Greenville VA Loan Rates, Closing Costs & Stats

GREENVILLE-ANDERSON, SC

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.

Greenville's 132 lenders originated 1,285 VA loans during 2023. The total origination value was $419,525,000, with an average VA loan value of $326,479.

Greenville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Greenville averaged 6.56% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

Greenville's average VA mortgage closing costs are $5,972.

The average rate for the prior week (2025-02-07) was 6.29% and one month ago for the week of 2025-01-10, the average rate was 6.33%.

The average rate one year ago was 6.15%.

For refis of the same type during the week of 2025-02-14, the average rate was 6.86%.

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

Greenville 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 Greenville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 181 6.69% $7,350
QUICKEN LOANS, LLC 87 6.25% $11,953
DHI MORTGAGE COMPANY, LTD. 72 5.38% $6,507
UNITED WHOLESALE MORTGAGE, LLC 67 6.24% $9,425
NAVY FEDERAL CREDIT UNION 52 5.78% $6,403
NVR Mortgage Finance, Inc. 47 5.41% $6,060
LOANDEPOT.COM, LLC 41 5.75% $11,252
PRIMELENDING, A PLAINSCAPITAL COMPANY 36 6.21% $7,929
MOVEMENT MORTGAGE, LLC 31 6.55% $7,694
FREEDOM MORTGAGE CORPORATION 30 6.58% $16,569
CROSSCOUNTRY MORTGAGE, LLC 28 6.82% $8,972
USAA Federal Savings Bank 24 6.09% $8,077
FBC MORTGAGE, LLC 24 5.54% $5,552
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 6.73% $7,234
PENNYMAC LOAN SERVICES, LLC 23 5.56% $9,271
EAGLE HOME MORTGAGE, LLC 22 6.29% $2,982
ACOPIA, LLC 22 6.37% $5,872
CARDINAL FINANCIAL 19 6.84% $13,730
ON Q FINANCIAL, INC. 17 6.49% $8,009
The Federal Savings Bank 17 6.23% $17,314
HOMESIDE FINANCIAL, LLC 14 6.90% $8,539
NEW DAY FINANCIAL, LLC 14 7.89% $14,860
American Mortgage & Equity Consultants, Inc. 12 6.32% $6,166
Mr. Cooper ( Nationstar Mortgage ) 12 6.02% $15,277
MORTGAGE SOLUTIONS OF COLORADO, LLC 12 7.28% $4,194
VILLAGE CAPITAL MORTGAGE 10 6.23% $10,800
NEWREZ LLC 10 6.58% $11,797
Sierra Pacific Mortgage Company, Inc. 10 6.06% $7,984
Ameris Bank 9 6.83% $5,181
GUILD MORTGAGE COMPANY 9 6.49% $6,375
Renasant Bank 9 6.01% $5,754
VANDERBILT MORTGAGE AND FINANCE, INC. 8 6.30% $4,526
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.34% $12,693
Magnolia Bank 7 6.43% $13,664
Barrington Bank & Trust Company, N.A. 7 5.98% $12,511
BROKER SOLUTIONS, INC. 7 6.29% $7,978
PENTAGON FEDERAL CREDIT UNION 7 5.96% $6,452
Paramount Residential Mortgage Group, Inc. 7 6.25% $8,497
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 7 6.39% $6,616
Wells Fargo Bank 6 5.79% $5,010
CMG MORTGAGE, INC. 6 6.40% $8,440
AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.40% $10,273
Southern First Bank 6 6.58% $7,289
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 7.33% $7,512
Countybank 5 7.18% $7,754
GUARANTEED RATE, INC. 5 6.31% $6,219
Truist 4 6.36% $7,147
GENEVA FINANCIAL, LLC 4 6.75% $9,729
CORNERSTONE HOME LENDING, INC. 4 6.00% $2,784
First Heritage Mortgage, LLC 4 6.34% $10,494
HOMEOWNERS FINANCIAL GROUP USA, LLC 4 6.84% $10,160
First Reliance Bank 4 6.63% $10,343
NBKC BANK 3 5.67% $5,649
PLAZA HOME MORTGAGE, INC. 3 6.50% $12,728
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.58% $9,835
Atlantic Coast Mortgage, LLC 3 7.16% $8,444
VERITAS FUNDING, LLC 3 6.21% $23,675
Mid-Continent Funding, Inc. 3 6.79% $8,681
Equity Prime Mortgage LLC 3 7.25% $12,063
Flagstar Bank, FSB 3 7.17% $7,456
Century Mortgage Company DBA Century Lending Company 3 6.29% $12,057
UNION HOME MORTGAGE CORP. 3 6.92% $7,471
AMERICAN FINANCIAL NETWORK, INC. 3 6.50% $5,219
RESOURCE FINANCIAL SERVICES, INC. 3 6.79% $11,105
Network Funding, L.P. 3 6.62% $8,475
TBI MORTGAGE COMPANY 2 5.75% $5,882
Alcova Mortgage LLC 2 7.56% $14,897
AMERISAVE MORTGAGE CORPORATION 2 4.75% $30,997
BANKSOUTH MORTGAGE COMPANY, LLC 2 5.93% $6,730
BAY EQUITY LLC 2 6.69% $6,968
CHURCHILL MORTGAGE CORPORATION 2 6.63% $8,301
CRESCENT MORTGAGE COMPANY 2 6.75% $3,685
First-Citizens Bank & Trust Company 2 6.13% $4,363
FIRST INTEGRITY MORTGAGE SERVICES, INC. 2 7.50% $6,368
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.13% $6,796
GUARANTEED RATE AFFINITY, LLC 2 6.13% $3,753
INSPIRE HOME LOANS INC. 2 6.63% $1,195
MICHIGAN MUTUAL, INC. 2 5.13% $16,755
MORTGAGEONE, INC. 2 7.06% $1,478
M&T Bank 2 6.00% $6,763
NEW FED MORTGAGE, CORP. 2 6.75% $5,803
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.19% $5,130
South State Bank 2 6.75% $4,399
SUN WEST MORTGAGE COMPANY, INC. 2 6.81% $12,986
LADERA LENDING, INC. 1 5.63% $18,199
OPEN MORTGAGE, LLC 1 6.13% $6,682
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.13% $18,757
KELLER MORTGAGE, LLC 1 5.50% $6,346
JPMorgan Chase Bank 1 5.50% $12,678
INTERCOASTAL MORTGAGE COMPANY 1 5.50% $2,039
Pinnacle Bank 1 6.63% $14,694
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.13% $10,893
PNC Bank 1 6.25% $15,324
POLARIS HOME FUNDING CORP. 1 7.13% $13,870
Presidential Bank, FSB 1 5.63% $5,789
Bank of England 1 7.25% $10,950
HOMESTAR FINANCIAL CORPORATION 1 7.25% $6,865
Princeton Mortgage Corporation 1 6.88% $12,284
GoPrime Mortgage, Inc. 1 6.38% $6,501
RAPID MORTGAGE COMPANY 1 6.75% $6,096
Florida Capital Bank 1 6.75% $12,072
First Federal Bank 1 5.38% $13,159
ROSS MORTGAGE CORPORATION 1 5.88% $10,133
ROYAL UNITED MORTGAGE LLC 1 5.88% $19,818
SeaTrust Mortgage Company 1 5.75% $15,090
ServisFirst Bank 1 5.75% $7,648
FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $7,627
SIRVA MORTGAGE, INC. 1 5.88% $4,904
EQUITY RESOURCES, INC. 1 6.50% $1,778
SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.63% $14,440
Arbor Bank 1 6.75% $5,022
SOUTHWEST STAGE FUNDING, LLC 1 6.88% $905
STOCKTON MORTGAGE CORPORATION 1 7.25% $4,784
ALLIED MORTGAGE GROUP, INC. 1 6.63% $2,885
Synovus Bank 1 5.75% $6,169
ACADEMY MORTGAGE CORPORATION 1 5.75% $24,355
The Central Trust Bank 1 5.25% $3,100
CONTOUR MORTGAGE CORPORATION 1 6.75% $13,916
TOP FLITE FINANCIAL, INC. 1 6.75% $12,386
Towne Bank 1 6.13% $10,811
TOWNE MORTGAGE COMPANY 1 7.25% $17,121
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $7,730
Truliant Federal Credit Union 1 6.75% $10,013
Carrington Mortgage Services, LLC 1 5.75% $4,239
CALIBER HOME LOANS, INC. 1 6.25% $21,558
University Bank 1 6.13% $6,496
CALCON MUTUAL MORTGAGE LLC 1 5.38% $14,767
U.S. Bank 1 4.99% $14,854
Blue Ridge Bank 1 6.99% $3,585
MILEND, INC. 1 7.00% $26,031
NFM, INC. 1 7.63% $14,100
MID AMERICA MORTGAGE, INC. 1 8.13% $4,478

The top Greenville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 181 VA loans originated. Their average total fees are $7,350, which is $4,603 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Greenville VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($2,982), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,194), FBC MORTGAGE, LLC ($5,552), ACOPIA, LLC ($5,872) and NVR Mortgage Finance, Inc. ($6,060).

The lowest rate Greenville VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.38%), NVR Mortgage Finance, Inc. (5.41%), FBC MORTGAGE, LLC (5.54%), PENNYMAC LOAN SERVICES, LLC (5.56%) and LOANDEPOT.COM, LLC (5.75%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Greenville (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 $269,448 (3.8%) $352,535 (1.5%) 1.00 3,073
2018-02-01 $270,200 (4.0%) $367,197 (5.5%) 0.98 3,077
2018-03-01 $274,900 (3.6%) $371,234 (4.5%) 0.96 3,123
2018-04-01 $275,950 (2.6%) $376,495 (3.3%) 0.93 3,248
2018-05-01 $274,950 (1.9%) $379,888 (4.9%) 0.92 3,357
2018-06-01 $279,000 (1.5%) $383,917 (4.5%) 0.93 3,442
2018-07-01 $275,000 (0.0%) $379,620 (3.0%) 0.92 3,454
2018-08-01 $274,500 (0.0%) $381,299 (4.0%) 0.92 3,421
2018-09-01 $267,000 (-1.1%) $375,631 (3.7%) 0.89 3,538
2018-10-01 $264,363 (-2.5%) $372,939 (1.9%) 0.89 3,598
2018-11-01 $264,950 (-1.8%) $374,803 (2.5%) 0.90 3,516
2018-12-01 $261,035 (-3.1%) $367,442 (1.9%) 0.90 3,414
2019-01-01 $264,874 (-1.7%) $369,117 (4.7%) 0.91 3,217
2019-02-01 $264,950 (-1.9%) $370,311 (0.9%) 0.89 3,134
2019-03-01 $275,814 (0.3%) $380,488 (2.5%) 0.90 3,059
2019-04-01 $284,900 (3.2%) $390,071 (3.6%) 0.90 3,025
2019-05-01 $286,882 (4.3%) $395,749 (4.2%) 0.89 3,176
2019-06-01 $284,900 (2.1%) $396,587 (3.3%) 0.89 3,322
2019-07-01 $280,989 (2.2%) $400,359 (5.5%) 0.88 3,500
2019-08-01 $278,636 (1.5%) $397,890 (4.4%) 0.88 3,489
2019-09-01 $276,591 (3.6%) $393,689 (4.8%) 0.89 3,489
2019-10-01 $275,677 (4.3%) $391,489 (5.0%) 0.89 3,475
2019-11-01 $274,900 (3.8%) $392,910 (4.8%) 0.90 3,378
2019-12-01 $269,900 (3.4%) $386,541 (5.2%) 0.90 3,191
2020-01-01 $269,945 (1.9%) $385,973 (4.6%) 0.90 3,043
2020-02-01 $276,591 (4.4%) $400,456 (8.1%) 0.91 2,864
2020-03-01 $279,900 (1.5%) $408,601 (7.4%) 0.88 2,878
2020-04-01 $279,940 (-1.7%) $405,145 (3.9%) 0.88 2,978
2020-05-01 $285,990 (-0.3%) $418,905 (5.9%) 0.87 2,891
2020-06-01 $298,188 (4.7%) $435,085 (9.7%) 0.88 2,552
2020-07-01 $290,000 (3.2%) $432,625 (8.1%) 0.84 2,452
2020-08-01 $290,500 (4.3%) $442,266 (11.2%) 0.83 2,293
2020-09-01 $290,312 (5.0%) $446,523 (13.4%) 0.83 2,120
2020-10-01 $283,263 (2.8%) $431,179 (10.1%) 0.82 2,093
2020-11-01 $279,900 (1.8%) $416,472 (6.0%) 0.82 2,096
2020-12-01 $275,833 (2.2%) $411,099 (6.4%) 0.82 1,939
2021-01-01 $276,200 (2.3%) $418,930 (8.5%) 0.83 1,690
2021-02-01 $283,157 (2.4%) $432,690 (8.1%) 0.83 1,459
2021-03-01 $296,450 (5.9%) $454,927 (11.3%) 0.84 1,242
2021-04-01 $311,900 (11.4%) $479,728 (18.4%) 0.85 1,095
2021-05-01 $304,336 (6.4%) $498,777 (19.1%) 0.81 1,006
2021-06-01 $318,900 (7.0%) $501,656 (15.3%) 0.84 1,068
2021-07-01 $319,000 (10.0%) $492,045 (13.7%) 0.84 1,251
2021-08-01 $342,125 (17.8%) $512,691 (15.9%) 0.91 1,298
2021-09-01 $348,075 (19.9%) $516,839 (15.8%) 0.93 1,303
2021-10-01 $337,950 (19.3%) $507,700 (17.8%) 0.90 1,300
2021-11-01 $331,490 (18.4%) $506,137 (21.5%) 0.88 1,235
2021-12-01 $330,731 (19.9%) $500,987 (21.9%) 0.89 1,178
2022-01-01 $329,000 (19.1%) $501,017 (19.6%) 0.89 1,030
2022-02-01 $345,000 (21.8%) $511,765 (18.3%) 0.90 854
2022-03-01 $342,450 (15.5%) $512,665 (12.7%) 0.86 814
2022-04-01 $353,655 (13.4%) $512,523 (6.8%) 0.84 852
2022-05-01 $356,494 (17.1%) $509,882 (2.2%) 0.82 1,096
2022-06-01 $355,337 (11.4%) $492,515 (-1.8%) 0.79 1,375
2022-07-01 $353,000 (10.7%) $488,457 (-0.7%) 0.80 1,777
2022-08-01 $350,821 (2.5%) $487,443 (-4.9%) 0.82 1,916
2022-09-01 $349,900 (0.5%) $479,489 (-7.2%) 0.82 2,024
2022-10-01 $345,000 (2.1%) $477,645 (-5.9%) 0.81 2,269
2022-11-01 $341,950 (3.2%) $475,759 (-6.0%) 0.82 2,410
2022-12-01 $339,800 (2.7%) $472,459 (-5.7%) 0.84 2,244
2023-01-01 $336,015 (2.1%) $463,561 (-7.5%) 0.83 2,029
2023-02-01 $335,075 (-2.9%) $466,210 (-8.9%) 0.81 1,974
2023-03-01 $337,000 (-1.6%) $475,262 (-7.3%) 0.79 1,898
2023-04-01 $348,790 (-1.4%) $511,524 (-0.2%) 0.81 1,738
2023-05-01 $349,950 (-1.8%) $523,877 (2.7%) 0.79 1,728
2023-06-01 $352,028 (-0.9%) $538,994 (9.4%) 0.79 1,786
2023-07-01 $356,590 (1.0%) $531,220 (8.8%) 0.81 1,872
2023-08-01 $351,750 (0.3%) $519,601 (6.6%) 0.81 1,968
2023-09-01 $359,950 (2.9%) $527,738 (10.1%) 0.84 2,031
2023-10-01 $359,950 (4.3%) $524,445 (9.8%) 0.85 2,179
2023-11-01 $362,500 (6.0%) $533,111 (12.1%) 0.86 2,223
2023-12-01 $359,000 (5.7%) $528,211 (11.8%) 0.88 2,109
2024-01-01 $358,550 (6.7%) $526,652 (13.6%) 0.88 2,065
2024-02-01 $357,125 (6.6%) $513,062 (10.1%) 0.86 2,003
2024-03-01 $355,000 (5.3%) $508,924 (7.1%) 0.84 2,111
2024-04-01 $360,248 (3.3%) $535,459 (4.7%) 0.84 2,196
2024-05-01 $366,325 (4.7%) $555,690 (6.1%) 0.83 2,262
2024-06-01 $370,000 (5.1%) $547,806 (1.6%) 0.84 2,370
2024-07-01 $375,000 (5.2%) $537,486 (1.2%) 0.86 2,527
2024-08-01 $374,900 (6.6%) $530,100 (2.0%) 0.87 2,714
2024-09-01 $369,900 (2.8%) $526,199 (-0.3%) 0.87 2,877
2024-10-01 $365,095 (1.4%) $521,183 (-0.6%) 0.86 2,769
2024-11-01 $358,900 (-1.0%) $520,049 (-2.5%) 0.86 2,766
2024-12-01 $359,950 (0.3%) $517,136 (-2.1%) 0.89 2,560
2025-01-01 $361,045 (0.7%) $519,310 (-1.4%) 0.00 2,445
Greenville's median listing price for 2025-01-01 was $361,045, a difference of $2,495 (0.7%) versus the prior year and $1,095 versus the prior month.

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

Greenville's average listing price for 2025-01-01 was $519,310, a difference of $-7,342 (-1.4%) versus the prior year and $2,174 versus the prior month.

For the 2025-01-01 period, Greenville had 2,445 MLS listings, a difference of -115 listings (-4%) versus the prior month and 380 listings (18%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 81 days 2,210 sqft
2018-02-01 76 days 2,220 sqft
2018-03-01 57 days 2,302 sqft
2018-04-01 52 days 2,348 sqft
2018-05-01 51 days 2,294 sqft
2018-06-01 55 days 2,271 sqft
2018-07-01 60 days 2,264 sqft
2018-08-01 65 days 2,225 sqft
2018-09-01 64 days 2,152 sqft
2018-10-01 64 days 2,142 sqft
2018-11-01 68 days 2,137 sqft
2018-12-01 77 days 2,104 sqft
2019-01-01 86 days 2,096 sqft
2019-02-01 82 days 2,066 sqft
2019-03-01 70 days 2,138 sqft
2019-04-01 56 days 2,215 sqft
2019-05-01 51 days 2,235 sqft
2019-06-01 54 days 2,210 sqft
2019-07-01 54 days 2,198 sqft
2019-08-01 57 days 2,151 sqft
2019-09-01 61 days 2,122 sqft
2019-10-01 65 days 2,104 sqft
2019-11-01 67 days 2,100 sqft
2019-12-01 77 days 2,059 sqft
2020-01-01 79 days 2,063 sqft
2020-02-01 73 days 2,100 sqft
2020-03-01 61 days 2,131 sqft
2020-04-01 60 days 2,179 sqft
2020-05-01 64 days 2,200 sqft
2020-06-01 70 days 2,225 sqft
2020-07-01 58 days 2,190 sqft
2020-08-01 52 days 2,196 sqft
2020-09-01 51 days 2,079 sqft
2020-10-01 52 days 2,034 sqft
2020-11-01 53 days 1,978 sqft
2020-12-01 59 days 1,955 sqft
2021-01-01 68 days 1,950 sqft
2021-02-01 55 days 1,914 sqft
2021-03-01 51 days 1,889 sqft
2021-04-01 50 days 1,967 sqft
2021-05-01 40 days 1,923 sqft
2021-06-01 37 days 1,948 sqft
2021-07-01 33 days 1,952 sqft
2021-08-01 37 days 1,976 sqft
2021-09-01 44 days 1,962 sqft
2021-10-01 44 days 1,929 sqft
2021-11-01 45 days 1,871 sqft
2021-12-01 49 days 1,881 sqft
2022-01-01 54 days 1,870 sqft
2022-02-01 40 days 1,917 sqft
2022-03-01 37 days 1,859 sqft
2022-04-01 34 days 1,891 sqft
2022-05-01 32 days 1,990 sqft
2022-06-01 32 days 1,960 sqft
2022-07-01 34 days 1,987 sqft
2022-08-01 41 days 1,946 sqft
2022-09-01 45 days 2,002 sqft
2022-10-01 46 days 2,001 sqft
2022-11-01 51 days 2,035 sqft
2022-12-01 64 days 1,978 sqft
2023-01-01 75 days 1,931 sqft
2023-02-01 65 days 1,912 sqft
2023-03-01 51 days 1,913 sqft
2023-04-01 47 days 2,000 sqft
2023-05-01 43 days 2,020 sqft
2023-06-01 44 days 2,036 sqft
2023-07-01 43 days 2,048 sqft
2023-08-01 44 days 2,018 sqft
2023-09-01 44 days 2,018 sqft
2023-10-01 44 days 2,035 sqft
2023-11-01 46 days 2,047 sqft
2023-12-01 56 days 2,066 sqft
2024-01-01 63 days 2,046 sqft
2024-02-01 48 days 2,042 sqft
2024-03-01 42 days 2,039 sqft
2024-04-01 41 days 2,039 sqft
2024-05-01 37 days 2,053 sqft
2024-06-01 38 days 2,044 sqft
2024-07-01 46 days 2,053 sqft
2024-08-01 49 days 2,021 sqft
2024-09-01 49 days 1,992 sqft
2024-10-01 58 days 1,969 sqft
2024-11-01 64 days 1,955 sqft
2024-12-01 66 days 1,945 sqft
2025-01-01 0 days 1,956 sqft
Greenville's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

Greenville's median square footage for active listings during the 2025-01-01 period was 1,956 sqft. One year prior, the average listing was 2,046 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.