Louisville VA Loan Rates, Closing Costs & Stats

LOUISVILLE, KY

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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.

    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 6.55% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.48% and one month ago for the week of 2025-01-10, the average rate was 6.72%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.79%.

    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 $233,400 (22.4%) $307,022 (12.2%) 0.89 3,376
    2018-02-01 $239,950 (18.5%) $316,217 (9.0%) 0.91 3,169
    2018-03-01 $254,900 (16.9%) $324,697 (8.0%) 0.91 3,138
    2018-04-01 $256,500 (11.6%) $324,914 (4.8%) 0.89 3,237
    2018-05-01 $265,407 (10.6%) $337,455 (4.8%) 0.90 3,431
    2018-06-01 $265,900 (10.8%) $340,049 (6.0%) 0.91 3,693
    2018-07-01 $266,450 (11.1%) $339,427 (6.7%) 0.90 3,801
    2018-08-01 $264,900 (10.0%) $340,743 (6.3%) 0.90 3,922
    2018-09-01 $264,700 (10.8%) $339,752 (7.4%) 0.91 4,102
    2018-10-01 $257,750 (11.7%) $332,874 (7.6%) 0.88 4,285
    2018-11-01 $250,700 (9.1%) $332,908 (8.7%) 0.87 4,256
    2018-12-01 $249,000 (9.9%) $320,449 (6.3%) 0.86 4,025
    2019-01-01 $248,450 (6.5%) $316,718 (3.2%) 0.86 3,716
    2019-02-01 $257,950 (7.5%) $328,345 (3.8%) 0.89 3,384
    2019-03-01 $269,814 (5.9%) $342,160 (5.4%) 0.91 3,293
    2019-04-01 $279,675 (9.0%) $357,206 (9.9%) 0.91 3,467
    2019-05-01 $283,950 (7.0%) $366,312 (8.6%) 0.91 3,642
    2019-06-01 $279,900 (5.3%) $363,976 (7.0%) 0.90 3,797
    2019-07-01 $271,400 (1.9%) $352,088 (3.7%) 0.87 4,031
    2019-08-01 $264,182 (-0.3%) $343,903 (0.9%) 0.86 4,147
    2019-09-01 $256,205 (-3.2%) $333,938 (-1.7%) 0.85 4,178
    2019-10-01 $249,950 (-3.0%) $324,372 (-2.6%) 0.82 4,211
    2019-11-01 $242,000 (-3.5%) $317,280 (-4.7%) 0.81 4,064
    2019-12-01 $236,400 (-5.1%) $312,284 (-2.6%) 0.80 3,638
    2020-01-01 $238,570 (-4.0%) $314,411 (-0.7%) 0.81 3,318
    2020-02-01 $249,975 (-3.1%) $325,617 (-0.8%) 0.84 2,995
    2020-03-01 $267,200 (-1.0%) $343,166 (0.3%) 0.86 2,828
    2020-04-01 $270,000 (-3.5%) $347,688 (-2.7%) 0.87 2,860
    2020-05-01 $289,900 (2.1%) $364,163 (-0.6%) 0.90 2,636
    2020-06-01 $289,900 (3.6%) $375,248 (3.1%) 0.86 2,326
    2020-07-01 $289,900 (6.8%) $380,615 (8.1%) 0.85 2,156
    2020-08-01 $285,000 (7.9%) $373,825 (8.7%) 0.83 2,064
    2020-09-01 $271,925 (6.1%) $366,363 (9.7%) 0.78 2,132
    2020-10-01 $260,000 (4.0%) $365,018 (12.5%) 0.75 2,110
    2020-11-01 $249,900 (3.3%) $357,092 (12.6%) 0.73 2,128
    2020-12-01 $246,750 (4.4%) $348,011 (11.4%) 0.73 2,001
    2021-01-01 $249,900 (4.8%) $350,921 (11.6%) 0.75 1,683
    2021-02-01 $261,325 (4.5%) $365,865 (12.4%) 0.76 1,318
    2021-03-01 $267,900 (0.3%) $374,544 (9.1%) 0.76 1,281
    2021-04-01 $274,900 (1.8%) $384,375 (10.6%) 0.74 1,326
    2021-05-01 $279,900 (-3.5%) $389,089 (6.8%) 0.74 1,298
    2021-06-01 $282,500 (-2.6%) $392,930 (4.7%) 0.74 1,484
    2021-07-01 $275,000 (-5.1%) $374,962 (-1.5%) 0.73 1,763
    2021-08-01 $269,938 (-5.3%) $369,085 (-1.3%) 0.72 1,971
    2021-09-01 $259,900 (-4.4%) $359,538 (-1.9%) 0.69 2,025
    2021-10-01 $259,900 (0.0%) $353,845 (-3.1%) 0.69 2,076
    2021-11-01 $250,000 (0.0%) $348,515 (-2.4%) 0.67 2,014
    2021-12-01 $259,900 (5.3%) $353,279 (1.5%) 0.69 1,754
    2022-01-01 $265,000 (6.0%) $353,914 (0.9%) 0.70 1,502
    2022-02-01 $282,400 (8.1%) $370,359 (1.2%) 0.73 1,223
    2022-03-01 $292,450 (9.2%) $380,290 (1.5%) 0.73 1,219
    2022-04-01 $295,000 (7.3%) $383,436 (-0.2%) 0.70 1,259
    2022-05-01 $299,425 (7.0%) $382,568 (-1.7%) 0.68 1,590
    2022-06-01 $299,900 (6.2%) $385,327 (-1.9%) 0.67 1,846
    2022-07-01 $299,900 (9.1%) $374,304 (-0.2%) 0.68 2,178
    2022-08-01 $299,900 (11.1%) $370,691 (0.4%) 0.69 2,333
    2022-09-01 $299,925 (15.4%) $369,434 (2.8%) 0.70 2,332
    2022-10-01 $299,900 (15.4%) $363,106 (2.6%) 0.71 2,494
    2022-11-01 $290,000 (16.0%) $353,559 (1.5%) 0.70 2,606
    2022-12-01 $295,000 (13.5%) $355,294 (0.6%) 0.73 2,384
    2023-01-01 $298,500 (12.6%) $359,632 (1.6%) 0.74 2,101
    2023-02-01 $299,900 (6.2%) $370,814 (0.1%) 0.72 1,828
    2023-03-01 $299,913 (2.6%) $372,679 (-2.0%) 0.73 1,718
    2023-04-01 $319,000 (8.1%) $390,333 (1.8%) 0.74 1,614
    2023-05-01 $319,950 (6.9%) $399,043 (4.3%) 0.73 1,661
    2023-06-01 $319,950 (6.7%) $398,808 (3.5%) 0.73 1,796
    2023-07-01 $319,900 (6.7%) $392,661 (4.9%) 0.74 1,892
    2023-08-01 $322,400 (7.5%) $389,719 (5.1%) 0.74 2,000
    2023-09-01 $315,250 (5.1%) $387,650 (4.9%) 0.74 2,166
    2023-10-01 $307,475 (2.5%) $376,712 (3.8%) 0.72 2,460
    2023-11-01 $299,995 (3.5%) $372,479 (5.4%) 0.71 2,598
    2023-12-01 $299,900 (1.7%) $371,069 (4.4%) 0.73 2,483
    2024-01-01 $308,950 (3.5%) $378,077 (5.1%) 0.75 2,242
    2024-02-01 $310,975 (3.7%) $379,795 (2.4%) 0.75 2,049
    2024-03-01 $315,000 (5.0%) $391,456 (5.0%) 0.74 1,954
    2024-04-01 $326,950 (2.5%) $406,064 (4.0%) 0.76 2,005
    2024-05-01 $329,000 (2.8%) $416,655 (4.4%) 0.77 2,196
    2024-06-01 $329,900 (3.1%) $415,853 (4.3%) 0.77 2,305
    2024-07-01 $326,998 (2.2%) $416,795 (6.2%) 0.75 2,540
    2024-08-01 $319,900 (-0.8%) $413,336 (6.1%) 0.75 2,654
    2024-09-01 $319,700 (1.4%) $408,201 (5.3%) 0.75 2,825
    2024-10-01 $317,450 (3.2%) $407,054 (8.1%) 0.75 2,918
    2024-11-01 $309,900 (3.3%) $396,223 (6.4%) 0.74 3,023
    2024-12-01 $305,600 (1.9%) $387,486 (4.4%) 0.76 2,821
    2025-01-01 $305,950 (-1.0%) $388,051 (2.6%) 0.00 2,598
    Louisville's median listing price for 2025-01-01 was $305,950, a difference of $-3,000 (-1.0%) versus the prior year and $350 versus the prior month.

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

    Louisville's average listing price for 2025-01-01 was $388,051, a difference of $9,974 (2.6%) versus the prior year and $565 versus the prior month.

    For the 2025-01-01 period, Louisville had 2,598 MLS listings, a difference of -223 listings (-8%) versus the prior month and 356 listings (16%) 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 1,972 sqft
    2018-02-01 64 days 1,986 sqft
    2018-03-01 45 days 2,038 sqft
    2018-04-01 43 days 2,076 sqft
    2018-05-01 39 days 2,108 sqft
    2018-06-01 39 days 2,150 sqft
    2018-07-01 43 days 2,124 sqft
    2018-08-01 43 days 2,127 sqft
    2018-09-01 45 days 2,114 sqft
    2018-10-01 48 days 2,082 sqft
    2018-11-01 52 days 2,063 sqft
    2018-12-01 60 days 2,023 sqft
    2019-01-01 67 days 2,008 sqft
    2019-02-01 63 days 2,047 sqft
    2019-03-01 52 days 2,096 sqft
    2019-04-01 44 days 2,150 sqft
    2019-05-01 43 days 2,209 sqft
    2019-06-01 44 days 2,185 sqft
    2019-07-01 44 days 2,126 sqft
    2019-08-01 44 days 2,079 sqft
    2019-09-01 45 days 2,029 sqft
    2019-10-01 46 days 1,983 sqft
    2019-11-01 51 days 1,940 sqft
    2019-12-01 63 days 1,854 sqft
    2020-01-01 69 days 1,865 sqft
    2020-02-01 59 days 1,900 sqft
    2020-03-01 47 days 1,955 sqft
    2020-04-01 49 days 1,965 sqft
    2020-05-01 52 days 2,000 sqft
    2020-06-01 41 days 2,000 sqft
    2020-07-01 38 days 1,985 sqft
    2020-08-01 35 days 1,973 sqft
    2020-09-01 32 days 1,895 sqft
    2020-10-01 31 days 1,884 sqft
    2020-11-01 34 days 1,809 sqft
    2020-12-01 39 days 1,753 sqft
    2021-01-01 46 days 1,743 sqft
    2021-02-01 37 days 1,755 sqft
    2021-03-01 27 days 1,787 sqft
    2021-04-01 23 days 1,761 sqft
    2021-05-01 22 days 1,783 sqft
    2021-06-01 19 days 1,824 sqft
    2021-07-01 22 days 1,803 sqft
    2021-08-01 24 days 1,803 sqft
    2021-09-01 29 days 1,787 sqft
    2021-10-01 30 days 1,762 sqft
    2021-11-01 32 days 1,706 sqft
    2021-12-01 41 days 1,685 sqft
    2022-01-01 45 days 1,652 sqft
    2022-02-01 34 days 1,692 sqft
    2022-03-01 23 days 1,698 sqft
    2022-04-01 21 days 1,722 sqft
    2022-05-01 20 days 1,781 sqft
    2022-06-01 22 days 1,820 sqft
    2022-07-01 24 days 1,815 sqft
    2022-08-01 31 days 1,816 sqft
    2022-09-01 36 days 1,823 sqft
    2022-10-01 36 days 1,836 sqft
    2022-11-01 41 days 1,800 sqft
    2022-12-01 50 days 1,800 sqft
    2023-01-01 54 days 1,794 sqft
    2023-02-01 44 days 1,779 sqft
    2023-03-01 36 days 1,778 sqft
    2023-04-01 36 days 1,877 sqft
    2023-05-01 31 days 1,861 sqft
    2023-06-01 29 days 1,840 sqft
    2023-07-01 31 days 1,880 sqft
    2023-08-01 32 days 1,910 sqft
    2023-09-01 32 days 1,867 sqft
    2023-10-01 32 days 1,848 sqft
    2023-11-01 37 days 1,807 sqft
    2023-12-01 48 days 1,780 sqft
    2024-01-01 53 days 1,793 sqft
    2024-02-01 45 days 1,799 sqft
    2024-03-01 40 days 1,811 sqft
    2024-04-01 38 days 1,861 sqft
    2024-05-01 31 days 1,873 sqft
    2024-06-01 32 days 1,895 sqft
    2024-07-01 37 days 1,881 sqft
    2024-08-01 38 days 1,871 sqft
    2024-09-01 38 days 1,867 sqft
    2024-10-01 39 days 1,877 sqft
    2024-11-01 44 days 1,841 sqft
    2024-12-01 51 days 1,784 sqft
    2025-01-01 0 days 1,757 sqft
    Louisville'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.

    Louisville's median square footage for active listings during the 2025-01-01 period was 1,757 sqft. One year prior, the average listing was 1,793 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.