Sacramento VA Loan Rates, Closing Costs & Stats

SACRAMENTO-ROSEVILLE-FOLSOM, CA

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 2024-02-23, 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 (2024-02-16) was 6.31% and one month ago for the week of 2024-01-19, the average rate was 5.67%.

The average rate one year ago was 5.78%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.28%.

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 $445,315 (1.2%) $657,100 (-1.9%) 1.65 3,473
2018-02-01 $454,500 (1.0%) $663,764 (-2.8%) 1.65 3,642
2018-03-01 $466,950 (1.7%) $661,180 (-2.0%) 1.64 3,699
2018-04-01 $469,950 (0.2%) $667,141 (0.1%) 1.59 4,217
2018-05-01 $475,000 (0.5%) $661,071 (0.5%) 1.59 4,885
2018-06-01 $469,900 (-0.8%) $656,483 (-1.2%) 1.57 5,512
2018-07-01 $464,625 (1.0%) $657,327 (0.3%) 1.55 5,852
2018-08-01 $459,100 (2.0%) $646,651 (-0.5%) 1.54 6,209
2018-09-01 $449,970 (0.2%) $631,951 (-0.3%) 1.51 6,418
2018-10-01 $449,450 (2.3%) $629,643 (1.7%) 1.52 6,269
2018-11-01 $448,900 (2.0%) $623,807 (-0.2%) 1.52 5,926
2018-12-01 $449,250 (2.3%) $627,411 (-2.8%) 1.55 5,134
2019-01-01 $449,975 (1.1%) $639,743 (-2.6%) 1.55 4,391
2019-02-01 $462,039 (1.7%) $650,461 (-2.0%) 1.56 4,200
2019-03-01 $476,371 (2.0%) $660,331 (-0.1%) 1.56 4,274
2019-04-01 $487,000 (3.6%) $662,222 (-0.7%) 1.55 4,493
2019-05-01 $492,500 (3.7%) $661,563 (0.1%) 1.54 5,147
2019-06-01 $501,000 (6.6%) $684,248 (4.2%) 1.57 5,594
2019-07-01 $499,250 (7.5%) $678,634 (3.2%) 1.56 5,845
2019-08-01 $495,545 (7.9%) $677,441 (4.8%) 1.57 5,802
2019-09-01 $489,614 (8.8%) $675,637 (6.9%) 1.57 5,690
2019-10-01 $485,659 (8.1%) $676,087 (7.4%) 1.57 5,531
2019-11-01 $487,000 (8.5%) $684,707 (9.8%) 1.60 4,834
2019-12-01 $495,000 (10.2%) $763,837 (21.7%) 1.65 3,688
2020-01-01 $492,450 (9.4%) $706,204 (10.4%) 1.65 3,269
2020-02-01 $499,000 (8.0%) $711,476 (9.4%) 1.63 3,244
2020-03-01 $506,750 (6.4%) $691,843 (4.8%) 1.59 3,554
2020-04-01 $499,066 (2.5%) $676,655 (2.2%) 1.56 3,986
2020-05-01 $507,764 (3.1%) $694,863 (5.0%) 1.54 4,194
2020-06-01 $516,631 (3.1%) $702,905 (2.7%) 1.52 3,947
2020-07-01 $525,000 (5.2%) $719,968 (6.1%) 1.52 3,337
2020-08-01 $525,000 (5.9%) $754,722 (11.4%) 1.50 2,949
2020-09-01 $539,944 (10.3%) $842,120 (24.6%) 1.55 2,937
2020-10-01 $545,000 (12.2%) $808,671 (19.6%) 1.56 2,896
2020-11-01 $551,166 (13.2%) $850,312 (24.2%) 1.61 2,560
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%) $932,013 (37.7%) 1.56 1,887
2021-05-01 $585,000 (15.2%) $890,788 (28.2%) 1.55 2,016
2021-06-01 $593,500 (14.9%) $868,575 (23.6%) 1.56 2,347
2021-07-01 $595,000 (13.3%) $858,998 (19.3%) 1.57 2,781
2021-08-01 $585,000 (11.4%) $859,295 (13.9%) 1.56 2,960
2021-09-01 $589,000 (9.1%) $860,115 (2.1%) 1.57 2,956
2021-10-01 $594,200 (9.0%) $872,687 (7.9%) 1.58 2,928
2021-11-01 $592,450 (7.5%) $907,471 (6.7%) 1.58 2,398
2021-12-01 $597,000 (8.7%) $926,201 (4.4%) 1.62 1,766
2022-01-01 $619,900 (9.7%) $944,041 (-1.7%) 1.68 1,475
2022-02-01 $628,250 (14.2%) $938,074 (-1.2%) 1.63 1,532
2022-03-01 $629,450 (15.0%) $902,169 (-0.6%) 1.58 1,767
2022-04-01 $649,000 (13.0%) $898,221 (-3.6%) 1.55 2,105
2022-05-01 $649,500 (11.0%) $906,068 (1.7%) 1.48 3,073
2022-06-01 $643,500 (8.4%) $885,829 (2.0%) 1.43 3,805
2022-07-01 $629,900 (5.9%) $886,138 (3.2%) 1.42 4,655
2022-08-01 $614,700 (5.1%) $913,346 (6.3%) 1.42 4,757
2022-09-01 $600,000 (1.9%) $855,094 (-0.6%) 1.40 4,476
2022-10-01 $599,000 (0.8%) $835,557 (-4.3%) 1.41 4,374
2022-11-01 $589,995 (-0.4%) $836,290 (-7.8%) 1.42 3,987
2022-12-01 $587,450 (-1.6%) $852,272 (-8.0%) 1.45 3,212
2023-01-01 $594,625 (-4.1%) $861,508 (-8.7%) 1.47 2,647
2023-02-01 $606,442 (-3.5%) $892,596 (-4.9%) 1.46 2,265
2023-03-01 $627,000 (-0.4%) $923,724 (2.4%) 1.48 2,024
2023-04-01 $660,000 (1.7%) $939,529 (4.6%) 1.53 1,943
2023-05-01 $662,875 (2.1%) $927,854 (2.4%) 1.50 2,234
2023-06-01 $679,322 (5.6%) $1,013,620 (14.4%) 1.53 2,535
2023-07-01 $675,993 (7.3%) $1,052,697 (18.8%) 1.54 2,789
2023-08-01 $672,473 (9.4%) $1,033,280 (13.1%) 1.54 2,885
2023-09-01 $650,000 (8.3%) $1,009,080 (18.0%) 1.51 2,952
2023-10-01 $649,000 (8.4%) $990,303 (18.5%) 1.53 3,063
2023-11-01 $632,000 (7.1%) $987,568 (18.1%) 1.50 2,969
2023-12-01 $625,000 (6.4%) $1,034,322 (21.4%) 1.52 2,585
Sacramento's median listing price for 2023-12-01 was $625,000, a difference of $37,550 (6.4%) versus the prior year and $-7,000 versus the prior month.

Sacramento's median listing price comes in at 152% of the national average.

Sacramento's average listing price for 2023-12-01 was $1,034,322, a difference of $182,050 (21.4%) versus the prior year and $46,754 versus the prior month.

For the 2023-12-01 period, Sacramento had 2,585 MLS listings, a difference of -384 listings (-13%) versus the prior month and -627 listings (-20%) 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 1,836 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 1,900 sqft
2018-06-01 33 days 1,892 sqft
2018-07-01 37 days 1,870 sqft
2018-08-01 38 days 1,866 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 1,835 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 1,926 sqft
2019-05-01 35 days 1,939 sqft
2019-06-01 37 days 1,998 sqft
2019-07-01 43 days 1,977 sqft
2019-08-01 47 days 1,963 sqft
2019-09-01 52 days 1,938 sqft
2019-10-01 57 days 1,929 sqft
2019-11-01 61 days 1,924 sqft
2019-12-01 73 days 1,948 sqft
2020-01-01 68 days 1,921 sqft
2020-02-01 43 days 1,924 sqft
2020-03-01 41 days 1,946 sqft
2020-04-01 43 days 1,914 sqft
2020-05-01 49 days 1,950 sqft
2020-06-01 46 days 1,959 sqft
2020-07-01 50 days 1,939 sqft
2020-08-01 36 days 1,931 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 1,820 sqft
2021-07-01 28 days 1,808 sqft
2021-08-01 30 days 1,793 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 1,755 sqft
2022-01-01 40 days 1,797 sqft
2022-02-01 25 days 1,800 sqft
2022-03-01 24 days 1,815 sqft
2022-04-01 24 days 1,849 sqft
2022-05-01 24 days 1,847 sqft
2022-06-01 29 days 1,841 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 1,810 sqft
2022-11-01 51 days 1,807 sqft
2022-12-01 63 days 1,811 sqft
2023-01-01 67 days 1,827 sqft
2023-02-01 51 days 1,859 sqft
2023-03-01 43 days 1,905 sqft
2023-04-01 35 days 1,997 sqft
2023-05-01 31 days 1,981 sqft
2023-06-01 33 days 2,011 sqft
2023-07-01 36 days 1,993 sqft
2023-08-01 37 days 1,967 sqft
2023-09-01 37 days 1,931 sqft
2023-10-01 42 days 1,900 sqft
2023-11-01 45 days 1,870 sqft
2023-12-01 52 days 1,851 sqft
Sacramento's median listing age (time on market) for 2023-12-01 was 52 days. This is -17% shorter than the same period one year ago.

Sacramento's median square footage for active listings during the 2023-12-01 period was 1,851 sqft. One year prior, the average listing was 1,811 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.