 sqft
2020-12-01 66 days 2,069 sqft
2021-01-01 74 days 2,050 sqft
2021-02-01 61 days 2,011 sqft
2021-03-01 43 days 2,050 sqft
2021-04-01 43 days 1,959 sqft
2021-05-01 44 days 1,900 sqft
2021-06-01 42 days 1,872 sqft
2021-07-01 40 days 1,841 sqft
2021-08-01 37 days 1,836 sqft
2021-09-01 38 days 1,820 sqft
2021-10-01 43 days 1,818 sqft
2021-11-01 45 days 1,843 sqft
2021-12-01 48 days 1,821 sqft
2022-01-01 55 days 1,813 sqft
2022-02-01 49 days 1,875 sqft
2022-03-01 38 days 1,798 sqft
2022-04-01 32 days 1,906 sqft
2022-05-01 30 days 1,987 sqft
2022-06-01 30 days 2,012 sqft
2022-07-01 34 days 1,944 sqft
2022-08-01 39 days 1,956 sqft
2022-09-01 43 days 1,974 sqft
2022-10-01 44 days 2,016 sqft
2022-11-01 48 days 2,034 sqft
2022-12-01 59 days 2,004 sqft
2023-01-01 65 days 1,981 sqft
2023-02-01 50 days 1,923 sqft
2023-03-01 50 days 1,895 sqft
2023-04-01 40 days 1,938 sqft
2023-05-01 38 days 1,873 sqft
2023-06-01 43 days 1,888 sqft
2023-07-01 43 days 1,900 sqft
2023-08-01 38 days 1,861 sqft
2023-09-01 39 days 1,914 sqft
2023-10-01 38 days 1,853 sqft
2023-11-01 40 days 1,791 sqft
2023-12-01 46 days 1,725 sqft
2024-01-01 54 days 1,670 sqft
2024-02-01 47 days 1,752 sqft
2024-03-01 45 days 1,666 sqft
2024-04-01 40 days 1,776 sqft
2024-05-01 40 days 2,014 sqft
2024-06-01 41 days 1,951 sqft
2024-07-01 43 days 1,912 sqft
2024-08-01 43 days 1,894 sqft
2024-09-01 44 days 1,865 sqft
2024-10-01 45 days 1,840 sqft
2024-11-01 51 days 1,834 sqft
2024-12-01 59 days 1,786 sqft
2025-01-01 67 days 1,815 sqft
2025-02-01 58 days 1,705 sqft
2025-03-01 0 days 1,824 sqft
Greensboro's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Greensboro's median square footage for active listings during the 2025-03-01 period was 1,824 sqft. One year prior, the average listing was 1,666 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.