Pittsburgh VA Loan Rates, Closing Costs & Stats

PITTSBURGH, PA

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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.

    Pittsburgh's 121 lenders originated 1,408 VA loans during 2023. The total origination value was $366,970,000, with an average VA loan value of $260,632.

    Pittsburgh VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Pittsburgh averaged 6.34% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Pittsburgh's average VA mortgage closing costs are $6,379.

    The average rate for the prior week (2024-12-06) was 6.27% and one month ago for the week of 2024-11-08, the average rate was 6.47%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.26%.

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

    Pittsburgh 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 Pittsburgh level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 336 6.72% $5,741
    UNITED WHOLESALE MORTGAGE, LLC 88 6.46% $8,149
    NAVY FEDERAL CREDIT UNION 71 5.93% $6,151
    QUICKEN LOANS, LLC 70 6.37% $11,530
    NVR Mortgage Finance, Inc. 42 5.76% $8,782
    USAA Federal Savings Bank 40 6.24% $9,580
    NEW DAY FINANCIAL, LLC 31 7.50% $16,052
    Citizens Bank 29 6.25% $9,291
    FREEDOM MORTGAGE CORPORATION 26 6.58% $15,622
    MOVEMENT MORTGAGE, LLC 25 6.73% $8,987
    STOCKTON MORTGAGE CORPORATION 22 6.58% $9,935
    HOWARD HANNA FINANCIAL SERVICES, INC. 22 6.38% $11,158
    PLAZA HOME MORTGAGE, INC. 22 6.49% $10,210
    PENNYMAC LOAN SERVICES, LLC 22 5.70% $11,039
    AFFORDABLE MORTGAGE ADVISORS, LLC. 21 6.64% $10,905
    EQUITY RESOURCES, INC. 19 6.47% $8,980
    LOANDEPOT.COM, LLC 18 6.42% $10,801
    CROSSCOUNTRY MORTGAGE, LLC 17 6.75% $5,554
    UNION HOME MORTGAGE CORP. 16 6.59% $12,047
    GUARANTEED RATE AFFINITY, LLC 15 6.40% $5,972
    The Federal Savings Bank 15 6.68% $15,371
    The Huntington National Bank 15 6.55% $6,836
    WEST PENN FINANCIAL SERVICE CENTER, INC. 15 6.32% $8,342
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.54% $5,805
    Mr. Cooper ( Nationstar Mortgage ) 11 6.03% $12,468
    GUARANTEED RATE, INC. 11 6.17% $4,408
    RELIANCE FIRST CAPITAL, LLC 11 6.08% $11,254
    Victorian Finance, LLC 10 6.33% $10,400
    PLANET HOME LENDING, LLC 10 6.43% $8,085
    NEWREZ LLC 9 6.78% $9,354
    Barrington Bank & Trust Company, N.A. 8 6.61% $6,865
    AMERISAVE MORTGAGE CORPORATION 8 6.06% $14,080
    CARDINAL FINANCIAL 8 6.63% $10,220
    Mid-Continent Funding, Inc. 8 6.20% $10,023
    VILLAGE CAPITAL MORTGAGE 8 6.17% $6,408
    PENTAGON FEDERAL CREDIT UNION 7 5.57% $10,564
    Equity Prime Mortgage LLC 7 7.30% $4,830
    U.S. Bank 7 6.50% $8,245
    CMG MORTGAGE, INC. 6 6.25% $14,270
    BROKER SOLUTIONS, INC. 6 6.88% $9,596
    BAY EQUITY LLC 6 6.39% $9,105
    DEVELOPER'S MORTGAGE COMPANY 5 6.28% $8,254
    Flagstar Bank, FSB 5 6.00% $10,855
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.40% $4,414
    AMERICAN FINANCIAL NETWORK, INC. 5 6.23% $7,436
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.12% $8,347
    FEDERATED MORTGAGE CORP. 5 7.08% $9,675
    MICHIGAN MUTUAL, INC. 5 6.38% $7,357
    Sail Mortgage Corp. 4 6.47% $9,434
    KeyBank 4 6.38% $4,896
    AMCAP MORTGAGE, LTD. 4 6.78% $15,153
    First Federal Bank 4 7.16% $14,185
    Union Savings Bank 4 6.19% $3,827
    First National Bank of Pennsylvania 4 5.88% $6,255
    Magnolia Bank 4 6.28% $18,252
    Nations Lending Corporation 4 6.72% $13,119
    Wells Fargo Bank 4 5.88% $9,555
    WesBanco 4 6.16% $6,926
    MILEND, INC. 3 7.00% $6,799
    First Commonwealth Bank 3 5.88% $10,361
    GUILD MORTGAGE COMPANY 3 6.63% $11,421
    Paramount Residential Mortgage Group, Inc. 3 6.17% $11,515
    PNC Bank 3 6.96% $6,585
    Ameris Bank 3 6.38% $10,948
    TOWNE MORTGAGE COMPANY 3 6.00% $8,129
    Univest Bank and Trust Co. 3 6.38% $12,131
    ALLIED MORTGAGE GROUP, INC. 3 6.63% $9,525
    NBKC BANK 2 6.13% $5,647
    Century Mortgage Company DBA Century Lending Company 2 6.63% $12,011
    CONTOUR MORTGAGE CORPORATION 2 5.94% $18,145
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.31% $17,106
    NATIONS DIRECT MORTGAGE, LLC 2 6.50% $13,887
    DAS Acquisition Company, LLC 2 6.94% $3,267
    Community First National Bank 2 5.75% $7,083
    Northwest Bank 2 5.56% $11,945
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 7.75% $9,217
    ROYAL UNITED MORTGAGE LLC 2 7.06% $13,259
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.94% $5,819
    TIDEWATER MORTGAGE SERVICES, INC. 2 7.06% $6,418
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.56% $8,093
    LOANPAL, LLC 2 6.13% $15,684
    JPMorgan Chase Bank 2 6.44% $2,238
    Ixonia Bank 2 7.75% $5,024
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,459
    BAY CAPITAL MORTGAGE CORPORATION 1 7.38% $6,747
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $4,409
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $7,853
    Bank of America 1 7.75% $3,908
    Gateway First Bank 1 6.75% $3,060
    AXIA FINANCIAL, LLC 1 7.13% $8,300
    Atlantic Coast Mortgage, LLC 1 6.25% $14,889
    Dollar Bank, Federal Savings Bank 1 6.38% $3,275
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $9,986
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.50% $11,978
    Prosperity Home Mortgage, LLC 1 7.50% $7,475
    EMM LOANS LLC 1 6.25% $10,364
    Armed Forces Bank 1 6.13% $10,524
    First Federal Savings and Loan Association of Greene Co 1 6.70% $4,672
    First United Bank and Trust Company 1 6.88% $8,178
    Service Federal Credit Union 1 5.50% $4,008
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $6,176
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $20,498
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $6,535
    Strong Home Mortgage, LLC 1 7.50% $6,128
    SUN WEST MORTGAGE COMPANY, INC. 1 7.13% $8,541
    SWBC MORTGAGE CORPORATION 1 6.75% $5,357
    EMBRACE HOME LOANS, INC. 1 5.99% $17,036
    MORTGAGE ACCESS CORP. 1 6.13% $14,836
    MORTGAGEONE, INC. 1 7.75% $14,989
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $24,814
    GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $5,423
    ARC HOME LLC 1 5.63% $3,032
    EVERETT FINANCIAL, INC. 1 7.13% $695
    Keystone Funding, Inc. 1 7.00% $8,499
    Evolve Bank & Trust 1 6.50% $0
    AmeriHome Mortgage Company, LLC 1 6.25% $10,653
    BNC National Bank 1 6.25% $17,845
    First Heritage Mortgage, LLC 1 6.50% $6,288
    Goldwater Bank, N.A. 1 6.50% $4,628
    BAYCOAST MORTGAGE COMPANY, LLC 1 6.00% $3,311
    Meridian Bank Corporation 1 5.00% $14,010

    The top Pittsburgh VA lender as defined by loan originations is Mortgage Research Center, LLC, with 336 VA loans originated. Their average total fees are $5,741, which is $2,408 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Pittsburgh VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($4,408), CROSSCOUNTRY MORTGAGE, LLC ($5,554), Mortgage Research Center, LLC ($5,741), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,805) and GUARANTEED RATE AFFINITY, LLC ($5,972).

    The lowest rate Pittsburgh VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.70%), NVR Mortgage Finance, Inc. (5.76%), NAVY FEDERAL CREDIT UNION (5.93%), Mr. Cooper ( Nationstar Mortgage ) (6.03%) and RELIANCE FIRST CAPITAL, LLC (6.08%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pittsburgh (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 $169,900 (11.2%) $260,197 (6.9%) 0.63 7,641
    2018-02-01 $169,900 (9.7%) $265,316 (6.6%) 0.62 7,160
    2018-03-01 $179,900 (11.4%) $279,002 (7.6%) 0.63 6,925
    2018-04-01 $184,900 (9.4%) $285,004 (7.5%) 0.63 6,961
    2018-05-01 $188,375 (9.4%) $288,647 (7.4%) 0.63 7,196
    2018-06-01 $184,900 (5.7%) $282,702 (5.0%) 0.62 7,538
    2018-07-01 $183,750 (2.1%) $281,232 (4.0%) 0.61 7,818
    2018-08-01 $182,400 (2.2%) $277,909 (3.9%) 0.61 7,963
    2018-09-01 $179,900 (2.8%) $275,367 (3.8%) 0.60 8,057
    2018-10-01 $179,450 (2.6%) $272,269 (3.9%) 0.61 8,183
    2018-11-01 $174,950 (0.0%) $270,349 (2.6%) 0.59 7,937
    2018-12-01 $169,900 (-0.1%) $272,128 (4.6%) 0.59 7,394
    2019-01-01 $169,900 (0.0%) $272,520 (4.7%) 0.59 6,999
    2019-02-01 $173,700 (2.2%) $278,319 (4.9%) 0.59 6,566
    2019-03-01 $181,929 (1.1%) $289,869 (3.9%) 0.59 6,381
    2019-04-01 $189,450 (2.5%) $297,075 (4.2%) 0.60 6,375
    2019-05-01 $196,000 (4.1%) $302,227 (4.7%) 0.61 6,525
    2019-06-01 $199,900 (8.1%) $304,008 (7.5%) 0.62 6,886
    2019-07-01 $199,900 (8.8%) $301,682 (7.3%) 0.63 7,163
    2019-08-01 $199,655 (9.5%) $299,674 (7.8%) 0.63 7,234
    2019-09-01 $199,286 (10.8%) $297,740 (8.1%) 0.64 7,360
    2019-10-01 $199,000 (10.9%) $297,386 (9.2%) 0.64 7,444
    2019-11-01 $194,000 (10.9%) $299,103 (10.6%) 0.64 7,132
    2019-12-01 $189,900 (11.8%) $296,088 (8.8%) 0.63 6,588
    2020-01-01 $190,125 (11.9%) $303,760 (11.5%) 0.64 6,159
    2020-02-01 $200,000 (15.1%) $317,723 (14.2%) 0.65 5,703
    2020-03-01 $214,950 (18.2%) $327,937 (13.1%) 0.67 5,449
    2020-04-01 $216,850 (14.5%) $325,812 (9.7%) 0.68 5,305
    2020-05-01 $225,000 (14.8%) $329,035 (8.9%) 0.68 5,485
    2020-06-01 $242,500 (21.3%) $349,353 (14.9%) 0.71 5,252
    2020-07-01 $249,450 (24.8%) $358,188 (18.7%) 0.72 4,978
    2020-08-01 $249,000 (24.7%) $355,499 (18.6%) 0.71 4,896
    2020-09-01 $243,950 (22.4%) $355,825 (19.5%) 0.70 4,874
    2020-10-01 $239,900 (20.6%) $357,081 (20.1%) 0.69 4,724
    2020-11-01 $239,450 (23.4%) $354,996 (18.7%) 0.70 4,372
    2020-12-01 $234,900 (23.7%) $358,137 (21.0%) 0.70 3,920
    2021-01-01 $239,000 (25.7%) $368,453 (21.3%) 0.71 3,402
    2021-02-01 $245,000 (22.5%) $390,979 (23.1%) 0.71 2,806
    2021-03-01 $249,900 (16.3%) $405,813 (23.8%) 0.71 2,691
    2021-04-01 $259,812 (19.8%) $412,056 (26.5%) 0.70 2,791
    2021-05-01 $260,000 (15.6%) $407,935 (24.0%) 0.69 2,962
    2021-06-01 $257,075 (6.0%) $395,403 (13.2%) 0.68 3,363
    2021-07-01 $239,900 (-3.8%) $369,072 (3.0%) 0.63 3,912
    2021-08-01 $229,900 (-7.7%) $347,609 (-2.2%) 0.61 4,191
    2021-09-01 $227,000 (-7.0%) $341,042 (-4.2%) 0.61 4,331
    2021-10-01 $225,000 (-6.2%) $341,720 (-4.3%) 0.60 4,241
    2021-11-01 $219,000 (-8.5%) $338,090 (-4.8%) 0.59 3,951
    2021-12-01 $209,900 (-10.6%) $335,818 (-6.2%) 0.57 3,492
    2022-01-01 $205,000 (-14.2%) $343,579 (-6.8%) 0.55 2,992
    2022-02-01 $214,900 (-12.3%) $362,623 (-7.3%) 0.56 2,555
    2022-03-01 $219,950 (-12.0%) $371,259 (-8.5%) 0.55 2,484
    2022-04-01 $225,000 (-13.4%) $373,309 (-9.4%) 0.54 2,600
    2022-05-01 $239,900 (-7.7%) $370,445 (-9.2%) 0.55 3,128
    2022-06-01 $239,900 (-6.7%) $365,436 (-7.6%) 0.53 3,530
    2022-07-01 $239,900 (0.0%) $361,240 (-2.1%) 0.54 4,024
    2022-08-01 $232,500 (1.1%) $349,765 (0.6%) 0.54 4,281
    2022-09-01 $225,000 (-0.9%) $337,936 (-0.9%) 0.53 4,405
    2022-10-01 $219,900 (-2.3%) $328,287 (-3.9%) 0.52 4,582
    2022-11-01 $218,950 (0.0%) $327,304 (-3.2%) 0.53 4,536
    2022-12-01 $209,698 (-0.1%) $324,476 (-3.4%) 0.52 4,186
    2023-01-01 $199,950 (-2.5%) $326,334 (-5.0%) 0.50 3,706
    2023-02-01 $200,000 (-6.9%) $335,855 (-7.4%) 0.48 3,307
    2023-03-01 $215,000 (-2.3%) $347,938 (-6.3%) 0.51 3,156
    2023-04-01 $225,000 (0.0%) $358,425 (-4.0%) 0.52 3,278
    2023-05-01 $238,125 (-0.7%) $370,023 (-0.1%) 0.54 3,241
    2023-06-01 $239,950 (0.0%) $386,111 (5.7%) 0.54 3,496
    2023-07-01 $249,000 (3.8%) $384,586 (6.5%) 0.57 3,671
    2023-08-01 $249,900 (7.5%) $395,709 (13.1%) 0.57 3,831
    2023-09-01 $248,750 (10.6%) $390,618 (15.6%) 0.58 4,075
    2023-10-01 $246,750 (12.2%) $387,649 (18.1%) 0.58 4,358
    2023-11-01 $239,900 (9.6%) $384,098 (17.4%) 0.57 4,431
    2023-12-01 $239,000 (14.0%) $388,298 (19.7%) 0.58 4,175
    2024-01-01 $234,950 (17.5%) $387,140 (18.6%) 0.57 3,837
    2024-02-01 $232,450 (16.2%) $395,913 (17.9%) 0.56 3,509
    2024-03-01 $239,900 (11.6%) $408,105 (17.3%) 0.56 3,496
    2024-04-01 $249,900 (11.1%) $411,961 (14.9%) 0.58 3,499
    2024-05-01 $263,725 (10.8%) $416,635 (12.6%) 0.60 3,741
    2024-06-01 $259,900 (8.3%) $406,082 (5.2%) 0.58 3,990
    2024-07-01 $252,125 (1.3%) $385,240 (0.2%) 0.58 4,422
    2024-08-01 $245,000 (-2.0%) $366,876 (-7.3%) 0.57 4,754
    2024-09-01 $245,000 (-1.5%) $364,207 (-6.8%) 0.58 4,938
    2024-10-01 $244,000 (-1.1%) $361,911 (-6.6%) 0.57 5,197
    2024-11-01 $239,900 (0.0%) $349,584 (-9.0%) 0.58 5,226
    Pittsburgh's median listing price for 2024-11-01 was $239,900, a difference of $0 (0.0%) versus the prior year and $-4,100 versus the prior month.

    Pittsburgh's median listing price comes in at 58% of the national average.

    Pittsburgh's average listing price for 2024-11-01 was $349,584, a difference of $-34,514 (-9.0%) versus the prior year and $-12,327 versus the prior month.

    For the 2024-11-01 period, Pittsburgh had 5,226 MLS listings, a difference of 29 listings (1%) versus the prior month and 795 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pittsburgh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 109 days 1,665 sqft
    2018-02-01 111 days 1,679 sqft
    2018-03-01 96 days 1,704 sqft
    2018-04-01 70 days 1,742 sqft
    2018-05-01 62 days 1,745 sqft
    2018-06-01 57 days 1,726 sqft
    2018-07-01 59 days 1,701 sqft
    2018-08-01 63 days 1,688 sqft
    2018-09-01 69 days 1,696 sqft
    2018-10-01 73 days 1,671 sqft
    2018-11-01 77 days 1,664 sqft
    2018-12-01 88 days 1,644 sqft
    2019-01-01 102 days 1,632 sqft
    2019-02-01 104 days 1,645 sqft
    2019-03-01 88 days 1,674 sqft
    2019-04-01 65 days 1,683 sqft
    2019-05-01 58 days 1,710 sqft
    2019-06-01 57 days 1,723 sqft
    2019-07-01 59 days 1,729 sqft
    2019-08-01 61 days 1,720 sqft
    2019-09-01 65 days 1,709 sqft
    2019-10-01 67 days 1,697 sqft
    2019-11-01 73 days 1,678 sqft
    2019-12-01 87 days 1,659 sqft
    2020-01-01 96 days 1,678 sqft
    2020-02-01 95 days 1,705 sqft
    2020-03-01 74 days 1,718 sqft
    2020-04-01 83 days 1,731 sqft
    2020-05-01 88 days 1,760 sqft
    2020-06-01 83 days 1,796 sqft
    2020-07-01 53 days 1,790 sqft
    2020-08-01 53 days 1,771 sqft
    2020-09-01 53 days 1,739 sqft
    2020-10-01 56 days 1,711 sqft
    2020-11-01 64 days 1,679 sqft
    2020-12-01 74 days 1,679 sqft
    2021-01-01 87 days 1,676 sqft
    2021-02-01 87 days 1,681 sqft
    2021-03-01 65 days 1,700 sqft
    2021-04-01 44 days 1,704 sqft
    2021-05-01 44 days 1,701 sqft
    2021-06-01 40 days 1,692 sqft
    2021-07-01 39 days 1,632 sqft
    2021-08-01 41 days 1,606 sqft
    2021-09-01 46 days 1,599 sqft
    2021-10-01 50 days 1,585 sqft
    2021-11-01 55 days 1,565 sqft
    2021-12-01 65 days 1,554 sqft
    2022-01-01 78 days 1,560 sqft
    2022-02-01 78 days 1,612 sqft
    2022-03-01 57 days 1,609 sqft
    2022-04-01 39 days 1,627 sqft
    2022-05-01 37 days 1,626 sqft
    2022-06-01 37 days 1,621 sqft
    2022-07-01 39 days 1,626 sqft
    2022-08-01 44 days 1,617 sqft
    2022-09-01 50 days 1,587 sqft
    2022-10-01 54 days 1,573 sqft
    2022-11-01 59 days 1,568 sqft
    2022-12-01 72 days 1,548 sqft
    2023-01-01 86 days 1,542 sqft
    2023-02-01 89 days 1,542 sqft
    2023-03-01 64 days 1,573 sqft
    2023-04-01 46 days 1,602 sqft
    2023-05-01 46 days 1,614 sqft
    2023-06-01 47 days 1,636 sqft
    2023-07-01 47 days 1,632 sqft
    2023-08-01 48 days 1,653 sqft
    2023-09-01 51 days 1,620 sqft
    2023-10-01 51 days 1,608 sqft
    2023-11-01 53 days 1,595 sqft
    2023-12-01 66 days 1,571 sqft
    2024-01-01 79 days 1,571 sqft
    2024-02-01 75 days 1,578 sqft
    2024-03-01 55 days 1,592 sqft
    2024-04-01 51 days 1,610 sqft
    2024-05-01 44 days 1,663 sqft
    2024-06-01 44 days 1,648 sqft
    2024-07-01 46 days 1,607 sqft
    2024-08-01 47 days 1,596 sqft
    2024-09-01 50 days 1,590 sqft
    2024-10-01 52 days 1,570 sqft
    2024-11-01 57 days 1,541 sqft
    Pittsburgh's median listing age (time on market) for 2024-11-01 was 57 days. This is 9% longer than the same period one year ago.

    Pittsburgh's median square footage for active listings during the 2024-11-01 period was 1,541 sqft. One year prior, the average listing was 1,595 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.