Memphis VA Loan Rates, Closing Costs & Stats

MEMPHIS, TN-MS-AR

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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.

    Memphis's 130 lenders originated 1,786 VA loans during 2023. The total origination value was $595,690,000, with an average VA loan value of $333,533.

    Memphis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Memphis averaged 6.45% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Memphis's average VA mortgage closing costs are $6,497.

    The average rate for the prior week (2025-02-07) was 6.49% and one month ago for the week of 2025-01-10, the average rate was 6.72%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.75%.

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

    Memphis 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 Memphis level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 311 6.78% $6,476
    QUICKEN LOANS, LLC 123 6.04% $12,288
    COMMUNITY MORTGAGE CORPORATION 117 6.15% $11,456
    NAVY FEDERAL CREDIT UNION 99 5.75% $6,782
    DHI MORTGAGE COMPANY, LTD. 64 5.30% $7,097
    UNITED WHOLESALE MORTGAGE, LLC 64 6.19% $9,980
    FREEDOM MORTGAGE CORPORATION 51 6.41% $15,375
    PENNYMAC LOAN SERVICES, LLC 50 5.43% $7,210
    GUARANTEED RATE, INC. 47 6.35% $6,171
    Patriot Bank 40 6.01% $8,743
    NEW DAY FINANCIAL, LLC 33 7.47% $14,304
    LOANDEPOT.COM, LLC 32 6.24% $11,945
    The Federal Savings Bank 29 6.26% $19,964
    USAA Federal Savings Bank 27 6.24% $7,897
    Trustmark National Bank 23 6.04% $7,838
    CARDINAL FINANCIAL 18 6.45% $12,417
    STOCKTON MORTGAGE CORPORATION 18 6.26% $14,231
    Eagle Bank and Trust Company 17 6.12% $9,743
    MORTGAGE INVESTORS GROUP, INC. 17 6.40% $8,704
    Evolve Bank & Trust 16 6.52% $5,869
    Regions Bank 16 6.08% $7,987
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 6.41% $9,137
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 6.84% $9,218
    Paramount Residential Mortgage Group, Inc. 15 6.47% $8,138
    Pinnacle Bank 15 6.07% $11,236
    Citizens Bank 13 6.39% $12,003
    VILLAGE CAPITAL MORTGAGE 13 6.19% $7,220
    Renasant Bank 13 6.49% $8,122
    Bank of England 13 6.34% $11,816
    Mr. Cooper ( Nationstar Mortgage ) 13 5.87% $17,407
    MORTGAGE SOLUTIONS OF COLORADO, LLC 13 7.57% $8,947
    CROSSCOUNTRY MORTGAGE, LLC 13 7.11% $6,388
    Nations Lending Corporation 12 6.70% $4,224
    BROKER SOLUTIONS, INC. 12 6.55% $10,634
    BARTLETT MORTGAGE, INC. 12 6.15% $7,465
    Wolfe Financial, Inc 11 6.56% $9,968
    Barrington Bank & Trust Company, N.A. 11 6.66% $8,491
    FirstTrust Home Loans, Inc. 10 6.78% $6,206
    Equity Prime Mortgage LLC 9 6.72% $7,864
    GUILD MORTGAGE COMPANY 8 6.48% $12,151
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 6.73% $10,169
    Flagstar Bank, FSB 8 6.35% $11,847
    UNION HOME MORTGAGE CORP. 7 5.91% $11,518
    Mid-Continent Funding, Inc. 7 6.11% $9,110
    PENTAGON FEDERAL CREDIT UNION 7 5.79% $5,689
    BancorpSouth 7 6.29% $11,004
    EVERETT FINANCIAL, INC. 7 6.91% $9,431
    MUTUAL OF OMAHA MORTGAGE, INC. 6 5.81% $14,231
    CMG MORTGAGE, INC. 6 6.44% $11,292
    First Horizon Bank 6 6.44% $7,066
    RELIANCE FIRST CAPITAL, LLC 6 6.40% $8,274
    Wells Fargo Bank 6 5.69% $7,416
    Independent Bank 6 7.06% $6,962
    Plains Commerce Bank 5 5.68% $11,994
    Magnolia Bank 5 6.25% $18,179
    AMERISAVE MORTGAGE CORPORATION 5 6.08% $15,536
    GMFS LLC 5 6.33% $7,968
    NEWREZ LLC 5 6.53% $19,071
    NBKC BANK 5 5.53% $5,901
    SUN WEST MORTGAGE COMPANY, INC. 4 6.01% $3,792
    MOVEMENT MORTGAGE, LLC 4 6.47% $15,089
    CRESCENT MORTGAGE COMPANY 4 5.31% $7,535
    CORNERSTONE HOME LENDING, INC. 3 6.24% $2,331
    GUARANTEED RATE AFFINITY, LLC 3 6.48% $11,546
    MILEND, INC. 3 6.71% $12,162
    CONTOUR MORTGAGE CORPORATION 3 6.67% $25,692
    PLANET HOME LENDING, LLC 3 6.29% $6,799
    SWBC MORTGAGE CORPORATION 3 6.04% $6,327
    Truist 3 6.40% $4,984
    FBC MORTGAGE, LLC 2 4.99% $6,388
    VERITAS FUNDING, LLC 2 6.25% $17,744
    Century Mortgage Company DBA Century Lending Company 2 5.44% $6,994
    HOMESIDE FINANCIAL, LLC 2 7.00% $7,823
    PANORAMA MORTGAGE GROUP, LLC 2 6.13% $5,387
    JPMorgan Chase Bank 2 6.94% $2,533
    Financial Federal Bank 2 5.69% $6,308
    MORTGAGE FINANCIAL SERVICES, LLC 2 6.63% $7,558
    SOVEREIGN LENDING GROUP INCORPORATED 2 6.63% $15,759
    Armed Forces Bank 2 5.50% $13,965
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $7,731
    Hometown Equity Mortgage, LLC 2 6.81% $5,118
    Franklin Loan Corporation 2 6.44% $12,810
    LOANPAL, LLC 2 6.56% $14,488
    FIRST COMMUNITY MORTGAGE, INC. 2 6.94% $9,126
    LAKEVIEW LOAN SERVICING, LLC 2 5.50% $14,536
    PINNACLE LENDING GROUP, INC. 1 7.88% $5,069
    GSF Mortgage Corporation 1 7.13% $11,461
    AMERICAN FINANCIAL NETWORK, INC. 1 6.88% $10,833
    Presidential Bank, FSB 1 6.75% $11,700
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.75% $6,259
    Prosperity Home Mortgage, LLC 1 6.88% $8,930
    Bank of America 1 7.50% $4,022
    Arvest Bank 1 6.50% $24,637
    ROYAL UNITED MORTGAGE LLC 1 6.25% $8,734
    SeaTrust Mortgage Company 1 7.99% $16,488
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $9,824
    Simmons Bank 1 5.75% $4,873
    SOUTHERN TRUST MORTGAGE, LLC 1 6.50% $8,653
    Stock Yards Bank & Trust Company 1 6.50% $3,703
    Strong Home Mortgage, LLC 1 6.25% $1,882
    Sunflower Bank 1 5.99% $2,703
    First Citizens National Bank 1 6.25% $10,576
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $15,108
    THE MORTGAGE FIRM, INC. 1 6.25% $8,213
    TOP FLITE FINANCIAL, INC. 1 5.75% $13,735
    TruHome Solutions, LLC 1 6.63% $4,891
    ACOPIA, LLC 1 7.00% $9,440
    FIDELITY BANK 1 6.25% $15,404
    VAN DYK MORTGAGE CORPORATION 1 7.25% $5,987
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $16,354
    U.S. Bank 1 6.75% $3,894
    Leaders Credit Union 1 5.75% $22,235
    ENCORE BANK 1 6.63% $4,882
    LAND HOME FINANCIAL SERVICES, INC. 1 6.38% $8,244
    AmeriHome Mortgage Company, LLC 1 5.63% $13,867
    LADERA LENDING, INC. 1 6.50% $17,309
    Farmers Bank & Trust 1 5.25% $18,235
    Colonial Savings, F.A. 1 5.75% $36,898
    HOMESTAR FINANCIAL CORPORATION 1 5.75% $3,145
    Neighborhood Loans, Inc. 1 7.63% $7,082
    CBM Mortgage, Inc. 1 6.25% $10,093
    NFM, INC. 1 6.75% $6,011
    North American Savings Bank, F.S.B. 1 6.25% $2,484
    Northpointe Bank 1 6.25% $2,955
    ONY GLO, INC. 1 4.63% $16,902
    CALIBER HOME LOANS, INC. 1 5.75% $4,941
    CALCON MUTUAL MORTGAGE LLC 1 6.13% $6,166
    BOKF 1 7.00% $37,396
    GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $8,677
    BNC National Bank 1 5.75% $2,702

    The top Memphis VA lender as defined by loan originations is Mortgage Research Center, LLC, with 311 VA loans originated. Their average total fees are $6,476, which is $5,812 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Memphis VA lenders (with over 10 loans originated) are Nations Lending Corporation ($4,224), Evolve Bank & Trust ($5,869), GUARANTEED RATE, INC. ($6,171), FirstTrust Home Loans, Inc. ($6,206) and CROSSCOUNTRY MORTGAGE, LLC ($6,388).

    The lowest rate Memphis VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.30%), PENNYMAC LOAN SERVICES, LLC (5.43%), NAVY FEDERAL CREDIT UNION (5.75%), Mr. Cooper ( Nationstar Mortgage ) (5.87%) and Patriot Bank (6.01%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Memphis (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 $186,000 (9.5%) $245,469 (5.5%) 0.69 3,833
    2018-02-01 $183,888 (8.2%) $242,438 (4.8%) 0.67 3,817
    2018-03-01 $185,000 (6.7%) $247,771 (5.4%) 0.65 3,822
    2018-04-01 $191,975 (6.7%) $254,825 (3.5%) 0.66 3,224
    2018-05-01 $199,925 (8.1%) $264,572 (5.0%) 0.67 3,183
    2018-06-01 $210,000 (8.3%) $266,962 (4.9%) 0.70 3,436
    2018-07-01 $212,450 (8.1%) $265,749 (4.3%) 0.71 3,781
    2018-08-01 $212,163 (8.8%) $264,381 (4.7%) 0.71 3,786
    2018-09-01 $210,000 (6.5%) $263,674 (4.0%) 0.71 3,788
    2018-10-01 $214,950 (11.4%) $266,470 (6.9%) 0.73 3,789
    2018-11-01 $209,988 (10.6%) $261,545 (5.0%) 0.71 3,754
    2018-12-01 $209,900 (13.5%) $256,048 (3.4%) 0.72 3,490
    2019-01-01 $202,975 (9.1%) $253,358 (3.2%) 0.71 3,161
    2019-02-01 $205,838 (11.9%) $256,976 (6.0%) 0.70 3,055
    2019-03-01 $213,043 (15.2%) $268,071 (8.2%) 0.70 2,990
    2019-04-01 $220,400 (14.8%) $279,675 (9.8%) 0.71 3,008
    2019-05-01 $229,350 (14.7%) $284,955 (7.7%) 0.72 3,019
    2019-06-01 $229,900 (9.5%) $288,083 (7.9%) 0.72 3,122
    2019-07-01 $229,950 (8.2%) $289,103 (8.8%) 0.72 3,264
    2019-08-01 $232,082 (9.4%) $289,165 (9.4%) 0.74 3,246
    2019-09-01 $230,855 (9.9%) $289,920 (10.0%) 0.74 3,211
    2019-10-01 $230,086 (7.0%) $291,221 (9.3%) 0.74 3,181
    2019-11-01 $231,565 (10.3%) $294,108 (12.5%) 0.76 3,112
    2019-12-01 $232,000 (10.5%) $291,532 (13.9%) 0.78 2,958
    2020-01-01 $227,534 (12.1%) $289,112 (14.1%) 0.76 2,765
    2020-02-01 $229,900 (11.7%) $294,520 (14.6%) 0.75 2,532
    2020-03-01 $240,997 (13.1%) $305,373 (13.9%) 0.76 2,413
    2020-04-01 $247,950 (12.5%) $311,696 (11.5%) 0.78 2,416
    2020-05-01 $249,900 (9.0%) $318,898 (11.9%) 0.76 2,239
    2020-06-01 $256,813 (11.7%) $329,553 (14.4%) 0.76 2,006
    2020-07-01 $259,923 (13.0%) $340,769 (17.9%) 0.76 1,827
    2020-08-01 $263,900 (13.7%) $338,070 (16.9%) 0.76 1,737
    2020-09-01 $259,900 (12.6%) $335,838 (15.8%) 0.74 1,628
    2020-10-01 $259,900 (13.0%) $338,445 (16.2%) 0.74 1,627
    2020-11-01 $257,450 (11.2%) $330,513 (12.4%) 0.75 1,563
    2020-12-01 $249,495 (7.5%) $319,184 (9.5%) 0.74 1,445
    2021-01-01 $240,000 (5.5%) $315,868 (9.3%) 0.72 1,272
    2021-02-01 $233,995 (1.8%) $319,162 (8.4%) 0.68 1,117
    2021-03-01 $237,250 (-1.6%) $327,646 (7.3%) 0.68 1,047
    2021-04-01 $239,750 (-3.3%) $329,374 (5.7%) 0.65 1,033
    2021-05-01 $239,900 (-4.0%) $324,225 (1.7%) 0.64 1,078
    2021-06-01 $240,000 (-6.6%) $320,885 (-2.6%) 0.64 1,201
    2021-07-01 $245,000 (-5.7%) $319,754 (-6.2%) 0.65 1,342
    2021-08-01 $249,900 (-5.3%) $324,606 (-4.0%) 0.67 1,450
    2021-09-01 $248,200 (-4.5%) $321,860 (-4.2%) 0.66 1,417
    2021-10-01 $265,000 (2.0%) $338,287 (-0.1%) 0.71 1,336
    2021-11-01 $256,875 (-0.2%) $337,405 (2.1%) 0.69 1,286
    2021-12-01 $242,500 (-2.8%) $326,509 (2.3%) 0.66 1,239
    2022-01-01 $219,900 (-8.4%) $323,241 (2.3%) 0.59 1,092
    2022-02-01 $225,000 (-3.8%) $330,575 (3.6%) 0.59 966
    2022-03-01 $224,950 (-5.2%) $325,740 (-0.6%) 0.57 1,062
    2022-04-01 $246,500 (2.8%) $340,495 (3.4%) 0.59 1,156
    2022-05-01 $292,500 (21.9%) $366,244 (13.0%) 0.67 1,312
    2022-06-01 $305,000 (27.1%) $376,023 (17.2%) 0.68 1,590
    2022-07-01 $319,900 (30.6%) $375,743 (17.5%) 0.72 2,052
    2022-08-01 $312,629 (25.1%) $369,716 (13.9%) 0.72 2,214
    2022-09-01 $316,100 (27.4%) $370,436 (15.1%) 0.74 2,337
    2022-10-01 $319,900 (20.7%) $367,170 (8.5%) 0.75 2,592
    2022-11-01 $324,950 (26.5%) $368,782 (9.3%) 0.78 2,779
    2022-12-01 $325,000 (34.0%) $370,398 (13.4%) 0.80 2,668
    2023-01-01 $324,950 (47.8%) $364,280 (12.7%) 0.80 2,416
    2023-02-01 $323,048 (43.6%) $361,857 (9.5%) 0.78 2,274
    2023-03-01 $318,995 (41.8%) $355,549 (9.2%) 0.75 2,299
    2023-04-01 $324,900 (31.8%) $364,844 (7.2%) 0.76 2,340
    2023-05-01 $325,000 (11.1%) $369,099 (0.8%) 0.74 2,411
    2023-06-01 $326,995 (7.2%) $375,003 (-0.3%) 0.74 2,538
    2023-07-01 $325,000 (1.6%) $369,187 (-1.7%) 0.74 2,741
    2023-08-01 $320,000 (2.4%) $367,659 (-0.6%) 0.74 2,899
    2023-09-01 $310,000 (-1.9%) $360,254 (-2.8%) 0.72 3,176
    2023-10-01 $317,995 (-0.6%) $366,047 (-0.3%) 0.75 3,386
    2023-11-01 $319,900 (-1.6%) $368,596 (-0.1%) 0.76 3,480
    2023-12-01 $317,990 (-2.2%) $366,669 (-1.0%) 0.78 3,429
    2024-01-01 $320,225 (-1.5%) $369,306 (1.4%) 0.78 3,114
    2024-02-01 $324,000 (0.3%) $373,526 (3.2%) 0.78 3,081
    2024-03-01 $325,990 (2.2%) $376,715 (6.0%) 0.77 3,181
    2024-04-01 $339,450 (4.5%) $390,523 (7.0%) 0.79 3,261
    2024-05-01 $348,400 (7.2%) $403,885 (9.4%) 0.79 3,514
    2024-06-01 $344,900 (5.5%) $396,477 (5.7%) 0.78 3,886
    2024-07-01 $341,495 (5.1%) $395,804 (7.2%) 0.78 4,079
    2024-08-01 $339,000 (5.9%) $393,627 (7.1%) 0.79 4,193
    2024-09-01 $335,998 (8.4%) $390,303 (8.3%) 0.79 4,332
    2024-10-01 $334,500 (5.2%) $389,298 (6.4%) 0.79 4,421
    2024-11-01 $333,530 (4.3%) $388,067 (5.3%) 0.80 4,472
    2024-12-01 $329,900 (3.8%) $386,783 (5.5%) 0.82 4,064
    2025-01-01 $329,500 (2.9%) $385,625 (4.4%) 0.00 3,833
    Memphis's median listing price for 2025-01-01 was $329,500, a difference of $9,275 (2.9%) versus the prior year and $-400 versus the prior month.

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

    Memphis's average listing price for 2025-01-01 was $385,625, a difference of $16,319 (4.4%) versus the prior year and $-1,158 versus the prior month.

    For the 2025-01-01 period, Memphis had 3,833 MLS listings, a difference of -231 listings (-6%) versus the prior month and 719 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Memphis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 76 days 2,097 sqft
    2018-02-01 69 days 2,079 sqft
    2018-03-01 50 days 2,057 sqft
    2018-04-01 51 days 2,094 sqft
    2018-05-01 50 days 2,103 sqft
    2018-06-01 47 days 2,124 sqft
    2018-07-01 48 days 2,116 sqft
    2018-08-01 54 days 2,166 sqft
    2018-09-01 57 days 2,183 sqft
    2018-10-01 59 days 2,206 sqft
    2018-11-01 61 days 2,210 sqft
    2018-12-01 67 days 2,200 sqft
    2019-01-01 75 days 2,181 sqft
    2019-02-01 70 days 2,183 sqft
    2019-03-01 60 days 2,214 sqft
    2019-04-01 51 days 2,240 sqft
    2019-05-01 47 days 2,250 sqft
    2019-06-01 51 days 2,217 sqft
    2019-07-01 51 days 2,174 sqft
    2019-08-01 53 days 2,192 sqft
    2019-09-01 54 days 2,197 sqft
    2019-10-01 55 days 2,211 sqft
    2019-11-01 59 days 2,248 sqft
    2019-12-01 67 days 2,232 sqft
    2020-01-01 74 days 2,213 sqft
    2020-02-01 72 days 2,232 sqft
    2020-03-01 55 days 2,299 sqft
    2020-04-01 52 days 2,259 sqft
    2020-05-01 56 days 2,265 sqft
    2020-06-01 52 days 2,274 sqft
    2020-07-01 47 days 2,260 sqft
    2020-08-01 45 days 2,375 sqft
    2020-09-01 44 days 2,336 sqft
    2020-10-01 43 days 2,295 sqft
    2020-11-01 46 days 2,349 sqft
    2020-12-01 52 days 2,199 sqft
    2021-01-01 59 days 2,265 sqft
    2021-02-01 57 days 2,145 sqft
    2021-03-01 50 days 2,167 sqft
    2021-04-01 39 days 2,120 sqft
    2021-05-01 35 days 2,112 sqft
    2021-06-01 34 days 2,075 sqft
    2021-07-01 35 days 2,091 sqft
    2021-08-01 38 days 2,122 sqft
    2021-09-01 40 days 2,124 sqft
    2021-10-01 33 days 2,116 sqft
    2021-11-01 38 days 2,127 sqft
    2021-12-01 44 days 2,152 sqft
    2022-01-01 47 days 2,101 sqft
    2022-02-01 39 days 2,010 sqft
    2022-03-01 36 days 1,965 sqft
    2022-04-01 32 days 2,111 sqft
    2022-05-01 31 days 2,359 sqft
    2022-06-01 30 days 2,429 sqft
    2022-07-01 31 days 2,376 sqft
    2022-08-01 38 days 2,318 sqft
    2022-09-01 42 days 2,232 sqft
    2022-10-01 45 days 2,202 sqft
    2022-11-01 50 days 2,179 sqft
    2022-12-01 61 days 2,200 sqft
    2023-01-01 71 days 2,196 sqft
    2023-02-01 67 days 2,184 sqft
    2023-03-01 53 days 2,166 sqft
    2023-04-01 47 days 2,160 sqft
    2023-05-01 43 days 2,168 sqft
    2023-06-01 44 days 2,202 sqft
    2023-07-01 44 days 2,128 sqft
    2023-08-01 46 days 2,112 sqft
    2023-09-01 46 days 2,050 sqft
    2023-10-01 50 days 2,084 sqft
    2023-11-01 56 days 2,140 sqft
    2023-12-01 63 days 2,156 sqft
    2024-01-01 73 days 2,167 sqft
    2024-02-01 68 days 2,191 sqft
    2024-03-01 51 days 2,196 sqft
    2024-04-01 48 days 2,200 sqft
    2024-05-01 47 days 2,212 sqft
    2024-06-01 49 days 2,226 sqft
    2024-07-01 52 days 2,201 sqft
    2024-08-01 59 days 2,216 sqft
    2024-09-01 62 days 2,175 sqft
    2024-10-01 64 days 2,169 sqft
    2024-11-01 66 days 2,167 sqft
    2024-12-01 73 days 2,200 sqft
    2025-01-01 0 days 2,201 sqft
    Memphis'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.

    Memphis's median square footage for active listings during the 2025-01-01 period was 2,201 sqft. One year prior, the average listing was 2,167 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.