San Francisco VA Loan Rates, Closing Costs & Stats

San Francisco-Oakland-Berkeley, 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.

San Francisco's 178 lenders originated 4,495 VA loans during 2021. The total origination value was $2,822,485,000, with an average VA loan value of $627,917.

San Francisco VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in San Francisco averaged 0.28% for the week of 2023-01-20, compared to the national average (all VA variants) of 0% for the same period.

San Francisco's average VA mortgage closing costs are $8,998.

The average rate for the prior week (2023-01-13) was 6.36% and one month ago for the week of 2022-12-16, the average rate was 6.23%.

The average rate one year ago was 3.44%.

For refis of the same type during the week of 2023-01-20, the average rate was 0.25%.

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

San Francisco 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 San Francisco level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 535 2.38% $6,589
FREEDOM MORTGAGE CORPORATION 355 2.34% $4,849
PENNYMAC LOAN SERVICES, LLC 289 2.28% $9,530
UNITED WHOLESALE MORTGAGE, LLC 288 2.47% $10,742
LOANDEPOT.COM, LLC 273 2.39% $6,895
Mortgage Research Center, LLC 192 2.79% $12,970
CALIBER HOME LOANS, INC. 153 2.45% $8,597
HOME POINT FINANCIAL CORPORATION 144 2.37% $7,658
AMERICAN PACIFIC MORTGAGE CORPORATION 89 2.68% $13,204
VILLAGE CAPITAL MORTGAGE 86 2.25% $8,259
NAVY FEDERAL CREDIT UNION 73 2.39% $12,697
LAKEVIEW LOAN SERVICING, LLC 71 2.42% $3,978
CROSSCOUNTRY MORTGAGE, LLC 68 2.64% $13,600
GUARANTEED RATE, INC. 64 2.45% $8,486
The Federal Savings Bank 61 2.40% $9,119
CLEARPATH LENDING 49 2.29% $7,437
AMERICAN FINANCIAL NETWORK, INC. 47 2.51% $17,941
CMG MORTGAGE, INC. 39 2.60% $20,620
HOMEBRIDGE FINANCIAL SERVICES, INC. 37 2.60% $13,285
Mr. Cooper ( Nationstar Mortgage ) 36 2.51% $6,777
NEWREZ LLC 35 2.59% $7,254
NEW DAY FINANCIAL, LLC 33 2.75% $14,858
FINANCE OF AMERICA MORTGAGE LLC 30 2.63% $6,949
Wells Fargo Bank 30 2.63% $8,090
PLANET HOME LENDING, LLC 29 2.45% $4,801
BROKER SOLUTIONS, INC. 28 2.46% $7,623
Lakeview Community Capital, LLC 28 2.38% $4,373
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 2.75% $14,079
GUILD MORTGAGE COMPANY 28 2.55% $6,691
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 27 2.60% $15,778
LENDUS, LLC 27 2.68% $9,704
Commerce Home Mortgage, Inc. 26 3.00% $14,185
USAA Federal Savings Bank 25 2.86% $6,781
PLAZA HOME MORTGAGE, INC. 25 2.49% $5,989
PENTAGON FEDERAL CREDIT UNION 24 2.37% $3,650
AMERISAVE MORTGAGE CORPORATION 23 2.46% $6,771
Flagstar Bank, FSB 21 2.54% $11,475
Barrington Bank & Trust Company, N.A. 20 2.62% $10,177
North American Savings Bank, F.S.B. 19 2.40% $7,686
GUARANTEED RATE AFFINITY, LLC 19 2.46% $6,088
MASON MCDUFFIE MORTGAGE CORPORATION 18 2.63% $13,694
STEARNS LENDING, LLC 17 2.55% $7,115
Paramount Residential Mortgage Group, Inc. 16 2.69% $12,393
MUTUAL OF OMAHA MORTGAGE, INC. 16 2.45% $9,371
SUN WEST MORTGAGE COMPANY, INC. 15 2.36% $6,674
Carrington Mortgage Services, LLC 15 2.84% $9,013
InterContinental Capital Group, Inc 14 2.36% $5,055
NBKC BANK 13 2.52% $7,249
SUMMIT FUNDING, INC. 13 2.81% $17,826
NP, Inc. 12 2.38% $6,220
First Guaranty Mortgage Corporation 12 2.29% $6,135
LOANPAL, LLC 12 2.41% $9,895
DHI MORTGAGE COMPANY, LTD. 11 2.59% $11,839
BAY EQUITY LLC 10 2.73% $10,790
Strong Home Mortgage, LLC 10 2.38% $6,753
NETWORK CAPITAL FUNDING CORPORATION 10 2.40% $5,141
U.S. Bank 9 2.65% $12,607
Low VA Rates, LLC 9 2.18% $6,793
PULTE MORTGAGE LLC 9 2.85% $8,861
Magnolia Bank 9 2.44% $11,640
BNC National Bank 9 2.26% $11,864
SOVEREIGN LENDING GROUP INCORPORATED 9 2.46% $5,955
Prime Choice Funding Inc. 8 2.31% $3,013
South Pacific Financial Corporation 8 2.69% $20,975
KBHS HOME LOANS, LLC 8 2.88% $4,479
CELEBRITY HOME LOANS, LLC 7 2.64% $10,710
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 2.46% $16,642
ACCELERATE MORTGAGE, LLC 6 2.33% $7,791
Sierra Pacific Mortgage Company, Inc. 6 2.63% $13,253
OCMBC, INC. 6 2.46% $9,502
EVERETT FINANCIAL, INC. 6 2.73% $12,696
Paramount Bank 5 2.48% $22,768
Nations Lending Corporation 5 2.60% $10,861
PREMIER LENDING, INC. 5 2.68% $17,050
ENVOY MORTGAGE, LTD 5 2.88% $20,569
KS StateBank 5 2.28% $3,543
Wyndham Capital Mortgage, Inc. 5 2.58% $2,532
First Federal Bank 5 2.78% $28,869
Hometown Equity Mortgage, LLC 4 2.63% $14,521
DRAPER AND KRAMER MORTGAGE CORP. 4 2.94% $13,027
FBC MORTGAGE, LLC 4 2.47% $6,896
TJC Mortgage, Inc. 4 2.34% $21,710
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.81% $10,511
IMPAC MORTGAGE CORP. 4 2.44% $34,942
INTERCAP LENDING INC. 4 2.63% $13,390
Platinum Home Mortgage Corporation 4 2.81% $7,315
MOVEMENT MORTGAGE, LLC 4 2.78% $12,626
MUFG Union Bank 3 2.38% $6,409
LAND HOME FINANCIAL SERVICES, INC. 3 3.16% $9,569
INTELLILOAN, INC. 3 2.67% $2,548
Century Mortgage Company DBA Century Lending Company 3 2.42% $1,952
CHURCHILL MORTGAGE CORPORATION 3 2.25% $9,740
PHH Mortgage Corporation 3 2.63% $7,403
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.04% $22,198
Prosperity Home Mortgage, LLC 3 2.58% $6,159
Golden Empire Mortgage, Inc. 3 2.96% $15,847
First Bank 3 2.46% $7,391
Capital Bank 3 2.29% $3,868
Equity Prime Mortgage LLC 3 3.04% $5,368
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 3 3.08% $6,070
NATIONWIDE MORTGAGE BANKERS, INC. 2 2.81% $23,885
ALAMEDA MORTGAGE CORPORATION 2 2.96% $13,142
AMERICAN FINANCING CORPORATION 2 2.69% $3,077
AmeriHome Mortgage Company, LLC 2 2.75% $3,479
Ameris Bank 2 2.56% $13,332
Armed Forces Bank 2 2.31% $3,059
Bank of England 2 2.25% $21,793
CALCON MUTUAL MORTGAGE LLC 2 2.50% $12,984
CALCULATED RISK ANALYTICS LLC 2 2.56% $8,086
Community First National Bank 2 2.57% $2,446
First Federal Bank of Kansas City 2 2.44% $7,285
First Home Bank 2 2.50% $4,647
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 3.00% $5,136
INSPIRE HOME LOANS INC. 2 2.63% $35,006
LADERA LENDING, INC. 2 2.63% $18,580
LEADERONE FINANCIAL CORPORATION 2 2.37% $14,005
LIBERTY HOME MORTGAGE CORPORATION 2 2.50% $22,487
Meridian Bank Corporation 2 2.25% $5,089
MID AMERICA MORTGAGE, INC. 2 2.38% $1,752
MORTGAGEONE, INC. 2 2.75% $12,714
NATIONS DIRECT MORTGAGE, LLC 2 2.25% $11,410
PREMIER MORTGAGE RESOURCES, L.L.C. 2 2.56% $4,512
RELIANCE FIRST CAPITAL, LLC 2 2.81% $26,032
Shea Mortgage Inc. 2 2.50% $10,253
SIRVA MORTGAGE, INC. 2 2.81% $3,222
S&S Financial 2 2.31% $6,310
SUNSTREET MORTGAGE, LLC 2 3.13% $8,668
THRIVE MORTGAGE, LLC 2 3.06% $17,328
TRAVIS CREDIT UNION 2 2.75% $14,025
Umpqua Bank 2 2.56% $7,085
Watermark Capital, Inc. 2 2.25% $4,720
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 2.40% $5,683
Peoples Bank 1 3.25% $18,180
Mid-Continent Funding, Inc. 1 2.75% $29,148
Loan Simple, Inc. 1 2.25% $3,902
KELLER MORTGAGE, LLC 1 2.25% $35,397
HOMESPIRE MORTGAGE CORPORATION 1 2.38% $3,312
HOMESIDE FINANCIAL, LLC 1 2.37% $4,623
UNION HOME MORTGAGE CORP. 1 2.25% $35,150
Home Mortgage Alliance Corp 1 2.38% $4,490
HOME APPROVALS DIRECT, INC. 1 2.50% $5,435
HOMEAMERICAN MORTGAGE CORPORATION 1 3.00% $0
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 2.63% $33,625
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.75% $4,648
Franklin Loan Corporation 1 2.50% $3,045
BOKF 1 2.88% $7,872
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $15,416
S1L, Inc. 1 2.99% $6,772
SCENIC OAKS FUNDING, INC. 1 3.25% $5,848
BECKAM FUNDING CORP. 1 2.88% $3,255
FirstBank 1 2.75% $859
Banner Bank 1 2.25% $2,928
EMM LOANS LLC 1 2.88% $21,026
DAS Acquisition Company, LLC 1 2.63% $7,014
VERITAS FUNDING, LLC 1 2.50% $5,691
Credence Funding Corporation 1 2.50% $1,186
Colten Mortgage, LLC 1 2.25% $3,164
COASTAL FUNDING SLC, INC. 1 2.88% $2,697
Bank of the West 1 3.50% $14,091
CITYWIDE HOME LOANS, LLC 1 2.25% $11,658
Texana Bank 1 2.25% $1,384
The Central Trust Bank 1 2.38% $2,617
CHERRY CREEK MORTGAGE, LLC 1 2.25% $2,080
Arvest Bank 1 2.25% $10,607
CANOPY MORTGAGE, LLC 1 1.75% $14,367
TOP FLITE FINANCIAL, INC. 1 2.50% $16,415
Bank of America 1 2.88% $3,454
WESTERN EXPRESS LENDING 1 2.88% $4,428
OAKTREE FUNDING CORP. 1 2.88% $24,254
Northpointe Bank 1 2.38% $6,560
ONY GLO, INC. 1 2.62% $8,067
OPEN MORTGAGE, LLC 1 2.75% $28,346
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.75% $17,811
PANORAMA MORTGAGE GROUP, LLC 1 2.25% $2,083
Neighborhood Loans, Inc. 1 2.50% $5,860
ACADEMY MORTGAGE CORPORATION 1 2.25% $1,157
PARKSIDE LENDING, LLC 1 2.50% $4,915
M&T Bank 1 2.75% $9,513

The top San Francisco VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 535 VA loans originated. Their average total fees are $6,589, which is $1,739 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee San Francisco VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($3,650), LAKEVIEW LOAN SERVICING, LLC ($3,978), Lakeview Community Capital, LLC ($4,373), PLANET HOME LENDING, LLC ($4,801) and FREEDOM MORTGAGE CORPORATION ($4,849).

The lowest rate San Francisco VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.25%), PENNYMAC LOAN SERVICES, LLC (2.28%), CLEARPATH LENDING (2.29%), First Guaranty Mortgage Corporation (2.29%) and FREEDOM MORTGAGE CORPORATION (2.34%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - San Francisco (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 $843,722 (6.9%) $1,502,824 (14.4%) 3.13 2,294
2018-02-01 $898,500 (6.4%) $1,547,349 (12.0%) 3.26 2,716
2018-03-01 $949,000 (6.2%) $1,582,709 (10.9%) 3.33 3,122
2018-04-01 $986,856 (9.8%) $1,610,195 (8.1%) 3.35 3,620
2018-05-01 $996,500 (10.7%) $1,616,330 (8.3%) 3.33 4,074
2018-06-01 $988,000 (9.5%) $1,574,951 (5.9%) 3.29 4,494
2018-07-01 $927,500 (6.0%) $1,481,163 (3.7%) 3.09 4,809
2018-08-01 $889,000 (4.7%) $1,383,831 (-0.7%) 2.98 4,925
2018-09-01 $899,000 (2.8%) $1,401,721 (-4.4%) 3.02 5,961
2018-10-01 $899,000 (0.0%) $1,409,950 (-8.0%) 3.04 6,158
2018-11-01 $889,750 (-1.0%) $1,428,592 (-8.0%) 3.02 5,844
2018-12-01 $849,950 (-3.3%) $1,339,459 (-16.3%) 2.93 4,174
2019-01-01 $831,417 (-1.5%) $1,301,294 (-13.4%) 2.87 3,563
2019-02-01 $887,000 (-1.3%) $1,416,706 (-8.4%) 2.99 4,084
2019-03-01 $916,429 (-3.4%) $1,481,267 (-6.4%) 3.00 4,502
2019-04-01 $947,447 (-4.0%) $1,548,792 (-3.8%) 3.01 4,897
2019-05-01 $968,500 (-2.8%) $1,494,063 (-7.6%) 3.03 5,473
2019-06-01 $959,000 (-2.9%) $1,483,525 (-5.8%) 3.00 5,938
2019-07-01 $927,000 (-0.1%) $1,528,686 (3.2%) 2.90 5,843
2019-08-01 $913,364 (2.7%) $1,547,627 (11.8%) 2.89 5,915
2019-09-01 $933,409 (3.8%) $1,534,716 (9.5%) 2.99 6,028
2019-10-01 $949,500 (5.6%) $1,532,300 (8.7%) 3.06 6,088
2019-11-01 $949,000 (6.7%) $1,607,727 (12.5%) 3.11 4,972
2019-12-01 $899,000 (5.8%) $1,683,426 (25.7%) 3.00 3,003
2020-01-01 $893,500 (7.5%) $1,695,620 (30.3%) 2.99 2,576
2020-02-01 $995,000 (12.2%) $1,743,771 (23.1%) 3.25 3,101
2020-03-01 $998,900 (9.0%) $1,707,108 (15.3%) 3.13 3,539
2020-04-01 $954,500 (0.7%) $1,532,245 (-1.1%) 2.99 3,432
2020-05-01 $999,819 (3.2%) $1,608,862 (7.7%) 3.04 4,596
2020-06-01 $1,077,500 (12.4%) $1,660,004 (11.9%) 3.17 4,965
2020-07-01 $1,091,500 (17.8%) $1,677,562 (9.7%) 3.16 5,075
2020-08-01 $1,050,000 (15.0%) $1,671,463 (8.0%) 3.01 5,218
2020-09-01 $1,050,000 (12.5%) $1,674,446 (9.1%) 3.01 5,418
2020-10-01 $1,069,500 (12.6%) $1,671,657 (9.1%) 3.06 5,822
2020-11-01 $1,049,000 (10.5%) $1,660,991 (3.3%) 3.06 5,184
2020-12-01 $998,000 (11.0%) $1,706,998 (1.4%) 2.97 3,729
2021-01-01 $988,888 (10.7%) $1,744,237 (2.9%) 2.95 3,051
2021-02-01 $999,452 (0.5%) $1,769,480 (1.5%) 2.91 3,243
2021-03-01 $1,013,225 (1.4%) $1,855,249 (8.7%) 2.87 3,385
2021-04-01 $1,049,500 (10.0%) $1,862,267 (21.5%) 2.84 3,472
2021-05-01 $1,079,000 (7.9%) $1,868,297 (16.1%) 2.85 3,510
2021-06-01 $1,062,400 (-1.4%) $1,792,475 (8.0%) 2.80 3,912
2021-07-01 $999,000 (-8.5%) $1,683,483 (0.4%) 2.63 4,255
2021-08-01 $995,000 (-5.2%) $1,640,252 (-1.9%) 2.65 4,278
2021-09-01 $993,000 (-5.4%) $1,694,004 (1.2%) 2.65 4,619
2021-10-01 $995,400 (-6.9%) $1,755,411 (5.0%) 2.65 4,585
2021-11-01 $983,472 (-6.3%) $1,866,214 (12.4%) 2.63 3,564
2021-12-01 $946,238 (-5.2%) $1,841,100 (7.9%) 2.56 2,343
2022-01-01 $949,000 (-4.0%) $1,739,182 (-0.3%) 2.57 2,046
2022-02-01 $992,000 (-0.8%) $1,751,144 (-1.0%) 2.58 2,494
2022-03-01 $1,047,000 (3.3%) $1,729,752 (-6.8%) 2.62 3,020
2022-04-01 $1,098,000 (4.6%) $1,750,294 (-6.0%) 2.62 3,407
2022-05-01 $1,119,500 (3.8%) $1,729,808 (-7.4%) 2.56 4,628
2022-06-01 $1,144,444 (7.7%) $1,716,296 (-4.3%) 2.55 5,692
2022-07-01 $1,098,000 (9.9%) $1,625,616 (-3.4%) 2.48 6,258
2022-08-01 $1,037,500 (4.3%) $1,566,820 (-4.5%) 2.40 5,982
2022-09-01 $1,088,500 (9.6%) $1,645,706 (-2.9%) 2.55 5,936
2022-10-01 $1,089,000 (9.4%) $1,691,270 (-3.7%) 2.56 6,040
2022-11-01 $1,034,500 (5.2%) $1,688,669 (-9.5%) 2.49 5,382
2022-12-01 $990,000 (4.6%) $1,662,749 (-9.7%) 2.48 3,679
San Francisco's median listing price for 2022-12-01 was $990,000, a difference of $43,762 (4.6%) versus the prior year and $-44,500 versus the prior month.

San Francisco's median listing price comes in at 248% of the national average.

San Francisco's average listing price for 2022-12-01 was $1,662,749, a difference of $-178,351 (-9.7%) versus the prior year and $-25,920 versus the prior month.

For the 2022-12-01 period, San Francisco had 3,679 MLS listings, a difference of -1,703 listings (-32%) versus the prior month and 1,336 listings (57%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - San Francisco (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 31 days 1,719 sqft
2018-02-01 19 days 1,744 sqft
2018-03-01 21 days 1,763 sqft
2018-04-01 23 days 1,797 sqft
2018-05-01 21 days 1,811 sqft
2018-06-01 24 days 1,785 sqft
2018-07-01 29 days 1,743 sqft
2018-08-01 30 days 1,714 sqft
2018-09-01 27 days 1,696 sqft
2018-10-01 31 days 1,695 sqft
2018-11-01 37 days 1,664 sqft
2018-12-01 50 days 1,620 sqft
2019-01-01 49 days 1,605 sqft
2019-02-01 26 days 1,643 sqft
2019-03-01 28 days 1,711 sqft
2019-04-01 26 days 1,779 sqft
2019-05-01 26 days 1,821 sqft
2019-06-01 32 days 1,796 sqft
2019-07-01 37 days 1,763 sqft
2019-08-01 36 days 1,746 sqft
2019-09-01 36 days 1,723 sqft
2019-10-01 37 days 1,705 sqft
2019-11-01 50 days 1,695 sqft
2019-12-01 68 days 1,708 sqft
2020-01-01 54 days 1,681 sqft
2020-02-01 23 days 1,719 sqft
2020-03-01 25 days 1,754 sqft
2020-04-01 39 days 1,756 sqft
2020-05-01 32 days 1,760 sqft
2020-06-01 32 days 1,714 sqft
2020-07-01 33 days 1,636 sqft
2020-08-01 36 days 1,589 sqft
2020-09-01 36 days 1,549 sqft
2020-10-01 35 days 1,540 sqft
2020-11-01 45 days 1,519 sqft
2020-12-01 57 days 1,489 sqft
2021-01-01 51 days 1,462 sqft
2021-02-01 28 days 1,481 sqft
2021-03-01 29 days 1,523 sqft
2021-04-01 30 days 1,549 sqft
2021-05-01 28 days 1,572 sqft
2021-06-01 28 days 1,555 sqft
2021-07-01 27 days 1,548 sqft
2021-08-01 29 days 1,546 sqft
2021-09-01 29 days 1,533 sqft
2021-10-01 30 days 1,514 sqft
2021-11-01 40 days 1,497 sqft
2021-12-01 48 days 1,451 sqft
2022-01-01 39 days 1,420 sqft
2022-02-01 20 days 1,452 sqft
2022-03-01 22 days 1,507 sqft
2022-04-01 23 days 1,537 sqft
2022-05-01 23 days 1,571 sqft
2022-06-01 25 days 1,600 sqft
2022-07-01 31 days 1,582 sqft
2022-08-01 36 days 1,570 sqft
2022-09-01 38 days 1,594 sqft
2022-10-01 38 days 1,607 sqft
2022-11-01 46 days 1,594 sqft
2022-12-01 63 days 1,563 sqft
San Francisco's median listing age (time on market) for 2022-12-01 was 63 days. This is 31% longer than the same period one year ago.

San Francisco's median square footage for active listings during the 2022-12-01 period was 1,563 sqft. One year prior, the average listing was 1,451 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.