Sacramento VA Loan Rates, Closing Costs & Stats

SACRAMENTO-ROSEVILLE-FOLSOM, CA

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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.

    Sacramento's 157 lenders originated 3,120 VA loans during 2022. The total origination value was $1,600,680,000, with an average VA loan value of $513,038.

    Sacramento VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sacramento averaged -0.57% for the week of 2023-06-02, compared to the national average (all VA variants) of 0% for the same period.

    Sacramento's average VA mortgage closing costs are $7,244.

    The average rate for the prior week (2023-05-26) was 5.87% and one month ago for the week of 2023-04-28, the average rate was 5.72%.

    The average rate one year ago was 4.58%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.68%.

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

    Sacramento 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 Sacramento level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 617 3.98% $10,872
    QUICKEN LOANS, LLC 221 3.94% $13,680
    Mortgage Research Center, LLC 191 4.79% $11,184
    FREEDOM MORTGAGE CORPORATION 146 3.83% $13,348
    LOANDEPOT.COM, LLC 142 3.86% $12,661
    PENNYMAC LOAN SERVICES, LLC 108 3.31% $12,224
    AMERICAN PACIFIC MORTGAGE CORPORATION 107 4.28% $13,758
    HOME POINT FINANCIAL CORPORATION 102 3.78% $11,728
    NAVY FEDERAL CREDIT UNION 74 3.91% $12,172
    GUILD MORTGAGE COMPANY 61 4.28% $14,801
    CALIBER HOME LOANS, INC. 59 4.14% $13,184
    FINANCE OF AMERICA MORTGAGE LLC 50 3.95% $8,895
    The Federal Savings Bank 49 4.40% $19,420
    MOVEMENT MORTGAGE, LLC 47 4.53% $15,015
    EAGLE HOME MORTGAGE, LLC 46 3.99% $10,717
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 4.79% $14,244
    CROSSCOUNTRY MORTGAGE, LLC 38 4.53% $17,786
    NEW DAY FINANCIAL, LLC 37 4.75% $14,439
    Flagstar Bank, FSB 30 4.01% $10,878
    GUARANTEED RATE AFFINITY, LLC 30 4.25% $9,451
    CLEARPATH LENDING 28 3.33% $13,065
    USAA Federal Savings Bank 27 4.04% $14,589
    DHI MORTGAGE COMPANY, LTD. 27 4.23% $13,588
    SUMMIT FUNDING, INC. 26 4.81% $13,450
    Mr. Cooper ( Nationstar Mortgage ) 24 3.70% $10,741
    Paramount Residential Mortgage Group, Inc. 21 4.63% $11,680
    CMG MORTGAGE, INC. 21 4.15% $11,357
    KBHS HOME LOANS, LLC 20 4.08% $14,565
    Hometown Lenders, Inc. 19 4.89% $13,176
    PREMIER MORTGAGE RESOURCES, L.L.C. 19 4.48% $13,322
    Sierra Pacific Mortgage Company, Inc. 19 3.82% $11,540
    AMERISAVE MORTGAGE CORPORATION 18 3.83% $12,145
    South Pacific Financial Corporation 17 4.32% $15,494
    Wells Fargo Bank 17 3.93% $5,971
    LAKEVIEW LOAN SERVICING, LLC 16 3.00% $7,817
    CARDINAL FINANCIAL 16 4.19% $20,765
    FBC MORTGAGE, LLC 15 4.06% $10,510
    PENTAGON FEDERAL CREDIT UNION 15 3.40% $12,063
    S1L, Inc. 13 4.38% $17,225
    HOMEAMERICAN MORTGAGE CORPORATION 13 3.84% $6,953
    NATIONS DIRECT MORTGAGE, LLC 12 3.72% $14,776
    VILLAGE CAPITAL MORTGAGE 12 3.98% $15,632
    GUARANTEED RATE, INC. 12 3.68% $9,722
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 4.16% $12,063
    BROKER SOLUTIONS, INC. 11 4.47% $12,632
    U.S. Bank 10 4.30% $11,964
    CANOPY MORTGAGE, LLC 10 4.80% $10,832
    Barrington Bank & Trust Company, N.A. 9 4.67% $12,713
    PLANET HOME LENDING, LLC 9 2.94% $9,307
    Lakeview Community Capital, LLC 9 3.00% $6,975
    NEWREZ LLC 9 4.79% $16,976
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 9 4.08% $11,955
    Century Mortgage Company DBA Century Lending Company 8 5.09% $13,450
    LOANPAL, LLC 8 3.56% $11,215
    ALAMEDA MORTGAGE CORPORATION 8 3.81% $18,289
    Plains Commerce Bank 8 4.05% $15,451
    EVERETT FINANCIAL, INC. 8 4.61% $13,552
    Strong Home Mortgage, LLC 7 3.02% $9,604
    PACIFIC RESIDENTIAL MORTGAGE, LLC 7 4.64% $16,709
    PLAZA HOME MORTGAGE, INC. 7 4.36% $16,158
    NETWORK CAPITAL FUNDING CORPORATION 7 3.52% $5,544
    Texana Bank 7 3.21% $16,575
    SUN WEST MORTGAGE COMPANY, INC. 6 3.65% $12,004
    Carrington Mortgage Services, LLC 6 4.13% $11,909
    MASON MCDUFFIE MORTGAGE CORPORATION 6 4.60% $18,236
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 6 4.79% $7,815
    RESIDENTIAL BANCORP. 6 4.52% $8,268
    Magnolia Bank 5 4.63% $18,111
    Equity Prime Mortgage LLC 5 4.43% $12,731
    HOMEOWNERS FINANCIAL GROUP USA, LLC 5 4.63% $11,169
    Ameris Bank 5 4.08% $6,860
    LADERA LENDING, INC. 5 4.83% $8,543
    Sunflower Bank 4 3.15% $8,557
    Armed Forces Bank 4 3.25% $2,641
    BAY EQUITY LLC 4 4.93% $10,562
    CORNERSTONE HOME LENDING, INC. 4 4.88% $11,990
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 5.28% $7,809
    GENEVA FINANCIAL, LLC 4 4.53% $22,795
    Low VA Rates, LLC 4 3.53% $21,629
    MUTUAL OF OMAHA MORTGAGE, INC. 4 4.50% $13,574
    North American Savings Bank, F.S.B. 4 4.41% $8,310
    SOVEREIGN LENDING GROUP INCORPORATED 4 4.31% $13,587
    TJC Mortgage, Inc. 4 2.94% $11,899
    Umpqua Bank 4 3.50% $12,876
    VERITAS FUNDING, LLC 4 5.03% $23,115
    Wyndham Capital Mortgage, Inc. 4 3.22% $6,066
    Amerifirst Financial, Inc. 3 5.25% $15,708
    Golden Empire Mortgage, Inc. 3 4.63% $6,281
    DATA MORTGAGE, INC. 3 4.75% $10,666
    MORTGAGEONE, INC. 3 6.42% $19,084
    TRAVIS CREDIT UNION 3 3.50% $3,909
    NFM, INC. 3 5.50% $11,545
    UNION HOME MORTGAGE CORP. 3 3.50% $10,457
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.29% $4,518
    JPMorgan Chase Bank 3 3.04% $8,174
    JMAC LENDING, INC. 3 5.29% $10,092
    LAND HOME FINANCIAL SERVICES, INC. 3 3.66% $11,486
    Mutual Federal Bank 3 4.83% $7,870
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 4.91% $9,495
    Commerce Home Mortgage, Inc. 3 4.00% $11,493
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.33% $20,284
    MOUNTAIN WEST FINANCIAL, INC. 3 3.54% $11,394
    HOMESIDE FINANCIAL, LLC 3 3.75% $16,760
    CHERRY CREEK MORTGAGE, LLC 3 4.38% $3,782
    BNC National Bank 3 2.33% $15,226
    NBKC BANK 3 3.67% $23,948
    ENVOY MORTGAGE, LTD 3 4.42% $6,436
    Hometown Equity Mortgage, LLC 2 3.63% $21,369
    ACADEMY MORTGAGE CORPORATION 2 5.50% $13,229
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.37% $59,936
    DIRECTORS MORTGAGE, INC. 2 6.13% $20,472
    INTERCAP LENDING INC. 2 3.25% $3,786
    THRIVE MORTGAGE, LLC 2 5.50% $11,843
    Watermark Capital, Inc. 2 2.87% $3,843
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.69% $18,464
    First Federal Bank 2 6.13% $16,073
    EMM LOANS LLC 2 5.06% $12,957
    BEST CAPITAL FUNDING 2 3.56% $17,398
    BELEM SERVICING LLC 2 3.50% $11,544
    TOWNE MORTGAGE COMPANY 1 4.13% $21,455
    AMCAP MORTGAGE, LTD. 1 3.25% $7,630
    LEADERONE FINANCIAL CORPORATION 1 4.63% $20,673
    LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $21,899
    JET DIRECT FUNDING CORP 1 3.13% $2,956
    Servion, Inc. 1 4.50% $3,477
    MICHIGAN MUTUAL, INC. 1 6.63% $5,605
    HOMESTEAD FUNDING CORP. 1 5.00% $2,805
    HOME MORTGAGE ALLIANCE, LLC 1 2.88% $17,100
    GUARANTY HOME MORTGAGE CORPORATION 1 4.75% $5,584
    Nations Lending Corporation 1 2.50% $1,081
    NATIONWIDE MORTGAGE BANKERS, INC. 1 5.25% $14,112
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.99% $4,122
    First Guaranty Mortgage Corporation 1 2.25% $5,182
    ZILLOW HOME LOANS, LLC 1 3.88% $6,515
    Northpointe Bank 1 5.50% $28,758
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.25% $21,968
    NP, Inc. 1 4.75% $6,564
    OCMBC, INC. 1 4.13% $3,368
    Pacific Lending LLC 1 5.50% $7,979
    First Bank 1 5.25% $4,268
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.13% $13,592
    DAS Acquisition Company, LLC 1 7.63% $11,294
    PLUS RELOCATION MORTGAGE, LLC 1 6.75% $49,008
    PREMIA MORTGAGE, LLC 1 4.75% $13,734
    Credence Funding Corporation 1 3.13% $5,139
    Cornerstone First Mortgage, Inc 1 3.25% $25,478
    RELIANCE FIRST CAPITAL, LLC 1 4.88% $14,821
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.50% $2,868
    CHURCHILL MORTGAGE CORPORATION 1 4.25% $8,236
    iCore Lending, Inc. 1 4.88% $12,991
    SOUTHWEST STAGE FUNDING, LLC 1 5.63% $11,509
    AMERICAN FINANCING CORPORATION 1 3.13% $17,852
    ST FIN CORP 1 4.99% $16,621
    BECKAM FUNDING CORP. 1 2.99% $13,572
    Bank of England 1 3.88% $20,861
    AXIA FINANCIAL, LLC 1 4.99% $25,454
    TOP FLITE FINANCIAL, INC. 1 5.25% $24,581

    The top Sacramento VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 617 VA loans originated. Their average total fees are $10,872, which is $2,808 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Sacramento VA lenders (with over 10 loans originated) are Wells Fargo Bank ($5,971), HOMEAMERICAN MORTGAGE CORPORATION ($6,953), LAKEVIEW LOAN SERVICING, LLC ($7,817), FINANCE OF AMERICA MORTGAGE LLC ($8,895) and GUARANTEED RATE AFFINITY, LLC ($9,451).

    The lowest rate Sacramento VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.00%), PENNYMAC LOAN SERVICES, LLC (3.31%), CLEARPATH LENDING (3.33%), PENTAGON FEDERAL CREDIT UNION (3.40%) and GUARANTEED RATE, INC. (3.68%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sacramento (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 $445,630 (1.4%) $657,184 (-1.8%) 1.65 3,470
    2018-02-01 $454,500 (1.0%) $663,867 (-2.7%) 1.65 3,639
    2018-03-01 $467,000 (1.7%) $661,259 (-2.0%) 1.64 3,696
    2018-04-01 $469,950 (0.2%) $667,218 (0.1%) 1.59 4,214
    2018-05-01 $475,000 (0.5%) $661,387 (0.6%) 1.59 4,879
    2018-06-01 $469,900 (-0.8%) $656,751 (-1.1%) 1.57 5,506
    2018-07-01 $464,950 (1.1%) $657,857 (0.3%) 1.55 5,846
    2018-08-01 $459,950 (2.2%) $647,221 (-0.4%) 1.54 6,200
    2018-09-01 $449,999 (0.2%) $632,432 (-0.2%) 1.51 6,413
    2018-10-01 $449,450 (2.3%) $629,941 (1.8%) 1.52 6,265
    2018-11-01 $448,984 (2.1%) $624,016 (-0.1%) 1.52 5,923
    2018-12-01 $449,500 (2.4%) $627,499 (-2.8%) 1.55 5,133
    2019-01-01 $449,975 (1.0%) $639,764 (-2.7%) 1.55 4,390
    2019-02-01 $462,039 (1.7%) $650,504 (-2.0%) 1.56 4,199
    2019-03-01 $476,371 (2.0%) $660,380 (-0.1%) 1.56 4,273
    2019-04-01 $487,000 (3.6%) $662,278 (-0.7%) 1.55 4,491
    2019-05-01 $492,500 (3.7%) $661,526 (0.0%) 1.54 5,146
    2019-06-01 $502,163 (6.9%) $684,750 (4.3%) 1.57 5,591
    2019-07-01 $499,353 (7.4%) $679,462 (3.3%) 1.56 5,844
    2019-08-01 $495,695 (7.8%) $678,336 (4.8%) 1.57 5,800
    2019-09-01 $489,679 (8.8%) $676,530 (7.0%) 1.57 5,689
    2019-10-01 $485,668 (8.1%) $676,975 (7.5%) 1.57 5,529
    2019-11-01 $488,000 (8.7%) $685,687 (9.9%) 1.60 4,833
    2019-12-01 $495,000 (10.1%) $764,076 (21.8%) 1.65 3,685
    2020-01-01 $492,450 (9.4%) $706,427 (10.4%) 1.65 3,266
    2020-02-01 $499,000 (8.0%) $711,703 (9.4%) 1.64 3,242
    2020-03-01 $506,750 (6.4%) $691,940 (4.8%) 1.59 3,552
    2020-04-01 $499,066 (2.5%) $676,741 (2.2%) 1.56 3,984
    2020-05-01 $507,901 (3.1%) $694,950 (5.1%) 1.54 4,193
    2020-06-01 $516,631 (2.9%) $703,038 (2.7%) 1.52 3,946
    2020-07-01 $525,000 (5.1%) $720,155 (6.0%) 1.52 3,336
    2020-08-01 $525,000 (5.9%) $754,722 (11.3%) 1.50 2,950
    2020-09-01 $539,950 (10.3%) $842,386 (24.5%) 1.55 2,938
    2020-10-01 $545,000 (12.2%) $808,671 (19.5%) 1.56 2,896
    2020-11-01 $551,553 (13.0%) $850,357 (24.0%) 1.61 2,561
    2020-12-01 $549,000 (10.9%) $886,866 (16.1%) 1.63 1,998
    2021-01-01 $565,000 (14.7%) $960,500 (36.0%) 1.69 1,582
    2021-02-01 $549,995 (10.2%) $949,386 (33.4%) 1.60 1,568
    2021-03-01 $547,450 (8.0%) $907,130 (31.1%) 1.55 1,681
    2021-04-01 $574,500 (15.1%) $932,111 (37.7%) 1.56 1,887
    2021-05-01 $585,000 (15.2%) $890,971 (28.2%) 1.56 2,017
    2021-06-01 $593,500 (14.9%) $869,011 (23.6%) 1.56 2,346
    2021-07-01 $595,500 (13.4%) $859,341 (19.3%) 1.57 2,782
    2021-08-01 $585,450 (11.5%) $859,539 (13.9%) 1.56 2,961
    2021-09-01 $589,000 (9.1%) $860,263 (2.1%) 1.57 2,957
    2021-10-01 $594,400 (9.1%) $873,023 (8.0%) 1.59 2,929
    2021-11-01 $592,474 (7.4%) $907,614 (6.7%) 1.58 2,399
    2021-12-01 $597,000 (8.7%) $926,347 (4.5%) 1.62 1,767
    2022-01-01 $619,900 (9.7%) $944,041 (-1.7%) 1.68 1,476
    2022-02-01 $628,125 (14.2%) $938,068 (-1.2%) 1.63 1,532
    2022-03-01 $629,475 (15.0%) $902,828 (-0.5%) 1.58 1,767
    2022-04-01 $649,000 (13.0%) $899,087 (-3.5%) 1.55 2,106
    2022-05-01 $649,500 (11.0%) $905,800 (1.7%) 1.48 3,072
    2022-06-01 $643,500 (8.4%) $885,596 (1.9%) 1.43 3,804
    2022-07-01 $629,900 (5.8%) $885,931 (3.1%) 1.42 4,654
    2022-08-01 $614,675 (5.0%) $912,213 (6.1%) 1.42 4,756
    2022-09-01 $600,000 (1.9%) $854,083 (-0.7%) 1.40 4,475
    2022-10-01 $599,000 (0.8%) $834,492 (-4.4%) 1.41 4,372
    2022-11-01 $589,995 (-0.4%) $836,180 (-7.9%) 1.42 3,987
    2022-12-01 $588,125 (-1.5%) $852,272 (-8.0%) 1.45 3,212
    2023-01-01 $595,250 (-4.0%) $861,436 (-8.8%) 1.48 2,648
    2023-02-01 $606,463 (-3.5%) $892,474 (-4.9%) 1.46 2,266
    2023-03-01 $627,000 (-0.4%) $920,999 (2.0%) 1.48 2,024
    2023-04-01 $660,000 (1.7%) $939,401 (4.5%) 1.53 1,944
    2023-05-01 $662,875 (2.1%) $927,784 (2.4%) 1.50 2,234
    Sacramento's median listing price for 2023-05-01 was $662,875, a difference of $13,375 (2.1%) versus the prior year and $2,875 versus the prior month.

    Sacramento's median listing price comes in at 150% of the national average.

    Sacramento's average listing price for 2023-05-01 was $927,784, a difference of $21,984 (2.4%) versus the prior year and $-11,617 versus the prior month.

    For the 2023-05-01 period, Sacramento had 2,234 MLS listings, a difference of 290 listings (15%) versus the prior month and -838 listings (-27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sacramento (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 52 days 1,837 sqft
    2018-02-01 36 days 1,875 sqft
    2018-03-01 33 days 1,889 sqft
    2018-04-01 32 days 1,892 sqft
    2018-05-01 30 days 1,901 sqft
    2018-06-01 33 days 1,892 sqft
    2018-07-01 37 days 1,870 sqft
    2018-08-01 38 days 1,867 sqft
    2018-09-01 41 days 1,838 sqft
    2018-10-01 46 days 1,835 sqft
    2018-11-01 50 days 1,843 sqft
    2018-12-01 58 days 1,836 sqft
    2019-01-01 63 days 1,839 sqft
    2019-02-01 49 days 1,860 sqft
    2019-03-01 41 days 1,898 sqft
    2019-04-01 37 days 1,927 sqft
    2019-05-01 35 days 1,939 sqft
    2019-06-01 37 days 2,000 sqft
    2019-07-01 43 days 1,977 sqft
    2019-08-01 47 days 1,964 sqft
    2019-09-01 52 days 1,939 sqft
    2019-10-01 57 days 1,930 sqft
    2019-11-01 61 days 1,925 sqft
    2019-12-01 73 days 1,949 sqft
    2020-01-01 68 days 1,922 sqft
    2020-02-01 43 days 1,925 sqft
    2020-03-01 41 days 1,947 sqft
    2020-04-01 43 days 1,915 sqft
    2020-05-01 49 days 1,950 sqft
    2020-06-01 46 days 1,959 sqft
    2020-07-01 50 days 1,940 sqft
    2020-08-01 36 days 1,932 sqft
    2020-09-01 35 days 1,925 sqft
    2020-10-01 35 days 1,913 sqft
    2020-11-01 38 days 1,903 sqft
    2020-12-01 44 days 1,877 sqft
    2021-01-01 48 days 1,892 sqft
    2021-02-01 31 days 1,833 sqft
    2021-03-01 26 days 1,795 sqft
    2021-04-01 26 days 1,859 sqft
    2021-05-01 27 days 1,833 sqft
    2021-06-01 26 days 1,821 sqft
    2021-07-01 28 days 1,808 sqft
    2021-08-01 30 days 1,792 sqft
    2021-09-01 33 days 1,791 sqft
    2021-10-01 33 days 1,774 sqft
    2021-11-01 37 days 1,757 sqft
    2021-12-01 43 days 1,756 sqft
    2022-01-01 40 days 1,798 sqft
    2022-02-01 25 days 1,800 sqft
    2022-03-01 24 days 1,814 sqft
    2022-04-01 24 days 1,849 sqft
    2022-05-01 24 days 1,847 sqft
    2022-06-01 29 days 1,840 sqft
    2022-07-01 32 days 1,829 sqft
    2022-08-01 39 days 1,804 sqft
    2022-09-01 45 days 1,822 sqft
    2022-10-01 47 days 1,809 sqft
    2022-11-01 51 days 1,807 sqft
    2022-12-01 63 days 1,811 sqft
    2023-01-01 67 days 1,826 sqft
    2023-02-01 51 days 1,859 sqft
    2023-03-01 43 days 1,904 sqft
    2023-04-01 35 days 1,997 sqft
    2023-05-01 31 days 1,985 sqft
    Sacramento's median listing age (time on market) for 2023-05-01 was 31 days. This is 27% longer than the same period one year ago.

    Sacramento's median square footage for active listings during the 2023-05-01 period was 1,985 sqft. One year prior, the average listing was 1,847 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.