Louisville VA Loan Rates, Closing Costs & Stats

LOUISVILLE, KY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Louisville's 124 lenders originated 1,371 VA loans during 2023. The total origination value was $416,735,000, with an average VA loan value of $303,964.

    Louisville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Louisville averaged 6.1% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Louisville's average VA mortgage closing costs are $5,459.

    The average rate for the prior week (2024-12-06) was 6.43% and one month ago for the week of 2024-11-08, the average rate was 6.63%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.74%.

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

    Louisville 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 Louisville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 227 6.71% $6,790
    UNITED WHOLESALE MORTGAGE, LLC 124 6.44% $7,824
    QUICKEN LOANS, LLC 120 6.32% $10,757
    FREEDOM MORTGAGE CORPORATION 56 6.68% $11,364
    NAVY FEDERAL CREDIT UNION 52 5.73% $5,818
    Northpointe Bank 47 6.29% $9,586
    VICTORY MORTGAGE, L.L.C. 40 5.67% $8,645
    STOCKTON MORTGAGE CORPORATION 38 6.48% $8,050
    RUOFF MORTGAGE COMPANY, INC. 34 6.82% $5,463
    PENNYMAC LOAN SERVICES, LLC 33 5.45% $8,165
    USAA Federal Savings Bank 30 6.12% $9,121
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 6.76% $8,375
    NEW DAY FINANCIAL, LLC 27 7.65% $12,733
    The Federal Savings Bank 17 6.32% $15,685
    Century Mortgage Company DBA Century Lending Company 17 6.42% $6,827
    Paramount Residential Mortgage Group, Inc. 16 6.80% $9,141
    INTERLINC MORTGAGE SERVICES, LLC 16 6.94% $7,473
    Magnolia Bank 15 6.60% $10,615
    PULTE MORTGAGE LLC 14 5.79% $6,541
    LOANDEPOT.COM, LLC 13 6.49% $11,995
    CROSSCOUNTRY MORTGAGE, LLC 12 6.66% $5,866
    First Savings Bank 12 6.24% $13,818
    Equity Prime Mortgage LLC 11 6.88% $5,252
    HOMESIDE FINANCIAL, LLC 11 6.65% $8,322
    PENTAGON FEDERAL CREDIT UNION 10 5.74% $7,388
    Plains Commerce Bank 10 6.50% $6,144
    DHI MORTGAGE COMPANY, LTD. 10 5.61% $6,672
    PNC Bank 9 6.89% $4,222
    MORTGAGE SOLUTIONS OF COLORADO, LLC 9 7.83% $3,244
    Prosperity Home Mortgage, LLC 9 6.71% $7,995
    CMG MORTGAGE, INC. 9 6.68% $10,397
    VILLAGE CAPITAL MORTGAGE 8 6.28% $11,358
    THRIVE MORTGAGE, LLC 8 6.39% $8,796
    Stock Yards Bank & Trust Company 8 6.41% $6,209
    Fifth Third Bank 7 6.43% $4,795
    PLANET HOME LENDING, LLC 7 5.84% $8,201
    NEWREZ LLC 7 6.70% $11,290
    Flagstar Bank, FSB 6 6.85% $2,836
    BROKER SOLUTIONS, INC. 6 6.50% $10,293
    JPMorgan Chase Bank 6 6.79% $3,152
    Mr. Cooper ( Nationstar Mortgage ) 6 5.79% $13,536
    FAIR WAY LENDING LLC 5 7.13% $5,597
    Barrington Bank & Trust Company, N.A. 5 6.35% $10,054
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.95% $6,067
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.73% $11,993
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.55% $4,785
    INSPIRE HOME LOANS INC. 4 6.06% $8,144
    AMERISAVE MORTGAGE CORPORATION 4 6.13% $13,342
    ENDEAVOR CAPITAL, LLC. 4 6.28% $10,141
    Sierra Pacific Mortgage Company, Inc. 4 6.66% $8,315
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.50% $7,043
    GUILD MORTGAGE COMPANY 4 6.59% $10,066
    FBC MORTGAGE, LLC 4 6.13% $5,943
    BNC National Bank 4 5.56% $9,309
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.25% $12,147
    NBKC BANK 4 5.50% $13,750
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.13% $5,334
    LEADERONE FINANCIAL CORPORATION 3 6.96% $3,666
    UNION HOME MORTGAGE CORP. 3 6.83% $7,437
    THE MORTGAGE WAREHOUSE,LLC 3 6.71% $4,913
    T2 FINANCIAL LLC 3 6.58% $11,540
    RELIANCE FIRST CAPITAL, LLC 3 6.71% $6,474
    EMM LOANS LLC 3 6.67% $14,189
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.25% $9,135
    ENVOY MORTGAGE, LTD 3 6.96% $8,484
    EVERETT FINANCIAL, INC. 3 6.79% $6,551
    PLAZA HOME MORTGAGE, INC. 3 6.13% $6,612
    Citizens Bank 3 6.63% $4,489
    AmeriHome Mortgage Company, LLC 3 6.29% $6,027
    CARDINAL FINANCIAL 3 6.58% $8,724
    EVANSVILLE TEACHERS 2 6.25% $8,132
    AMERICAN FINANCIAL NETWORK, INC. 2 7.44% $12,479
    Armed Forces Bank 2 5.69% $9,498
    BAY EQUITY LLC 2 6.75% $2,760
    Community First National Bank 2 6.25% $12,501
    FIRST COMMUNITY MORTGAGE, INC. 2 6.88% $7,646
    GUARANTEED RATE, INC. 2 6.81% $1,794
    GUARANTY HOME MORTGAGE CORPORATION 2 6.38% $8,269
    Meridian Bank Corporation 2 6.94% $4,414
    North American Savings Bank, F.S.B. 2 4.69% $15,796
    NORWICH COMMERCIAL GROUP, INC. 2 7.00% $6,082
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.25% $2,791
    Republic Bank & Trust Company 2 6.44% $7,633
    Republic State Mortgage Co. 2 7.44% $10,792
    The Central Trust Bank 2 5.69% $4,009
    U.S. Bank 2 6.50% $14,385
    WesBanco 2 6.00% $3,702
    MOVEMENT MORTGAGE, LLC 1 6.25% $9,340
    MORTGAGE ACCESS CORP. 1 5.75% $3,473
    PREMIA MORTGAGE, LLC 1 5.25% $10,137
    MICHIGAN MUTUAL, INC. 1 6.25% $2,516
    Wells Fargo Bank 1 5.63% $12,152
    LENOX FINANCIAL MORTGAGE CORPORATION 1 6.38% $8,208
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $26,547
    KeyBank 1 6.50% $4,379
    Regions Bank 1 6.75% $8,239
    GUARANTEED RATE AFFINITY, LLC 1 5.75% $3,469
    CALIBER HOME LOANS, INC. 1 5.75% $6,826
    Ameris Bank 1 5.63% $12,774
    ROSS MORTGAGE CORPORATION 1 6.50% $7,699
    ROYAL UNITED MORTGAGE LLC 1 6.75% $8,600
    Goldwater Bank, N.A. 1 7.25% $12,311
    SeaTrust Mortgage Company 1 6.75% $6,525
    GENEVA FINANCIAL, LLC 1 7.50% $6,364
    SOUTH CENTRAL BANK, INC. 1 6.00% $27,455
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.13% $32,024
    Gateway First Bank 1 5.63% $2,017
    Forcht Bank 1 7.25% $6,720
    First International Bank & Trust 1 7.13% $2,775
    First Harrison Bank 1 7.00% $6,581
    Alcova Mortgage LLC 1 6.88% $5,734
    First Financial Bank 1 6.63% $6,976
    Academy Bank 1 4.75% $17,696
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $5,153
    TOWNE MORTGAGE COMPANY 1 5.99% $7,468
    Credence Funding Corporation 1 6.25% $1,808
    Citibank 1 6.25% $9,562
    Carrington Mortgage Services, LLC 1 6.88% $937
    Old National Bank 1 6.00% $4,191
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $25,912
    Nations Lending Corporation 1 7.25% $6,128
    PHH Mortgage Corporation 1 6.63% $4,160
    MYCUMORTGAGE, LLC 1 7.63% $3,673
    M&T Bank 1 6.25% $3,588

    The top Louisville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 227 VA loans originated. Their average total fees are $6,790, which is $1,035 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Louisville VA lenders (with over 10 loans originated) are Equity Prime Mortgage LLC ($5,252), RUOFF MORTGAGE COMPANY, INC. ($5,463), NAVY FEDERAL CREDIT UNION ($5,818), CROSSCOUNTRY MORTGAGE, LLC ($5,866) and Plains Commerce Bank ($6,144).

    The lowest rate Louisville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.45%), DHI MORTGAGE COMPANY, LTD. (5.61%), VICTORY MORTGAGE, L.L.C. (5.67%), NAVY FEDERAL CREDIT UNION (5.73%) and PENTAGON FEDERAL CREDIT UNION (5.74%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Louisville (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 $238,950 (24.2%) $313,727 (12.6%) 0.89 3,141
    2018-02-01 $249,450 (17.9%) $324,292 (9.2%) 0.91 2,937
    2018-03-01 $259,900 (17.7%) $330,832 (7.6%) 0.91 2,942
    2018-04-01 $262,000 (11.5%) $331,340 (4.7%) 0.89 3,033
    2018-05-01 $269,900 (8.8%) $343,740 (4.6%) 0.90 3,230
    2018-06-01 $271,536 (10.4%) $346,865 (6.3%) 0.91 3,444
    2018-07-01 $270,850 (12.9%) $346,139 (7.2%) 0.90 3,551
    2018-08-01 $269,900 (9.2%) $346,992 (6.1%) 0.90 3,668
    2018-09-01 $269,600 (12.4%) $346,139 (7.5%) 0.91 3,842
    2018-10-01 $261,050 (11.0%) $338,921 (7.6%) 0.88 4,025
    2018-11-01 $258,000 (10.5%) $339,934 (9.2%) 0.87 3,984
    2018-12-01 $249,995 (8.7%) $327,088 (6.5%) 0.86 3,760
    2019-01-01 $250,000 (4.6%) $323,752 (3.2%) 0.86 3,447
    2019-02-01 $262,675 (5.3%) $335,522 (3.5%) 0.89 3,129
    2019-03-01 $277,614 (6.8%) $349,902 (5.8%) 0.91 3,056
    2019-04-01 $286,950 (9.5%) $365,953 (10.5%) 0.91 3,237
    2019-05-01 $289,900 (7.4%) $374,994 (9.1%) 0.91 3,412
    2019-06-01 $286,950 (5.7%) $372,491 (7.4%) 0.90 3,553
    2019-07-01 $278,824 (2.9%) $359,435 (3.8%) 0.87 3,790
    2019-08-01 $271,185 (0.5%) $351,383 (1.3%) 0.86 3,893
    2019-09-01 $264,457 (-1.9%) $340,985 (-1.5%) 0.85 3,925
    2019-10-01 $254,612 (-2.5%) $330,626 (-2.5%) 0.82 3,955
    2019-11-01 $247,450 (-4.1%) $322,572 (-5.1%) 0.81 3,809
    2019-12-01 $239,950 (-4.0%) $317,962 (-2.8%) 0.80 3,398
    2020-01-01 $240,950 (-3.6%) $320,086 (-1.1%) 0.81 3,097
    2020-02-01 $256,500 (-2.4%) $331,162 (-1.3%) 0.84 2,809
    2020-03-01 $274,950 (-1.0%) $351,152 (0.4%) 0.86 2,644
    2020-04-01 $279,250 (-2.7%) $354,342 (-3.2%) 0.87 2,692
    2020-05-01 $295,000 (1.8%) $370,692 (-1.2%) 0.90 2,495
    2020-06-01 $291,450 (1.6%) $380,509 (2.2%) 0.86 2,212
    2020-07-01 $293,448 (5.2%) $384,554 (7.0%) 0.85 2,059
    2020-08-01 $288,500 (6.4%) $377,652 (7.5%) 0.83 1,968
    2020-09-01 $272,400 (3.0%) $369,410 (8.3%) 0.78 2,029
    2020-10-01 $260,000 (2.1%) $367,305 (11.1%) 0.75 2,012
    2020-11-01 $249,900 (1.0%) $360,722 (11.8%) 0.73 2,019
    2020-12-01 $246,450 (2.7%) $351,892 (10.7%) 0.73 1,893
    2021-01-01 $249,900 (3.7%) $355,456 (11.1%) 0.75 1,590
    2021-02-01 $261,900 (2.1%) $369,593 (11.6%) 0.76 1,256
    2021-03-01 $267,900 (-2.6%) $377,733 (7.6%) 0.76 1,221
    2021-04-01 $272,425 (-2.4%) $385,390 (8.8%) 0.74 1,269
    2021-05-01 $276,908 (-6.1%) $388,872 (4.9%) 0.74 1,250
    2021-06-01 $282,450 (-3.1%) $393,877 (3.5%) 0.74 1,408
    2021-07-01 $275,000 (-6.3%) $375,687 (-2.3%) 0.73 1,670
    2021-08-01 $269,900 (-6.5%) $370,666 (-1.9%) 0.72 1,851
    2021-09-01 $259,900 (-4.6%) $359,828 (-2.6%) 0.69 1,900
    2021-10-01 $259,450 (-0.2%) $353,977 (-3.6%) 0.69 1,948
    2021-11-01 $249,900 (0.0%) $348,861 (-3.3%) 0.67 1,884
    2021-12-01 $255,950 (3.9%) $354,101 (0.6%) 0.69 1,636
    2022-01-01 $260,152 (4.1%) $354,214 (-0.4%) 0.70 1,407
    2022-02-01 $280,537 (7.1%) $371,998 (0.7%) 0.73 1,137
    2022-03-01 $289,950 (8.2%) $380,930 (0.9%) 0.73 1,143
    2022-04-01 $293,460 (7.7%) $384,142 (-0.3%) 0.70 1,178
    2022-05-01 $297,804 (7.6%) $384,968 (-1.0%) 0.68 1,473
    2022-06-01 $299,900 (6.2%) $388,867 (-1.3%) 0.67 1,713
    2022-07-01 $299,999 (9.1%) $377,891 (0.6%) 0.68 2,008
    2022-08-01 $299,900 (11.1%) $373,345 (0.7%) 0.69 2,124
    2022-09-01 $299,950 (15.4%) $371,675 (3.3%) 0.70 2,115
    2022-10-01 $299,900 (15.6%) $365,777 (3.3%) 0.71 2,251
    2022-11-01 $290,000 (16.1%) $356,796 (2.3%) 0.70 2,360
    2022-12-01 $295,000 (15.3%) $358,402 (1.2%) 0.73 2,169
    2023-01-01 $299,000 (14.9%) $362,330 (2.3%) 0.74 1,917
    2023-02-01 $300,000 (6.9%) $375,196 (0.9%) 0.72 1,657
    2023-03-01 $307,975 (6.2%) $377,077 (-1.0%) 0.73 1,560
    2023-04-01 $320,000 (9.0%) $395,982 (3.1%) 0.74 1,471
    2023-05-01 $323,913 (8.8%) $403,574 (4.8%) 0.73 1,514
    2023-06-01 $324,950 (8.4%) $403,739 (3.8%) 0.73 1,642
    2023-07-01 $324,900 (8.3%) $397,959 (5.3%) 0.74 1,745
    2023-08-01 $322,500 (7.5%) $394,753 (5.7%) 0.74 1,837
    2023-09-01 $316,358 (5.5%) $392,937 (5.7%) 0.74 1,986
    2023-10-01 $305,450 (1.9%) $379,716 (3.8%) 0.72 2,275
    2023-11-01 $299,997 (3.5%) $375,585 (5.3%) 0.71 2,403
    2023-12-01 $299,900 (1.7%) $373,428 (4.2%) 0.73 2,271
    2024-01-01 $308,475 (3.2%) $379,817 (4.8%) 0.75 2,059
    2024-02-01 $312,389 (4.1%) $380,895 (1.5%) 0.75 1,861
    2024-03-01 $315,000 (2.3%) $394,375 (4.6%) 0.74 1,785
    2024-04-01 $327,450 (2.3%) $410,096 (3.6%) 0.76 1,837
    2024-05-01 $339,950 (5.0%) $427,530 (5.9%) 0.77 2,015
    2024-06-01 $342,318 (5.3%) $427,531 (5.9%) 0.77 2,113
    2024-07-01 $327,500 (0.8%) $421,936 (6.0%) 0.75 2,325
    2024-08-01 $324,195 (0.5%) $417,578 (5.8%) 0.75 2,441
    2024-09-01 $318,250 (0.6%) $410,253 (4.4%) 0.75 2,609
    2024-10-01 $317,400 (3.9%) $409,397 (7.8%) 0.75 2,702
    2024-11-01 $309,245 (3.1%) $398,846 (6.2%) 0.74 2,800
    Louisville's median listing price for 2024-11-01 was $309,245, a difference of $9,248 (3.1%) versus the prior year and $-8,155 versus the prior month.

    Louisville's median listing price comes in at 74% of the national average.

    Louisville's average listing price for 2024-11-01 was $398,846, a difference of $23,261 (6.2%) versus the prior year and $-10,551 versus the prior month.

    For the 2024-11-01 period, Louisville had 2,800 MLS listings, a difference of 98 listings (4%) versus the prior month and 397 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Louisville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 73 days 1,985 sqft
    2018-02-01 64 days 2,002 sqft
    2018-03-01 45 days 2,051 sqft
    2018-04-01 43 days 2,087 sqft
    2018-05-01 39 days 2,129 sqft
    2018-06-01 39 days 2,166 sqft
    2018-07-01 43 days 2,139 sqft
    2018-08-01 43 days 2,137 sqft
    2018-09-01 45 days 2,126 sqft
    2018-10-01 48 days 2,100 sqft
    2018-11-01 52 days 2,079 sqft
    2018-12-01 60 days 2,050 sqft
    2019-01-01 67 days 2,042 sqft
    2019-02-01 63 days 2,059 sqft
    2019-03-01 52 days 2,119 sqft
    2019-04-01 44 days 2,180 sqft
    2019-05-01 43 days 2,245 sqft
    2019-06-01 44 days 2,200 sqft
    2019-07-01 44 days 2,149 sqft
    2019-08-01 44 days 2,097 sqft
    2019-09-01 45 days 2,042 sqft
    2019-10-01 46 days 1,998 sqft
    2019-11-01 51 days 1,959 sqft
    2019-12-01 63 days 1,871 sqft
    2020-01-01 69 days 1,879 sqft
    2020-02-01 59 days 1,909 sqft
    2020-03-01 47 days 1,975 sqft
    2020-04-01 49 days 1,987 sqft
    2020-05-01 52 days 2,002 sqft
    2020-06-01 41 days 2,010 sqft
    2020-07-01 38 days 1,988 sqft
    2020-08-01 35 days 1,978 sqft
    2020-09-01 32 days 1,897 sqft
    2020-10-01 31 days 1,891 sqft
    2020-11-01 34 days 1,810 sqft
    2020-12-01 39 days 1,756 sqft
    2021-01-01 46 days 1,750 sqft
    2021-02-01 37 days 1,754 sqft
    2021-03-01 27 days 1,789 sqft
    2021-04-01 23 days 1,764 sqft
    2021-05-01 22 days 1,776 sqft
    2021-06-01 19 days 1,825 sqft
    2021-07-01 22 days 1,800 sqft
    2021-08-01 24 days 1,801 sqft
    2021-09-01 29 days 1,775 sqft
    2021-10-01 30 days 1,750 sqft
    2021-11-01 32 days 1,683 sqft
    2021-12-01 41 days 1,667 sqft
    2022-01-01 45 days 1,640 sqft
    2022-02-01 34 days 1,674 sqft
    2022-03-01 23 days 1,681 sqft
    2022-04-01 21 days 1,704 sqft
    2022-05-01 20 days 1,781 sqft
    2022-06-01 22 days 1,825 sqft
    2022-07-01 24 days 1,830 sqft
    2022-08-01 31 days 1,825 sqft
    2022-09-01 36 days 1,829 sqft
    2022-10-01 36 days 1,846 sqft
    2022-11-01 41 days 1,823 sqft
    2022-12-01 50 days 1,821 sqft
    2023-01-01 54 days 1,800 sqft
    2023-02-01 44 days 1,801 sqft
    2023-03-01 36 days 1,806 sqft
    2023-04-01 36 days 1,918 sqft
    2023-05-01 31 days 1,890 sqft
    2023-06-01 29 days 1,867 sqft
    2023-07-01 31 days 1,900 sqft
    2023-08-01 32 days 1,928 sqft
    2023-09-01 32 days 1,880 sqft
    2023-10-01 32 days 1,863 sqft
    2023-11-01 37 days 1,820 sqft
    2023-12-01 48 days 1,800 sqft
    2024-01-01 53 days 1,814 sqft
    2024-02-01 45 days 1,820 sqft
    2024-03-01 40 days 1,822 sqft
    2024-04-01 38 days 1,891 sqft
    2024-05-01 31 days 1,901 sqft
    2024-06-01 32 days 1,928 sqft
    2024-07-01 37 days 1,894 sqft
    2024-08-01 38 days 1,880 sqft
    2024-09-01 38 days 1,871 sqft
    2024-10-01 39 days 1,881 sqft
    2024-11-01 44 days 1,852 sqft
    Louisville's median listing age (time on market) for 2024-11-01 was 44 days. This is 19% longer than the same period one year ago.

    Louisville's median square footage for active listings during the 2024-11-01 period was 1,852 sqft. One year prior, the average listing was 1,820 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.