Jacksonville VA Loan Rates, Closing Costs & Stats

JACKSONVILLE, 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.

Jacksonville's 162 lenders originated 4,403 VA loans during 2022. The total origination value was $1,120,035,000, with an average VA loan value of $254,380.

Jacksonville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jacksonville averaged 6.12% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Jacksonville's average VA mortgage closing costs are $5,327.

The average rate for the prior week (2024-02-23) was 6.35% and one month ago for the week of 2024-01-26, the average rate was 5.88%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-03-01, the average rate was 4.68%.

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

Jacksonville 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 Jacksonville level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 607 5.10% $7,991
NAVY FEDERAL CREDIT UNION 451 4.13% $7,153
MOVEMENT MORTGAGE, LLC 369 4.84% $7,836
Alpha Mortgage Corporation 356 5.12% $7,859
FREEDOM MORTGAGE CORPORATION 342 4.55% $7,842
GUARANTEED RATE, INC. 270 4.67% $7,655
GUILD MORTGAGE COMPANY 180 4.74% $7,929
UNITED WHOLESALE MORTGAGE, LLC 138 4.62% $8,859
QUICKEN LOANS, LLC 109 4.24% $8,284
PENNYMAC LOAN SERVICES, LLC 101 3.52% $7,585
USAA Federal Savings Bank 87 4.50% $7,906
ANGEL OAK HOME LOANS LLC 82 4.89% $8,944
CALIBER HOME LOANS, INC. 79 4.59% $7,466
UNION HOME MORTGAGE CORP. 65 5.06% $8,624
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 60 5.02% $9,736
NEW DAY FINANCIAL, LLC 58 5.54% $9,776
DHI MORTGAGE COMPANY, LTD. 56 4.50% $9,934
LOANDEPOT.COM, LLC 41 4.06% $6,570
SeaTrust Mortgage Company 38 4.81% $8,891
HOME POINT FINANCIAL CORPORATION 34 4.98% $7,907
Mr. Cooper ( Nationstar Mortgage ) 32 4.71% $6,597
PLAZA HOME MORTGAGE, INC. 32 5.30% $7,763
NEWREZ LLC 31 5.38% $7,349
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 5.00% $7,690
American Security Mortgage Corp. 25 4.78% $7,778
INTERCOASTAL MORTGAGE COMPANY 22 5.01% $9,325
MORTGAGE SOLUTIONS OF COLORADO, LLC 22 6.05% $7,664
VILLAGE CAPITAL MORTGAGE 22 3.78% $8,354
The Federal Savings Bank 21 5.19% $12,486
JET HOMELOANS, LLC 20 5.54% $8,695
Carrington Mortgage Services, LLC 19 4.40% $6,844
CROSSCOUNTRY MORTGAGE, LLC 17 5.04% $8,733
AMERISAVE MORTGAGE CORPORATION 16 4.70% $8,870
Mid-Continent Funding, Inc. 16 4.94% $9,184
Wells Fargo Bank 14 4.06% $6,063
Barrington Bank & Trust Company, N.A. 14 5.01% $6,225
CLEARPATH LENDING 13 3.99% $8,975
LAKEVIEW LOAN SERVICING, LLC 13 3.72% $3,300
CMG MORTGAGE, INC. 12 5.14% $9,878
Sierra Pacific Mortgage Company, Inc. 12 4.83% $7,326
EQUITY RESOURCES, INC. 11 4.10% $7,320
PENTAGON FEDERAL CREDIT UNION 11 3.16% $8,186
PLANET HOME LENDING, LLC 11 4.66% $7,328
RESOURCE FINANCIAL SERVICES, INC. 10 4.93% $9,193
North American Savings Bank, F.S.B. 10 4.09% $6,830
BROKER SOLUTIONS, INC. 9 4.79% $8,844
Flagstar Bank, FSB 9 4.75% $9,027
SUN WEST MORTGAGE COMPANY, INC. 9 3.20% $3,360
North State Bank 8 4.13% $4,741
Equity Prime Mortgage LLC 8 5.47% $7,582
NBKC BANK 8 4.38% $8,185
U.S. Bank 7 4.43% $9,215
CORNERSTONE HOME LENDING, INC. 7 4.63% $7,471
CARDINAL FINANCIAL 7 4.38% $8,372
AMERICAN PACIFIC MORTGAGE CORPORATION 6 4.67% $10,375
Bank of England 6 5.10% $13,019
MCLEAN MORTGAGE CORPORATION 5 4.42% $7,370
Lakeview Community Capital, LLC 5 4.10% $4,953
First Federal Bank 4 4.22% $9,329
S1L, Inc. 4 4.78% $9,985
Nations Lending Corporation 4 5.88% $8,898
HOMESIDE FINANCIAL, LLC 4 4.03% $7,867
NFM, INC. 4 5.63% $5,219
Prosperity Home Mortgage, LLC 4 4.06% $9,085
Magnolia Bank 4 4.19% $9,379
CONTOUR MORTGAGE CORPORATION 4 4.91% $9,301
VERITAS FUNDING, LLC 4 5.00% $22,116
VANDERBILT MORTGAGE AND FINANCE, INC. 4 4.00% $3,831
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.34% $9,355
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.47% $7,995
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 4.88% $13,487
First Guaranty Mortgage Corporation 3 2.88% $2,294
Cornerstone First Mortgage, Inc 3 3.96% $9,640
PNC Bank 3 4.75% $8,399
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.25% $4,868
RELIANCE FIRST CAPITAL, LLC 3 5.21% $10,693
BNC National Bank 3 4.96% $12,749
Blue Ridge Bank 3 4.42% $3,634
DAS Acquisition Company, LLC 3 4.71% $9,083
Truist 3 4.58% $7,210
West Town Bank & Trust 3 4.33% $6,671
Low VA Rates, LLC 3 3.92% $10,661
FINANCE OF AMERICA MORTGAGE LLC 3 4.33% $12,110
Armed Forces Bank 3 4.46% $12,066
FIRST HOME MORTGAGE CORPORATION 3 5.21% $8,957
EVERETT FINANCIAL, INC. 2 6.13% $6,524
Hometown Lenders, Inc. 2 4.75% $14,712
CAPITAL CENTER, L.L.C. 2 2.75% $4,277
THE MORTGAGE FIRM, INC. 2 4.25% $15,250
Citizens Bank 2 4.38% $9,532
First-Citizens Bank & Trust Company 2 4.44% $4,114
MORTGAGEONE, INC. 2 5.94% $11,036
The Central Trust Bank 2 4.25% $10,214
Atlantic Coast Mortgage, LLC 2 4.75% $8,928
First Option Mortgage, LLC 2 5.00% $5,585
Strong Home Mortgage, LLC 2 3.38% $4,323
SOUTHERN TRUST MORTGAGE, LLC 2 3.50% $10,537
AMERICAN FINANCING CORPORATION 2 4.00% $6,216
ROSS MORTGAGE CORPORATION 2 6.56% $7,853
ON Q FINANCIAL, INC. 2 3.25% $4,415
Gateway First Bank 2 5.94% $12,149
GoPrime Mortgage, Inc. 2 5.94% $12,001
RESIDENTIAL BANCORP 2 4.37% $10,802
Renasant Bank 2 3.31% $7,395
Goldwater Bank, N.A. 2 4.25% $11,182
RADIUS FINANCIAL GROUP INC. 2 4.75% $14,252
Alcova Mortgage LLC 2 3.44% $13,545
LOANPAL, LLC 2 2.88% $11,895
Northpointe Bank 2 4.19% $4,305
Towne Bank 2 5.44% $8,246
Wyndham Capital Mortgage, Inc. 1 5.25% $7,981
CBM Mortgage, Inc. 1 4.38% $24,090
CHURCHILL MORTGAGE CORPORATION 1 3.50% $7,710
Citibank 1 3.00% $12,941
Community First National Bank 1 3.88% $17,666
Corporate Investors Mortgage Group, Inc. 1 3.13% $12,243
DRAPER AND KRAMER MORTGAGE CORP. 1 5.00% $2,767
EMM LOANS LLC 1 4.88% $9,299
FIRST MORTGAGE COMPANY, INC. 1 5.63% $9,828
First United Bank and Trust Company 1 4.88% $3,940
FLAT BRANCH MORTGAGE, INC. 1 6.13% $3,433
BOKF 1 4.88% $6,314
GENEVA FINANCIAL, LLC 1 5.63% $16,761
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.50% $15,996
BELEM SERVICING LLC 1 3.63% $3,683
HOMESPIRE MORTGAGE CORPORATION 1 5.25% $5,767
HOMESTAR FINANCIAL CORPORATION 1 2.88% $10,853
Integrity Home Mortgage Corp 1 6.25% $2,940
BAY CAPITAL MORTGAGE CORPORATION 1 3.25% $19,416
KELLER MORTGAGE, LLC 1 4.63% $9,154
MANN FINANCIAL INC. 1 4.88% $10,655
MID-ISLAND MORTGAGE CORP. 1 3.75% $8,304
MORTGAGE EQUITY PARTNERS LLC 1 4.63% $9,443
Mortgage Network, Inc. 1 3.63% $5,254
MY MORTGAGE, INC. 1 4.63% $10,210
NATIONS RELIABLE LENDING, LLC 1 3.75% $7,282
Ameris Bank 1 5.13% $8,415
Amerifirst Financial, Inc. 1 4.63% $5,807
NP, Inc. 1 2.75% $3,745
OAKTREE FUNDING CORP. 1 6.13% $21,821
OVM FINANCIAL, INC. 1 4.25% $3,881
Paramount Residential Mortgage Group, Inc. 1 3.25% $11,729
AMERIFIRST FINANCIAL CORPORATION 1 6.13% $5,267
POLARIS HOME FUNDING CORP. 1 5.25% $13,663
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $11,878
RAPID MORTGAGE COMPANY 1 3.50% $8,850
Regions Bank 1 4.50% $11,633
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 3.25% $9,287
Sabine State Bank and Trust Company 1 3.50% $9,593
South State Bank 1 4.75% $11,970
SOUTHWEST FUNDING, LP 1 5.13% $5,010
Acre Mortgage and Financial Inc 1 3.75% $7,368
THRIVE MORTGAGE, LLC 1 5.63% $29,025
TIDEWATER MORTGAGE SERVICES, INC. 1 6.50% $14,208
TJC Mortgage, Inc. 1 5.25% $8,744
TOTAL MORTGAGE SERVICES, LLC 1 3.75% $6,636
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $6,693
United Community Bank 1 3.25% $11,612
UNITED MORTGAGE CORP 1 5.75% $11,666
AMCAP MORTGAGE, LTD. 1 6.13% $11,564
US MORTGAGE CORPORATION 1 3.25% $2,890
Advisors Mortgage Group, L.L.C. 1 3.63% $15,250

The top Jacksonville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 607 VA loans originated. Their average total fees are $7,991, which is $838 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Jacksonville VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($3,300), Wells Fargo Bank ($6,063), Barrington Bank & Trust Company, N.A. ($6,225), LOANDEPOT.COM, LLC ($6,570) and Mr. Cooper ( Nationstar Mortgage ) ($6,597).

The lowest rate Jacksonville VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (3.16%), PENNYMAC LOAN SERVICES, LLC (3.52%), LAKEVIEW LOAN SERVICING, LLC (3.72%), VILLAGE CAPITAL MORTGAGE (3.78%) and CLEARPATH LENDING (3.99%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Jacksonville (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 $187,750 (16.8%) $229,259 (18.6%) 0.70 1,284
2018-02-01 $186,950 (12.1%) $223,099 (12.2%) 0.68 1,331
2018-03-01 $188,500 (11.2%) $227,323 (12.1%) 0.66 1,398
2018-04-01 $189,950 (11.5%) $232,836 (12.5%) 0.64 1,374
2018-05-01 $194,598 (14.1%) $235,631 (14.5%) 0.65 1,390
2018-06-01 $194,900 (11.7%) $237,359 (11.2%) 0.65 1,381
2018-07-01 $192,000 (8.5%) $238,375 (8.0%) 0.64 1,408
2018-08-01 $194,950 (8.3%) $239,325 (7.1%) 0.65 1,391
2018-09-01 $194,500 (6.3%) $238,018 (5.7%) 0.65 1,371
2018-10-01 $195,948 (6.4%) $241,153 (7.5%) 0.66 1,037
2018-11-01 $199,700 (7.2%) $244,258 (8.0%) 0.68 948
2018-12-01 $201,000 (7.5%) $246,339 (7.9%) 0.69 864
2019-01-01 $207,450 (10.5%) $253,825 (10.7%) 0.72 779
2019-02-01 $211,850 (13.3%) $262,038 (17.5%) 0.72 746
2019-03-01 $213,718 (13.4%) $267,971 (17.9%) 0.70 730
2019-04-01 $211,838 (11.5%) $261,383 (12.3%) 0.67 813
2019-05-01 $211,425 (8.7%) $267,543 (13.5%) 0.66 1,011
2019-06-01 $210,350 (7.9%) $260,916 (9.9%) 0.66 1,138
2019-07-01 $211,000 (9.9%) $262,122 (10.0%) 0.66 1,216
2019-08-01 $209,455 (7.4%) $258,966 (8.2%) 0.66 1,297
2019-09-01 $208,636 (7.3%) $257,078 (8.0%) 0.67 1,334
2019-10-01 $208,091 (6.2%) $255,819 (6.1%) 0.67 1,362
2019-11-01 $206,000 (3.2%) $254,844 (4.3%) 0.68 1,375
2019-12-01 $208,325 (3.6%) $258,173 (4.8%) 0.69 1,285
2020-01-01 $209,900 (1.2%) $257,762 (1.6%) 0.70 1,208
2020-02-01 $209,900 (-0.9%) $257,574 (-1.7%) 0.69 1,176
2020-03-01 $213,700 (0.0%) $263,445 (-1.7%) 0.67 1,161
2020-04-01 $215,400 (1.7%) $266,162 (1.8%) 0.67 1,114
2020-05-01 $219,900 (4.0%) $276,307 (3.3%) 0.67 941
2020-06-01 $221,450 (5.3%) $276,978 (6.2%) 0.65 815
2020-07-01 $220,938 (4.7%) $277,207 (5.8%) 0.64 749
2020-08-01 $221,250 (5.6%) $283,533 (9.5%) 0.63 649
2020-09-01 $227,400 (9.0%) $285,287 (11.0%) 0.65 580
2020-10-01 $226,225 (8.7%) $289,755 (13.3%) 0.65 557
2020-11-01 $227,125 (10.3%) $296,774 (16.5%) 0.66 522
2020-12-01 $226,375 (8.7%) $303,587 (17.6%) 0.67 429
2021-01-01 $230,950 (10.0%) $315,055 (22.2%) 0.69 369
2021-02-01 $222,925 (6.2%) $314,273 (22.0%) 0.65 302
2021-03-01 $223,250 (4.5%) $309,944 (17.7%) 0.63 301
2021-04-01 $223,450 (3.7%) $314,968 (18.3%) 0.60 286
2021-05-01 $225,000 (2.3%) $318,496 (15.3%) 0.60 305
2021-06-01 $229,450 (3.6%) $331,918 (19.8%) 0.60 325
2021-07-01 $230,000 (4.1%) $338,728 (22.2%) 0.61 335
2021-08-01 $229,975 (3.9%) $342,443 (20.8%) 0.61 342
2021-09-01 $237,500 (4.4%) $340,823 (19.5%) 0.63 327
2021-10-01 $231,000 (2.1%) $334,774 (15.5%) 0.62 350
2021-11-01 $256,220 (12.8%) $353,599 (19.2%) 0.68 353
2021-12-01 $264,225 (16.7%) $365,008 (20.2%) 0.72 349
2022-01-01 $274,250 (18.8%) $384,040 (21.9%) 0.74 270
2022-02-01 $266,500 (19.6%) $372,904 (18.7%) 0.69 227
2022-03-01 $261,475 (17.1%) $365,787 (18.0%) 0.65 234
2022-04-01 $277,500 (24.2%) $390,963 (24.1%) 0.66 260
2022-05-01 $299,945 (33.3%) $406,391 (27.6%) 0.69 336
2022-06-01 $302,450 (31.8%) $415,825 (25.3%) 0.67 380
2022-07-01 $315,000 (37.0%) $426,071 (25.8%) 0.71 468
2022-08-01 $329,700 (43.4%) $428,164 (25.0%) 0.76 501
2022-09-01 $322,000 (35.6%) $413,648 (21.4%) 0.75 501
2022-10-01 $325,000 (40.7%) $407,079 (21.6%) 0.76 553
2022-11-01 $329,444 (28.6%) $408,192 (15.4%) 0.79 619
2022-12-01 $329,900 (24.9%) $411,309 (12.7%) 0.81 602
2023-01-01 $330,000 (20.3%) $407,682 (6.2%) 0.82 588
2023-02-01 $330,450 (24.0%) $399,586 (7.2%) 0.80 557
2023-03-01 $335,900 (28.5%) $413,235 (13.0%) 0.79 512
2023-04-01 $344,900 (24.3%) $417,804 (6.9%) 0.80 495
2023-05-01 $349,225 (16.4%) $432,551 (6.4%) 0.79 550
2023-06-01 $347,450 (14.9%) $437,925 (5.3%) 0.78 550
2023-07-01 $340,000 (7.9%) $423,838 (-0.5%) 0.77 575
2023-08-01 $335,925 (1.9%) $419,209 (-2.1%) 0.77 591
2023-09-01 $329,000 (2.2%) $415,073 (0.3%) 0.77 672
2023-10-01 $324,975 (0.0%) $395,942 (-2.7%) 0.76 736
2023-11-01 $325,000 (-1.4%) $397,533 (-2.6%) 0.77 812
2023-12-01 $325,000 (-1.5%) $403,993 (-1.8%) 0.79 836
2024-01-01 $324,450 (-1.7%) $400,477 (-1.8%) 0.79 781
Jacksonville's median listing price for 2024-01-01 was $324,450, a difference of $-5,550 (-1.7%) versus the prior year and $-550 versus the prior month.

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

Jacksonville's average listing price for 2024-01-01 was $400,477, a difference of $-7,205 (-1.8%) versus the prior year and $-3,516 versus the prior month.

For the 2024-01-01 period, Jacksonville had 781 MLS listings, a difference of -55 listings (-7%) versus the prior month and 193 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Jacksonville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 97 days 1,754 sqft
2018-02-01 86 days 1,748 sqft
2018-03-01 63 days 1,753 sqft
2018-04-01 63 days 1,756 sqft
2018-05-01 62 days 1,760 sqft
2018-06-01 65 days 1,760 sqft
2018-07-01 66 days 1,764 sqft
2018-08-01 68 days 1,786 sqft
2018-09-01 81 days 1,779 sqft
2018-10-01 101 days 1,781 sqft
2018-11-01 102 days 1,784 sqft
2018-12-01 108 days 1,782 sqft
2019-01-01 90 days 1,814 sqft
2019-02-01 74 days 1,862 sqft
2019-03-01 52 days 1,883 sqft
2019-04-01 37 days 1,871 sqft
2019-05-01 37 days 1,844 sqft
2019-06-01 50 days 1,821 sqft
2019-07-01 55 days 1,811 sqft
2019-08-01 59 days 1,792 sqft
2019-09-01 66 days 1,777 sqft
2019-10-01 74 days 1,761 sqft
2019-11-01 73 days 1,760 sqft
2019-12-01 83 days 1,770 sqft
2020-01-01 94 days 1,760 sqft
2020-02-01 89 days 1,731 sqft
2020-03-01 68 days 1,710 sqft
2020-04-01 70 days 1,736 sqft
2020-05-01 75 days 1,777 sqft
2020-06-01 69 days 1,800 sqft
2020-07-01 57 days 1,804 sqft
2020-08-01 57 days 1,794 sqft
2020-09-01 64 days 1,790 sqft
2020-10-01 59 days 1,800 sqft
2020-11-01 68 days 1,789 sqft
2020-12-01 68 days 1,763 sqft
2021-01-01 60 days 1,813 sqft
2021-02-01 49 days 1,723 sqft
2021-03-01 40 days 1,690 sqft
2021-04-01 40 days 1,712 sqft
2021-05-01 38 days 1,674 sqft
2021-06-01 41 days 1,670 sqft
2021-07-01 40 days 1,647 sqft
2021-08-01 41 days 1,622 sqft
2021-09-01 40 days 1,653 sqft
2021-10-01 39 days 1,600 sqft
2021-11-01 38 days 1,710 sqft
2021-12-01 53 days 1,729 sqft
2022-01-01 61 days 1,728 sqft
2022-02-01 42 days 1,679 sqft
2022-03-01 34 days 1,591 sqft
2022-04-01 34 days 1,657 sqft
2022-05-01 32 days 1,736 sqft
2022-06-01 36 days 1,731 sqft
2022-07-01 38 days 1,860 sqft
2022-08-01 43 days 1,865 sqft
2022-09-01 49 days 1,827 sqft
2022-10-01 49 days 1,865 sqft
2022-11-01 48 days 1,895 sqft
2022-12-01 59 days 1,904 sqft
2023-01-01 71 days 1,910 sqft
2023-02-01 51 days 1,901 sqft
2023-03-01 45 days 1,900 sqft
2023-04-01 45 days 1,941 sqft
2023-05-01 38 days 1,964 sqft
2023-06-01 42 days 1,925 sqft
2023-07-01 44 days 1,884 sqft
2023-08-01 44 days 1,834 sqft
2023-09-01 47 days 1,825 sqft
2023-10-01 47 days 1,800 sqft
2023-11-01 49 days 1,788 sqft
2023-12-01 62 days 1,800 sqft
2024-01-01 73 days 1,801 sqft
Jacksonville's median listing age (time on market) for 2024-01-01 was 73 days. This is 2% longer than the same period one year ago.

Jacksonville's median square footage for active listings during the 2024-01-01 period was 1,801 sqft. One year prior, the average listing was 1,910 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.