Myrtle Beach VA Loan Rates, Closing Costs & Stats

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-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.

Myrtle Beach's 169 lenders originated 1,911 VA loans during 2022. The total origination value was $597,205,000, with an average VA loan value of $312,509.

Myrtle Beach VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Myrtle Beach averaged 6.48% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

Myrtle Beach's average VA mortgage closing costs are $5,451.

The average rate for the prior week (2023-09-15) was 6.36% and one month ago for the week of 2023-08-18, the average rate was 6.44%.

The average rate one year ago was 5.3%.

For refis of the same type during the week of 2023-09-22, the average rate was 5.59%.

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

Myrtle Beach 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 Myrtle Beach level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 217 4.88% $7,511
DHI MORTGAGE COMPANY, LTD. 170 4.03% $6,339
QUICKEN LOANS, LLC 134 3.99% $11,827
UNITED WHOLESALE MORTGAGE, LLC 74 4.39% $8,999
NEW DAY FINANCIAL, LLC 71 4.71% $11,070
NAVY FEDERAL CREDIT UNION 66 3.93% $5,992
FREEDOM MORTGAGE CORPORATION 64 4.13% $10,585
PENNYMAC LOAN SERVICES, LLC 61 3.32% $9,235
GUARANTEED RATE, INC. 61 4.33% $7,469
MOVEMENT MORTGAGE, LLC 51 4.84% $7,755
LOANDEPOT.COM, LLC 39 3.72% $9,513
EAGLE HOME MORTGAGE, LLC 38 4.67% $5,122
USAA Federal Savings Bank 38 4.29% $8,005
GUILD MORTGAGE COMPANY 34 4.98% $10,747
CMG MORTGAGE, INC. 27 4.68% $10,849
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 22 4.85% $9,429
PULTE MORTGAGE LLC 21 4.86% $7,315
T2 FINANCIAL LLC 19 4.65% $10,195
TIDEWATER MORTGAGE SERVICES, INC. 19 5.32% $8,770
CALIBER HOME LOANS, INC. 19 3.85% $7,725
ANGEL OAK HOME LOANS LLC 18 4.37% $8,559
Mr. Cooper ( Nationstar Mortgage ) 17 4.52% $10,529
Flagstar Bank, FSB 17 4.04% $9,432
Barrington Bank & Trust Company, N.A. 16 4.61% $7,055
CROSSCOUNTRY MORTGAGE, LLC 16 4.88% $11,317
Wells Fargo Bank 15 3.82% $4,919
CARDINAL FINANCIAL 15 4.05% $11,063
JET HOMELOANS, LLC 14 5.16% $9,168
LAKEVIEW LOAN SERVICING, LLC 12 3.29% $4,164
VILLAGE CAPITAL MORTGAGE 12 4.03% $10,207
American Security Mortgage Corp. 12 4.88% $10,369
MCLEAN MORTGAGE CORPORATION 12 4.90% $7,236
The Federal Savings Bank 12 4.30% $12,075
VANDERBILT MORTGAGE AND FINANCE, INC. 12 4.46% $8,102
NEWREZ LLC 11 4.49% $13,760
US MORTGAGE CORPORATION 9 5.40% $8,766
THE MORTGAGE FIRM, INC. 9 4.43% $10,210
PENTAGON FEDERAL CREDIT UNION 9 3.60% $6,658
Truist 9 4.50% $4,309
Alpha Mortgage Corporation 9 4.58% $9,415
Ameris Bank 9 3.79% $6,900
AMERISAVE MORTGAGE CORPORATION 9 4.08% $13,141
CLEARPATH LENDING 8 3.16% $10,491
BROKER SOLUTIONS, INC. 8 4.97% $12,503
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 4.34% $6,574
Gateway First Bank 8 4.66% $11,378
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 5.63% $7,697
NBKC BANK 7 4.09% $8,522
Magnolia Bank 7 4.32% $15,417
LOANPAL, LLC 6 4.71% $13,770
Mid-Continent Funding, Inc. 6 4.60% $10,446
Towne Bank 6 4.38% $7,399
TBI MORTGAGE COMPANY 6 4.00% $8,347
HOME POINT FINANCIAL CORPORATION 6 4.25% $10,607
AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.08% $15,491
SeaTrust Mortgage Company 5 4.43% $11,605
VERITAS FUNDING, LLC 5 5.23% $19,347
UNION HOME MORTGAGE CORP. 5 4.73% $10,074
Northpointe Bank 5 5.35% $9,761
EQUITY RESOURCES, INC. 4 3.94% $6,325
Equity Prime Mortgage LLC 4 3.94% $8,450
Plains Commerce Bank 4 5.69% $7,516
RELIANCE FIRST CAPITAL, LLC 4 5.38% $9,299
SOUTHERN TRUST MORTGAGE, LLC 4 4.22% $9,706
Platinum Home Mortgage Corporation 4 5.38% $9,088
South State Bank 4 3.25% $5,324
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.09% $6,590
Nations Lending Corporation 4 4.09% $10,489
HOMESIDE FINANCIAL, LLC 4 4.72% $8,312
Carrington Mortgage Services, LLC 4 4.34% $10,317
BNC National Bank 4 4.28% $3,490
NFM, INC. 4 5.16% $16,373
Bank of England 4 4.66% $7,607
RESOURCE FINANCIAL SERVICES, INC. 3 4.42% $11,924
Alcova Mortgage LLC 3 5.92% $5,487
PLANET HOME LENDING, LLC 3 4.21% $6,500
North American Savings Bank, F.S.B. 3 2.88% $6,287
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.25% $8,728
AMERICAN FINANCIAL RESOURCES, INC. 3 5.25% $7,759
United Community Bank 3 4.63% $11,176
Strong Home Mortgage, LLC 3 4.38% $10,011
CORNERSTONE HOME LENDING, INC. 3 4.75% $5,103
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 5.63% $6,213
GUARANTY HOME MORTGAGE CORPORATION 3 5.13% $4,610
SOUTHWEST FUNDING, LP 3 5.71% $15,526
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 5.88% $6,713
Princeton Mortgage Corporation 3 3.54% $12,552
Wyndham Capital Mortgage, Inc. 2 4.38% $9,467
AMERICAN FINANCING CORPORATION 2 4.38% $7,431
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.69% $2,474
Bank of America 2 5.00% $14,578
Blue Ridge Bank 2 5.94% $21,002
CONTOUR MORTGAGE CORPORATION 2 4.19% $12,401
First Horizon Bank 2 5.75% $3,964
GENEVA FINANCIAL, LLC 2 4.19% $12,022
HOMESTEAD FUNDING CORP. 2 5.75% $5,416
INSPIRE HOME LOANS INC. 2 6.06% $5,377
INTERCOASTAL MORTGAGE COMPANY 2 5.69% $6,443
Lakeview Community Capital, LLC 2 4.25% $2,419
Low VA Rates, LLC 2 4.06% $12,748
MDE Home Loans, LLC 2 5.56% $7,699
MIDLAND MORTGAGE CORPORATION 2 4.69% $12,048
ON Q FINANCIAL, INC. 2 3.81% $8,712
Presidential Bank, FSB 2 4.75% $9,815
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.75% $5,478
Renasant Bank 2 4.31% $6,386
SUN WEST MORTGAGE COMPANY, INC. 2 3.81% $10,390
TD Bank 2 5.13% $9,249
Texana Bank 2 3.69% $20,390
United Bank 2 4.94% $8,535
HOMESPIRE MORTGAGE CORPORATION 1 5.13% $4,567
NP, Inc. 1 2.75% $11,296
NTFN, INC. 1 6.00% $10,398
NVR Mortgage Finance, Inc. 1 4.63% $982
OCMBC, INC. 1 5.13% $16,048
Armed Forces Bank 1 3.88% $6,872
OVM FINANCIAL, INC. 1 5.00% $4,257
GSF Mortgage Corporation 1 5.50% $5,312
GoPrime Mortgage, Inc. 1 5.88% $15,718
Peoples Bank 1 6.49% $12,587
George Mason Mortgage, LLC 1 3.25% $3,675
FLAT BRANCH MORTGAGE, INC. 1 4.38% $5,159
First Savings Bank 1 3.50% $10,701
PNC Bank 1 4.00% $4,521
Uwharrie Bank 1 5.75% $5,835
ARC HOME LLC 1 2.75% $3,896
First Reliance Bank 1 4.75% $6,493
Prosperity Home Mortgage, LLC 1 2.75% $2,265
First National Bank of Pennsylvania 1 2.88% $2,880
FIRST HOME MORTGAGE CORPORATION 1 4.50% $7,498
RAPID MORTGAGE COMPANY 1 3.25% $11,801
First Guaranty Mortgage Corporation 1 4.75% $6,125
ACOPIA, LLC 1 4.75% $3,739
RESIDENTIAL BANCORP 1 2.75% $17,329
First Bank 1 2.63% $2,562
FINANCE OF AMERICA MORTGAGE LLC 1 2.50% $2,072
SECURITYNATIONAL MORTGAGE COMPANY 1 5.25% $13,351
Service Federal Credit Union 1 3.00% $7,485
Southern Bank and Trust Company 1 2.88% $8,076
FIDELITY DIRECT MORTGAGE, LLC 1 5.25% $16,353
FCB Banks 1 3.25% $5,216
Encompass Lending Group, LP 1 4.88% $1,644
SOUTHWEST STAGE FUNDING, LLC 1 5.88% $0
EMBRACE HOME LOANS, INC. 1 3.75% $7,246
ACADEMY MORTGAGE CORPORATION 1 5.25% $10,398
DRAPER AND KRAMER MORTGAGE CORP. 1 4.75% $13,554
DEVELOPER'S MORTGAGE COMPANY 1 5.75% $2,826
1ST PREFERENCE MORTGAGE CORP. 1 4.88% $13,272
WRIGHT-PATT CREDIT UNION, INC. 1 3.63% $5,345
DELMAR FINANCIAL COMPANY 1 3.75% $8,889
CRESCENT MORTGAGE COMPANY 1 3.00% $3,920
Chickasaw Community Bank 1 2.75% $3,630
TOTAL MORTGAGE SERVICES, LLC 1 3.75% $8,556
CHERRY CREEK MORTGAGE, LLC 1 5.75% $1,165
C & F Mortgage Corporation 1 4.75% $7,278
CERTAINTY HOME LOANS, LLC 1 5.38% $4,507
1ST FINANCIAL, INC. 1 5.75% $7,876
CAPITAL CENTER, L.L.C. 1 3.13% $0
Capital Bank 1 2.75% $2,344
CALCON MUTUAL MORTGAGE LLC 1 4.75% $5,238
U.S. Bank 1 2.99% $16,618
Mutual Federal Bank 1 4.75% $21,055
NBH Bank 1 5.75% $768
MORTGAGEONE, INC. 1 6.75% $1,595
Neighborhood Loans, Inc. 1 7.25% $4,082
MICHIGAN MUTUAL, INC. 1 3.88% $3,554
LEADERONE FINANCIAL CORPORATION 1 4.75% $12,533
LADERA LENDING, INC. 1 3.25% $6,348
HOMESTAR FINANCIAL CORPORATION 1 3.75% $5,100

The top Myrtle Beach VA lender as defined by loan originations is Mortgage Research Center, LLC, with 217 VA loans originated. Their average total fees are $7,511, which is $1,171 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Myrtle Beach VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($4,164), Wells Fargo Bank ($4,919), EAGLE HOME MORTGAGE, LLC ($5,122), NAVY FEDERAL CREDIT UNION ($5,992) and DHI MORTGAGE COMPANY, LTD. ($6,339).

The lowest rate Myrtle Beach VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.29%), PENNYMAC LOAN SERVICES, LLC (3.32%), LOANDEPOT.COM, LLC (3.72%), Wells Fargo Bank (3.82%) and CALIBER HOME LOANS, INC. (3.85%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Myrtle Beach (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 $245,138 (6.7%) $318,063 (7.5%) 0.91 6,620
2018-02-01 $247,883 (7.8%) $316,139 (6.3%) 0.90 6,801
2018-03-01 $249,000 (6.0%) $319,239 (5.6%) 0.87 7,002
2018-04-01 $249,900 (4.6%) $326,080 (4.8%) 0.85 7,013
2018-05-01 $253,150 (5.5%) $329,170 (4.6%) 0.85 6,946
2018-06-01 $259,900 (7.7%) $335,093 (4.2%) 0.87 6,846
2018-07-01 $260,000 (6.2%) $335,340 (4.9%) 0.87 6,692
2018-08-01 $259,000 (4.9%) $332,048 (3.2%) 0.87 6,738
2018-09-01 $257,500 (3.4%) $332,235 (2.8%) 0.87 6,653
2018-10-01 $249,981 (0.6%) $324,602 (0.8%) 0.85 6,639
2018-11-01 $251,481 (2.7%) $323,891 (0.5%) 0.85 6,609
2018-12-01 $250,000 (2.0%) $321,119 (0.0%) 0.86 6,575
2019-01-01 $251,906 (2.8%) $319,246 (0.4%) 0.87 6,506
2019-02-01 $252,950 (2.0%) $321,960 (1.8%) 0.85 6,772
2019-03-01 $255,386 (2.6%) $324,400 (1.6%) 0.84 6,993
2019-04-01 $259,900 (4.0%) $329,131 (0.9%) 0.83 7,191
2019-05-01 $264,238 (4.4%) $334,518 (1.6%) 0.83 7,137
2019-06-01 $263,500 (1.4%) $334,366 (-0.2%) 0.82 7,091
2019-07-01 $259,983 (0.0%) $333,905 (-0.4%) 0.81 7,009
2019-08-01 $262,136 (1.2%) $335,823 (1.1%) 0.83 6,928
2019-09-01 $265,378 (3.1%) $336,818 (1.4%) 0.85 6,854
2019-10-01 $267,085 (6.8%) $336,839 (3.8%) 0.86 6,811
2019-11-01 $265,000 (5.4%) $336,543 (3.9%) 0.87 6,772
2019-12-01 $264,900 (6.0%) $335,038 (4.3%) 0.88 6,574
2020-01-01 $259,900 (3.2%) $331,095 (3.7%) 0.87 6,355
2020-02-01 $260,447 (3.0%) $331,912 (3.1%) 0.85 6,403
2020-03-01 $261,100 (2.2%) $334,907 (3.2%) 0.82 6,594
2020-04-01 $259,700 (-0.1%) $330,333 (0.4%) 0.81 6,868
2020-05-01 $261,092 (-1.2%) $335,944 (0.4%) 0.79 6,629
2020-06-01 $264,900 (0.5%) $338,597 (1.3%) 0.78 5,942
2020-07-01 $262,412 (0.9%) $338,772 (1.5%) 0.76 5,602
2020-08-01 $259,995 (-0.8%) $338,185 (0.7%) 0.75 5,387
2020-09-01 $259,900 (-2.1%) $340,523 (1.1%) 0.74 5,051
2020-10-01 $261,240 (-2.2%) $345,531 (2.6%) 0.75 4,804
2020-11-01 $263,310 (-0.6%) $344,316 (2.3%) 0.77 4,546
2020-12-01 $259,900 (-1.9%) $339,693 (1.4%) 0.77 4,426
2021-01-01 $259,240 (-0.3%) $336,513 (1.6%) 0.77 4,062
2021-02-01 $261,852 (0.5%) $341,283 (2.8%) 0.76 3,446
2021-03-01 $272,735 (4.5%) $358,381 (7.0%) 0.77 2,921
2021-04-01 $290,693 (11.9%) $380,479 (15.2%) 0.79 2,460
2021-05-01 $309,990 (18.7%) $415,070 (23.6%) 0.82 1,972
2021-06-01 $327,500 (23.6%) $438,192 (29.4%) 0.86 1,869
2021-07-01 $359,349 (36.9%) $455,694 (34.5%) 0.95 1,955
2021-08-01 $357,104 (37.4%) $455,953 (34.8%) 0.95 2,199
2021-09-01 $353,884 (36.2%) $452,691 (32.9%) 0.94 2,326
2021-10-01 $365,495 (39.9%) $463,217 (34.1%) 0.97 2,373
2021-11-01 $364,570 (38.5%) $463,431 (34.6%) 0.97 2,284
2021-12-01 $369,950 (42.3%) $466,931 (37.5%) 1.00 1,983
2022-01-01 $371,165 (43.2%) $469,788 (39.6%) 1.00 1,770
2022-02-01 $392,365 (49.8%) $512,077 (50.0%) 1.02 1,351
2022-03-01 $399,450 (46.5%) $520,580 (45.3%) 1.00 1,347
2022-04-01 $398,645 (37.1%) $522,141 (37.2%) 0.95 1,554
2022-05-01 $389,381 (25.6%) $513,945 (23.8%) 0.89 2,136
2022-06-01 $389,000 (18.8%) $510,222 (16.4%) 0.87 2,687
2022-07-01 $382,395 (6.4%) $498,662 (9.4%) 0.86 3,323
2022-08-01 $380,285 (6.5%) $488,210 (7.1%) 0.88 3,630
2022-09-01 $382,450 (8.1%) $486,914 (7.6%) 0.89 3,897
2022-10-01 $379,000 (3.7%) $480,712 (3.8%) 0.89 4,148
2022-11-01 $373,685 (2.5%) $470,263 (1.5%) 0.90 4,437
2022-12-01 $365,650 (-1.2%) $462,227 (-1.0%) 0.90 4,471
2023-01-01 $362,500 (-2.3%) $457,971 (-2.5%) 0.90 4,284
2023-02-01 $363,538 (-7.4%) $457,963 (-10.6%) 0.88 4,035
2023-03-01 $364,988 (-8.6%) $461,709 (-11.3%) 0.86 3,924
2023-04-01 $366,591 (-8.0%) $470,328 (-9.9%) 0.85 3,851
2023-05-01 $366,075 (-6.0%) $466,303 (-9.3%) 0.83 3,966
2023-06-01 $365,345 (-6.1%) $468,341 (-8.2%) 0.82 4,035
2023-07-01 $359,900 (-5.9%) $464,238 (-6.9%) 0.82 4,168
2023-08-01 $355,784 (-6.4%) $494,873 (1.4%) 0.82 4,349
Myrtle Beach's median listing price for 2023-08-01 was $355,784, a difference of $-24,501 (-6.4%) versus the prior year and $-4,116 versus the prior month.

Myrtle Beach's median listing price comes in at 82% of the national average.

Myrtle Beach's average listing price for 2023-08-01 was $494,873, a difference of $6,663 (1.4%) versus the prior year and $30,635 versus the prior month.

For the 2023-08-01 period, Myrtle Beach had 4,349 MLS listings, a difference of 181 listings (4%) versus the prior month and 719 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Myrtle Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 99 days 1,701 sqft
2018-02-01 94 days 1,701 sqft
2018-03-01 75 days 1,701 sqft
2018-04-01 73 days 1,701 sqft
2018-05-01 73 days 1,701 sqft
2018-06-01 79 days 1,701 sqft
2018-07-01 85 days 1,701 sqft
2018-08-01 82 days 1,701 sqft
2018-09-01 87 days 1,701 sqft
2018-10-01 91 days 1,647 sqft
2018-11-01 95 days 1,648 sqft
2018-12-01 102 days 1,651 sqft
2019-01-01 94 days 1,626 sqft
2019-02-01 89 days 1,604 sqft
2019-03-01 79 days 1,559 sqft
2019-04-01 73 days 1,504 sqft
2019-05-01 76 days 1,518 sqft
2019-06-01 81 days 1,550 sqft
2019-07-01 82 days 1,599 sqft
2019-08-01 84 days 1,603 sqft
2019-09-01 84 days 1,605 sqft
2019-10-01 85 days 1,604 sqft
2019-11-01 86 days 1,602 sqft
2019-12-01 90 days 1,650 sqft
2020-01-01 96 days 1,650 sqft
2020-02-01 93 days 1,651 sqft
2020-03-01 71 days 1,650 sqft
2020-04-01 76 days 1,650 sqft
2020-05-01 86 days 1,650 sqft
2020-06-01 92 days 1,679 sqft
2020-07-01 77 days 1,676 sqft
2020-08-01 68 days 1,659 sqft
2020-09-01 68 days 1,650 sqft
2020-10-01 68 days 1,647 sqft
2020-11-01 69 days 1,631 sqft
2020-12-01 72 days 1,620 sqft
2021-01-01 75 days 1,607 sqft
2021-02-01 72 days 1,600 sqft
2021-03-01 55 days 1,603 sqft
2021-04-01 51 days 1,651 sqft
2021-05-01 46 days 1,667 sqft
2021-06-01 41 days 1,680 sqft
2021-07-01 37 days 1,720 sqft
2021-08-01 35 days 1,728 sqft
2021-09-01 39 days 1,736 sqft
2021-10-01 41 days 1,835 sqft
2021-11-01 44 days 1,807 sqft
2021-12-01 57 days 1,813 sqft
2022-01-01 64 days 1,822 sqft
2022-02-01 48 days 1,815 sqft
2022-03-01 37 days 1,808 sqft
2022-04-01 29 days 1,727 sqft
2022-05-01 26 days 1,708 sqft
2022-06-01 32 days 1,699 sqft
2022-07-01 39 days 1,668 sqft
2022-08-01 45 days 1,670 sqft
2022-09-01 52 days 1,691 sqft
2022-10-01 58 days 1,702 sqft
2022-11-01 65 days 1,702 sqft
2022-12-01 67 days 1,711 sqft
2023-01-01 76 days 1,701 sqft
2023-02-01 79 days 1,712 sqft
2023-03-01 62 days 1,720 sqft
2023-04-01 53 days 1,715 sqft
2023-05-01 51 days 1,701 sqft
2023-06-01 51 days 1,674 sqft
2023-07-01 55 days 1,648 sqft
2023-08-01 55 days 1,618 sqft
Myrtle Beach's median listing age (time on market) for 2023-08-01 was 55 days. This is 21% longer than the same period one year ago.

Myrtle Beach's median square footage for active listings during the 2023-08-01 period was 1,618 sqft. One year prior, the average listing was 1,670 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.