Hilton Head Island VA Loan Rates, Closing Costs & Stats

HILTON HEAD ISLAND-BLUFFTON, SC

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    • 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.

    Hilton Head Island's 113 lenders originated 950 VA loans during 2024. The total origination value was $391,530,000, with an average VA loan value of $412,137.

    Hilton Head Island VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hilton Head Island averaged 0.67% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Hilton Head Island's average VA mortgage closing costs are $7,134.

    The average rate for the prior week (2025-06-27) was 6.7% and one month ago for the week of 2025-05-30, the average rate was 6.93%.

    The average rate one year ago was 7.14%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.27%.

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

    Hilton Head Island 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 Hilton Head Island level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 100 5.86% $9,447
    Mortgage Research Center, LLC 86 6.31% $9,012
    NAVY FEDERAL CREDIT UNION 63 5.92% $7,253
    DHI MORTGAGE COMPANY, LTD. 50 5.06% $10,156
    PULTE MORTGAGE LLC 48 5.83% $7,744
    Gateway First Bank 44 6.27% $8,231
    QUICKEN LOANS, LLC 42 5.97% $12,512
    FREEDOM MORTGAGE CORPORATION 40 6.19% $11,050
    MOVEMENT MORTGAGE, LLC 39 6.29% $10,154
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 38 6.21% $8,696
    SUN WEST MORTGAGE COMPANY, INC. 23 6.19% $8,981
    VANDERBILT MORTGAGE AND FINANCE, INC. 17 5.45% $10,979
    PENNYMAC LOAN SERVICES, LLC 17 5.81% $9,659
    UNION HOME MORTGAGE CORP. 16 6.35% $13,440
    Ameris Bank 13 6.28% $13,126
    GUARANTEED RATE, INC. 12 6.09% $7,202
    CMG MORTGAGE, INC. 11 6.06% $13,413
    USAA Federal Savings Bank 11 6.11% $8,492
    NEWREZ LLC 11 5.90% $6,310
    LAKEVIEW LOAN SERVICING, LLC 9 5.62% $7,360
    BROKER SOLUTIONS, INC. 8 6.25% $16,326
    VILLAGE CAPITAL MORTGAGE 8 5.79% $8,391
    FBC MORTGAGE, LLC 7 6.00% $5,654
    MUTUAL OF OMAHA MORTGAGE, INC. 7 6.11% $17,589
    LOANDEPOT.COM, LLC 6 6.44% $11,171
    Nations Lending Corporation 6 6.48% $10,141
    Mr. Cooper ( Nationstar Mortgage ) 6 6.29% $16,173
    AMERICAN FINANCIAL NETWORK, INC. 6 6.48% $11,896
    Equity Prime Mortgage LLC 5 6.30% $10,810
    GMFS LLC 5 6.33% $6,317
    PENTAGON FEDERAL CREDIT UNION 5 6.20% $3,843
    NEW DAY FINANCIAL, LLC 5 7.40% $16,262
    CLEARPATH LENDING 5 5.85% $10,697
    NFM, INC. 5 6.18% $9,319
    South State Bank 4 6.50% $11,818
    EAGLE HOME MORTGAGE, LLC 4 6.56% $5,724
    East Coast Capital Corp. 4 6.22% $6,854
    Prosperity Home Mortgage, LLC 4 5.44% $11,778
    Carrington Mortgage Services, LLC 4 5.91% $10,149
    Plains Commerce Bank 4 6.41% $19,043
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.25% $9,476
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.25% $14,766
    DELMAR FINANCIAL COMPANY 3 6.83% $4,605
    DIRECT MORTGAGE LOANS, LLC 3 5.96% $15,899
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.08% $6,284
    GUILD MORTGAGE COMPANY 3 6.29% $9,206
    NBKC BANK 3 5.96% $8,532
    RELIANCE FIRST CAPITAL, LLC 3 6.50% $8,547
    TBI MORTGAGE COMPANY 3 6.13% $16,073
    The Federal Savings Bank 3 6.79% $9,631
    MORTGAGEONE, INC. 2 6.31% $12,333
    T2 FINANCIAL LLC 2 6.19% $6,668
    PLAZA HOME MORTGAGE, INC. 2 5.81% $8,867
    Presidential Bank, FSB 2 6.06% $9,732
    FIRST CONTINENTAL MORTGAGE, LTD. 2 5.75% $997
    CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $4,085
    CANOPY MORTGAGE, LLC 2 5.69% $12,088
    HOMESIDE FINANCIAL, LLC 2 5.75% $8,276
    First Federal Bank 2 6.06% $10,669
    Magnolia Bank 2 5.63% $9,556
    Renasant Bank 2 6.19% $4,934
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.44% $11,906
    CARDINAL FINANCIAL 2 5.93% $10,565
    MORTGAGE EQUITY PARTNERS LLC 2 6.25% $5,463
    EMM LOANS LLC 2 6.75% $3,515
    GUARANTEED RATE AFFINITY, LLC 2 6.50% $9,741
    Strong Home Mortgage, LLC 2 5.88% $8,693
    SUMMIT FUNDING, INC. 2 6.13% $8,021
    NP, Inc. 1 6.50% $13,466
    CAPITAL CENTER, L.L.C. 1 5.50% $12,165
    Pinnacle Bank 1 6.13% $5,695
    Capital Bank 1 5.50% $14,345
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $13,669
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.25% $20,874
    BOKF 1 6.63% $4,840
    Bell Bank 1 6.13% $450
    VERITAS FUNDING, LLC 1 6.25% $16,519
    RESOURCE FINANCIAL SERVICES, INC. 1 6.75% $2,266
    Barrington Bank & Trust Company, N.A. 1 6.25% $17,323
    STOCKTON MORTGAGE CORPORATION 1 7.75% $13,037
    Armed Forces Bank 1 5.25% $2,141
    AHL FUNDING 1 6.12% $11,151
    V.I.P. MORTGAGE, INC. 1 6.25% $29,298
    The Loan Store, Inc. 1 6.25% $10,837
    TruHome Solutions, LLC 1 6.00% $2,912
    Truist 1 6.60% $5,370
    AMERISAVE MORTGAGE CORPORATION 1 6.00% $10,456
    United Community Bank 1 5.75% $11,239
    UNITED MORTGAGE CORP 1 6.25% $6,302
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.25% $14,660
    Alcova Mortgage LLC 1 7.13% $11,324
    Flagstar Bank, FSB 1 5.88% $15,893
    GSF Mortgage Corporation 1 5.75% $6,560
    First Reliance Bank 1 6.50% $3,215
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.25% $6,319
    U.S. Bank 1 5.75% $4,184
    HOMESTEAD FUNDING CORP. 1 5.75% $4,688
    JET HOMELOANS, LLC 1 5.99% $17,945
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 6.50% $1,612
    LADERA LENDING, INC. 1 6.25% $6,053
    First Heritage Mortgage, LLC 1 6.88% $5,882
    LEGEND LENDING CORPORATION 1 5.50% $24,644
    Meridian Bank Corporation 1 5.99% $9,433
    MID AMERICA MORTGAGE, INC. 1 5.50% $14,757
    Mid-Continent Funding, Inc. 1 5.50% $2,151
    FirstBank 1 6.75% $15,938
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $14,706
    EQUITY RESOURCES, INC. 1 6.75% $5,183
    NATIONS DIRECT MORTGAGE, LLC 1 7.13% $8,125
    DAS Acquisition Company, LLC 1 6.75% $17,113
    ALAMEDA MORTGAGE CORPORATION 1 6.13% $6,473
    City National Bank of Florida 1 5.99% $10,353
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $4,287

    The top Hilton Head Island VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 100 VA loans originated. Their average total fees are $9,447, which is $435 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Hilton Head Island VA lenders (with over 10 loans originated) are NEWREZ LLC ($6,310), GUARANTEED RATE, INC. ($7,202), NAVY FEDERAL CREDIT UNION ($7,253), PULTE MORTGAGE LLC ($7,744) and Gateway First Bank ($8,231).

    The lowest rate Hilton Head Island VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.06%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.45%), PENNYMAC LOAN SERVICES, LLC (5.81%), PULTE MORTGAGE LLC (5.83%) and UNITED WHOLESALE MORTGAGE, LLC (5.86%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hilton Head Island (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 $399,000 (0.5%) $582,890 (1.5%) 1.48 2,619
    2018-02-01 $399,900 (0.2%) $589,915 (2.6%) 1.45 2,733
    2018-03-01 $413,433 (3.6%) $604,551 (4.9%) 1.45 2,799
    2018-04-01 $421,950 (5.8%) $622,378 (6.4%) 1.43 2,945
    2018-05-01 $419,000 (4.8%) $627,059 (5.7%) 1.40 2,956
    2018-06-01 $419,500 (2.6%) $626,474 (3.7%) 1.40 2,967
    2018-07-01 $424,019 (3.4%) $626,343 (3.7%) 1.42 2,927
    2018-08-01 $426,242 (4.1%) $637,991 (6.7%) 1.43 2,777
    2018-09-01 $419,000 (1.0%) $625,990 (5.1%) 1.41 2,908
    2018-10-01 $426,000 (3.0%) $644,773 (9.0%) 1.44 2,889
    2018-11-01 $425,000 (6.3%) $643,945 (10.3%) 1.44 2,918
    2018-12-01 $425,000 (6.5%) $647,340 (11.1%) 1.47 2,822
    2019-01-01 $425,000 (6.5%) $642,125 (10.2%) 1.47 2,805
    2019-02-01 $425,000 (6.3%) $639,931 (8.5%) 1.44 2,843
    2019-03-01 $424,243 (2.6%) $643,930 (6.5%) 1.39 2,925
    2019-04-01 $432,400 (2.5%) $659,020 (5.9%) 1.37 2,994
    2019-05-01 $439,450 (4.9%) $671,827 (7.1%) 1.37 2,989
    2019-06-01 $443,495 (5.7%) $673,962 (7.6%) 1.39 2,869
    2019-07-01 $435,000 (2.6%) $657,348 (5.0%) 1.36 2,858
    2019-08-01 $434,727 (2.0%) $658,280 (3.2%) 1.38 2,838
    2019-09-01 $434,318 (3.7%) $659,134 (5.3%) 1.39 2,780
    2019-10-01 $436,878 (2.6%) $663,724 (2.9%) 1.41 2,724
    2019-11-01 $435,000 (2.4%) $669,793 (4.0%) 1.43 2,681
    2019-12-01 $429,000 (0.9%) $664,157 (2.6%) 1.43 2,594
    2020-01-01 $425,000 (0.0%) $653,388 (1.8%) 1.42 2,491
    2020-02-01 $434,900 (2.3%) $662,261 (3.5%) 1.42 2,514
    2020-03-01 $435,000 (2.5%) $667,773 (3.7%) 1.36 2,581
    2020-04-01 $426,850 (-1.3%) $656,980 (-0.3%) 1.34 2,621
    2020-05-01 $425,000 (-3.3%) $664,289 (-1.1%) 1.29 2,555
    2020-06-01 $429,225 (-3.2%) $681,711 (1.2%) 1.26 2,241
    2020-07-01 $439,350 (1.0%) $697,645 (6.1%) 1.27 1,987
    2020-08-01 $434,000 (-0.2%) $708,463 (7.6%) 1.24 1,818
    2020-09-01 $415,875 (-4.3%) $720,099 (9.3%) 1.19 1,637
    2020-10-01 $400,000 (-8.4%) $723,318 (9.0%) 1.15 1,441
    2020-11-01 $412,000 (-5.3%) $748,196 (11.7%) 1.20 1,311
    2020-12-01 $415,125 (-3.2%) $768,300 (15.7%) 1.23 1,167
    2021-01-01 $440,949 (3.8%) $792,938 (21.4%) 1.32 973
    2021-02-01 $442,000 (1.6%) $813,000 (22.8%) 1.29 784
    2021-03-01 $455,000 (4.6%) $809,143 (21.2%) 1.29 692
    2021-04-01 $449,750 (5.4%) $840,260 (27.9%) 1.22 624
    2021-05-01 $473,500 (11.4%) $821,439 (23.7%) 1.26 586
    2021-06-01 $487,000 (13.5%) $830,170 (21.8%) 1.28 639
    2021-07-01 $499,000 (13.6%) $832,961 (19.4%) 1.32 686
    2021-08-01 $540,564 (24.6%) $841,071 (18.7%) 1.44 705
    2021-09-01 $512,500 (23.2%) $824,698 (14.5%) 1.37 721
    2021-10-01 $524,312 (31.1%) $857,559 (18.6%) 1.40 695
    2021-11-01 $524,700 (27.4%) $853,248 (14.0%) 1.40 597
    2021-12-01 $509,500 (22.7%) $873,876 (13.7%) 1.38 523
    2022-01-01 $499,900 (13.4%) $882,812 (11.3%) 1.35 419
    2022-02-01 $550,000 (24.4%) $918,629 (13.0%) 1.43 380
    2022-03-01 $579,950 (27.5%) $977,672 (20.8%) 1.45 370
    2022-04-01 $599,365 (33.3%) $993,575 (18.3%) 1.43 451
    2022-05-01 $650,000 (37.3%) $1,078,437 (31.3%) 1.49 604
    2022-06-01 $647,807 (33.0%) $1,072,805 (29.2%) 1.44 732
    2022-07-01 $625,000 (25.3%) $1,030,953 (23.8%) 1.41 876
    2022-08-01 $629,500 (16.5%) $1,015,593 (20.8%) 1.46 934
    2022-09-01 $642,450 (25.4%) $1,027,206 (24.6%) 1.50 935
    2022-10-01 $632,500 (20.6%) $1,007,952 (17.5%) 1.49 964
    2022-11-01 $627,408 (19.6%) $1,008,415 (18.2%) 1.51 1,047
    2022-12-01 $628,775 (23.4%) $1,005,863 (15.1%) 1.55 1,022
    2023-01-01 $624,450 (24.9%) $996,950 (12.9%) 1.55 961
    2023-02-01 $634,901 (15.4%) $1,001,611 (9.0%) 1.53 920
    2023-03-01 $649,375 (12.0%) $1,045,973 (7.0%) 1.53 885
    2023-04-01 $645,000 (7.6%) $1,046,806 (5.4%) 1.50 898
    2023-05-01 $648,875 (-0.2%) $1,039,516 (-3.6%) 1.47 889
    2023-06-01 $622,450 (-3.9%) $991,419 (-7.6%) 1.40 947
    2023-07-01 $620,000 (-0.8%) $1,008,721 (-2.2%) 1.41 1,015
    2023-08-01 $601,700 (-4.4%) $1,000,390 (-1.5%) 1.38 1,046
    2023-09-01 $599,450 (-6.7%) $980,978 (-4.5%) 1.40 1,133
    2023-10-01 $599,000 (-5.3%) $1,009,050 (0.1%) 1.41 1,254
    2023-11-01 $589,000 (-6.1%) $991,231 (-1.7%) 1.40 1,364
    2023-12-01 $571,090 (-9.2%) $980,404 (-2.5%) 1.39 1,332
    2024-01-01 $582,250 (-6.8%) $1,010,012 (1.3%) 1.42 1,303
    2024-02-01 $577,125 (-9.1%) $1,029,274 (2.8%) 1.39 1,308
    2024-03-01 $585,000 (-9.9%) $1,034,775 (-1.1%) 1.38 1,426
    2024-04-01 $599,000 (-7.1%) $1,026,338 (-2.0%) 1.39 1,505
    2024-05-01 $577,000 (-11.1%) $1,015,403 (-2.3%) 1.31 1,552
    2024-06-01 $589,000 (-5.4%) $992,451 (0.1%) 1.34 1,553
    2024-07-01 $575,000 (-7.3%) $966,122 (-4.2%) 1.32 1,562
    2024-08-01 $569,000 (-5.4%) $916,731 (-8.4%) 1.32 1,617
    2024-09-01 $571,500 (-4.7%) $918,722 (-6.4%) 1.34 1,645
    2024-10-01 $569,000 (-5.0%) $910,665 (-9.8%) 1.34 1,743
    2024-11-01 $569,000 (-3.4%) $914,345 (-7.8%) 1.37 1,821
    2024-12-01 $569,000 (-0.4%) $930,029 (-5.1%) 1.41 1,722
    2025-01-01 $569,225 (-2.2%) $936,163 (-7.3%) 1.42 1,666
    2025-02-01 $549,000 (-4.9%) $893,840 (-13.2%) 1.33 1,823
    2025-03-01 $559,700 (-4.3%) $934,561 (-9.7%) 1.32 1,875
    2025-04-01 $579,200 (-3.3%) $942,523 (-8.2%) 1.34 2,026
    2025-05-01 $580,000 (0.5%) $949,411 (-6.5%) 1.32 2,089
    Hilton Head Island's median listing price for 2025-05-01 was $580,000, a difference of $3,000 (0.5%) versus the prior year and $800 versus the prior month.

    Hilton Head Island's median listing price comes in at 132% of the national average.

    Hilton Head Island's average listing price for 2025-05-01 was $949,411, a difference of $-65,992 (-6.5%) versus the prior year and $6,888 versus the prior month.

    For the 2025-05-01 period, Hilton Head Island had 2,089 MLS listings, a difference of 63 listings (3%) versus the prior month and 537 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hilton Head Island (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 103 days 2,151 sqft
    2018-02-01 102 days 2,174 sqft
    2018-03-01 78 days 2,161 sqft
    2018-04-01 68 days 2,146 sqft
    2018-05-01 74 days 2,142 sqft
    2018-06-01 78 days 2,126 sqft
    2018-07-01 85 days 2,116 sqft
    2018-08-01 89 days 2,155 sqft
    2018-09-01 94 days 2,125 sqft
    2018-10-01 92 days 2,168 sqft
    2018-11-01 88 days 2,155 sqft
    2018-12-01 93 days 2,161 sqft
    2019-01-01 101 days 2,141 sqft
    2019-02-01 103 days 2,139 sqft
    2019-03-01 95 days 2,150 sqft
    2019-04-01 85 days 2,167 sqft
    2019-05-01 91 days 2,188 sqft
    2019-06-01 94 days 2,212 sqft
    2019-07-01 103 days 2,175 sqft
    2019-08-01 106 days 2,176 sqft
    2019-09-01 112 days 2,175 sqft
    2019-10-01 107 days 2,185 sqft
    2019-11-01 98 days 2,200 sqft
    2019-12-01 97 days 2,187 sqft
    2020-01-01 102 days 2,161 sqft
    2020-02-01 104 days 2,174 sqft
    2020-03-01 83 days 2,201 sqft
    2020-04-01 81 days 2,160 sqft
    2020-05-01 89 days 2,131 sqft
    2020-06-01 98 days 2,144 sqft
    2020-07-01 94 days 2,189 sqft
    2020-08-01 71 days 2,186 sqft
    2020-09-01 67 days 2,142 sqft
    2020-10-01 65 days 2,135 sqft
    2020-11-01 66 days 2,122 sqft
    2020-12-01 74 days 2,135 sqft
    2021-01-01 79 days 2,118 sqft
    2021-02-01 67 days 2,038 sqft
    2021-03-01 52 days 2,092 sqft
    2021-04-01 44 days 2,067 sqft
    2021-05-01 43 days 2,032 sqft
    2021-06-01 38 days 1,960 sqft
    2021-07-01 46 days 1,985 sqft
    2021-08-01 50 days 2,026 sqft
    2021-09-01 49 days 1,973 sqft
    2021-10-01 57 days 2,026 sqft
    2021-11-01 59 days 1,966 sqft
    2021-12-01 64 days 1,983 sqft
    2022-01-01 74 days 1,989 sqft
    2022-02-01 46 days 2,020 sqft
    2022-03-01 33 days 2,083 sqft
    2022-04-01 31 days 2,094 sqft
    2022-05-01 32 days 2,169 sqft
    2022-06-01 33 days 2,121 sqft
    2022-07-01 41 days 2,064 sqft
    2022-08-01 50 days 2,093 sqft
    2022-09-01 56 days 2,096 sqft
    2022-10-01 60 days 2,145 sqft
    2022-11-01 58 days 2,120 sqft
    2022-12-01 65 days 2,115 sqft
    2023-01-01 75 days 2,118 sqft
    2023-02-01 72 days 2,162 sqft
    2023-03-01 56 days 2,227 sqft
    2023-04-01 52 days 2,186 sqft
    2023-05-01 50 days 2,134 sqft
    2023-06-01 52 days 2,091 sqft
    2023-07-01 52 days 2,031 sqft
    2023-08-01 53 days 1,986 sqft
    2023-09-01 56 days 1,972 sqft
    2023-10-01 53 days 1,991 sqft
    2023-11-01 56 days 1,980 sqft
    2023-12-01 66 days 1,979 sqft
    2024-01-01 79 days 2,000 sqft
    2024-02-01 70 days 1,964 sqft
    2024-03-01 51 days 1,992 sqft
    2024-04-01 51 days 1,986 sqft
    2024-05-01 52 days 1,950 sqft
    2024-06-01 61 days 1,949 sqft
    2024-07-01 71 days 1,941 sqft
    2024-08-01 73 days 1,906 sqft
    2024-09-01 72 days 1,921 sqft
    2024-10-01 71 days 1,928 sqft
    2024-11-01 70 days 1,918 sqft
    2024-12-01 79 days 1,931 sqft
    2025-01-01 86 days 1,953 sqft
    2025-02-01 83 days 1,857 sqft
    2025-03-01 61 days 1,904 sqft
    2025-04-01 58 days 1,945 sqft
    2025-05-01 64 days 1,938 sqft
    Hilton Head Island's median listing age (time on market) for 2025-05-01 was 64 days. This is 23% longer than the same period one year ago.

    Hilton Head Island's median square footage for active listings during the 2025-05-01 period was 1,938 sqft. One year prior, the average listing was 1,950 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.