Spartanburg VA Loan Rates, Closing Costs & Stats

SPARTANBURG, SC

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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.

    Spartanburg's 112 lenders originated 847 VA loans during 2024. The total origination value was $263,105,000, with an average VA loan value of $310,632.

    Spartanburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Spartanburg averaged 6.73% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Spartanburg's average VA mortgage closing costs are $5,963.

    The average rate for the prior week (2025-05-16) was 6.31% and one month ago for the week of 2025-04-18, the average rate was 6.69%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.66%.

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

    Spartanburg 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 Spartanburg level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 136 6.31% $6,037
    UNITED WHOLESALE MORTGAGE, LLC 77 5.91% $7,490
    DHI MORTGAGE COMPANY, LTD. 54 5.31% $6,336
    QUICKEN LOANS, LLC 43 6.13% $9,563
    FREEDOM MORTGAGE CORPORATION 33 6.36% $8,610
    LOANDEPOT.COM, LLC 33 5.55% $11,336
    NVR Mortgage Finance, Inc. 28 6.06% $4,872
    NAVY FEDERAL CREDIT UNION 26 5.91% $4,530
    PENNYMAC LOAN SERVICES, LLC 19 5.72% $7,277
    MOVEMENT MORTGAGE, LLC 17 6.45% $7,626
    CROSSCOUNTRY MORTGAGE, LLC 16 6.63% $7,324
    VANDERBILT MORTGAGE AND FINANCE, INC. 16 5.57% $4,882
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 5.98% $9,620
    NEW DAY FINANCIAL, LLC 15 7.73% $11,812
    MORTGAGE SOLUTIONS OF COLORADO, LLC 14 6.95% $2,533
    VILLAGE CAPITAL MORTGAGE 13 5.73% $7,508
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 6.63% $4,226
    First Heritage Mortgage, LLC 12 5.65% $9,693
    USAA Federal Savings Bank 11 6.49% $10,291
    FBC MORTGAGE, LLC 10 5.32% $4,015
    ACOPIA, LLC 9 5.64% $4,887
    EAGLE HOME MORTGAGE, LLC 8 6.38% $3,072
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.56% $7,920
    NEWREZ LLC 8 6.22% $7,452
    Mr. Cooper ( Nationstar Mortgage ) 7 6.43% $9,652
    The Loan Store, Inc. 7 5.78% $5,217
    HOMESIDE FINANCIAL, LLC 7 6.98% $13,187
    Sierra Pacific Mortgage Company, Inc. 7 5.93% $6,049
    GUARANTEED RATE, INC. 6 5.85% $3,237
    American Mortgage & Equity Consultants, Inc. 6 6.17% $4,154
    GUILD MORTGAGE COMPANY 6 6.31% $7,551
    SUN WEST MORTGAGE COMPANY, INC. 5 5.90% $8,928
    INSPIRE HOME LOANS INC. 5 5.50% $2,836
    Flagstar Bank, FSB 5 6.29% $3,339
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.31% $5,715
    HOWARD HANNA FINANCIAL SERVICES, INC. 4 6.34% $7,804
    CLEARPATH LENDING 4 5.41% $7,613
    CMG MORTGAGE, INC. 4 5.94% $12,751
    Network Funding, L.P. 3 6.79% $5,769
    LAKEVIEW LOAN SERVICING, LLC 3 5.83% $11,537
    First Federal Bank 3 5.79% $6,829
    NATIONS DIRECT MORTGAGE, LLC 3 6.21% $4,908
    PLANET HOME LENDING, LLC 3 5.37% $4,244
    Magnolia Bank 3 6.33% $9,797
    The Federal Savings Bank 3 7.00% $10,297
    South State Bank 3 6.12% $11,390
    RELIANCE FIRST CAPITAL, LLC 3 6.38% $12,981
    CRESCENT MORTGAGE COMPANY 2 6.13% $7,357
    MILEND, INC. 2 6.56% $9,893
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.00% $25,308
    DELMAR FINANCIAL COMPANY 2 6.63% $5,504
    Presidential Bank, FSB 2 6.00% $2,964
    MORTGAGEONE, INC. 2 7.88% $8,296
    Barrington Bank & Trust Company, N.A. 2 6.75% $4,723
    T2 FINANCIAL LLC 2 6.94% $9,049
    SOUTHWEST FUNDING, LP 2 6.94% $13,032
    Atlantic Coast Mortgage, LLC 2 6.25% $9,975
    Ameris Bank 2 6.69% $3,492
    Integrity Home Mortgage Corp 2 5.88% $4,159
    AMERISAVE MORTGAGE CORPORATION 2 5.44% $19,369
    VERITAS FUNDING, LLC 2 6.50% $17,905
    Armed Forces Bank 2 5.75% $3,546
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.44% $7,873
    JPMorgan Chase Bank 2 5.93% $4,323
    Princeton Mortgage Corporation 2 7.00% $7,413
    Waterstone Mortgage Corporation 1 6.75% $12,239
    Alcova Mortgage LLC 1 5.50% $2,260
    AMERICAN FINANCING CORPORATION 1 5.50% $12,115
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $21,557
    BAY EQUITY LLC 1 5.99% $29,623
    BROKER SOLUTIONS, INC. 1 5.99% $13,147
    CALCON MUTUAL MORTGAGE LLC 1 5.63% $9,772
    CAPITAL CENTER, L.L.C. 1 6.25% $9,214
    CARDINAL FINANCIAL 1 5.75% $9,499
    Century Mortgage Company DBA Century Lending Company 1 6.00% $939
    Citizens Bank 1 6.50% $12,254
    ENVOY MORTGAGE, LTD 1 6.63% $7,210
    Equity Prime Mortgage LLC 1 6.50% $4,135
    EVERETT FINANCIAL, INC. 1 7.25% $12,265
    First-Citizens Bank & Trust Company 1 5.63% $10,689
    FIRST HOME MORTGAGE CORPORATION 1 6.75% $7,557
    GSF Mortgage Corporation 1 6.25% $4,404
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.63% $0
    INTERLINC MORTGAGE SERVICES, LLC 1 7.25% $14,264
    JET HOMELOANS, LLC 1 6.49% $9,965
    Lakeview Community Capital, LLC 1 6.25% $3,438
    LOANPAL, LLC 1 6.13% $17,342
    Mid-Continent Funding, Inc. 1 5.75% $22,516
    MORTGAGE ACCESS CORP. 1 5.63% $11,219
    Mortgage Assurance Inc. 1 6.25% $10,105
    MORTGAGE EQUITY PARTNERS LLC 1 6.25% $3,507
    NEW FED MORTGAGE, CORP. 1 5.75% $4,069
    Old National Bank 1 5.88% $2,675
    ON Q FINANCIAL, INC. 1 5.75% $6,345
    Paramount Residential Mortgage Group, Inc. 1 6.13% $5,394
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $3,780
    PLAZA HOME MORTGAGE, INC. 1 5.99% $14,449
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $8,907
    PULTE MORTGAGE LLC 1 4.00% $830
    RADIUS FINANCIAL GROUP INC. 1 6.63% $5,157
    Renasant Bank 1 6.13% $5,047
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.25% $4,014
    RESOURCE FINANCIAL SERVICES, INC. 1 6.88% $15,092
    ROSS MORTGAGE CORPORATION 1 6.63% $3,539
    Southern First Bank 1 6.63% $3,102
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $7,574
    The Park National Bank 1 5.75% $4,306
    TOWNE MORTGAGE COMPANY 1 5.63% $12,383
    UNION HOME MORTGAGE CORP. 1 6.50% $7,446
    United Bank 1 6.25% $9,590
    Uwharrie Bank 1 5.63% $4,345
    Victorian Finance, LLC 1 6.75% $7,328

    The top Spartanburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 136 VA loans originated. Their average total fees are $6,037, which is $1,452 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Spartanburg VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,533), FBC MORTGAGE, LLC ($4,015), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,226), NAVY FEDERAL CREDIT UNION ($4,530) and NVR Mortgage Finance, Inc. ($4,872).

    The lowest rate Spartanburg VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.31%), FBC MORTGAGE, LLC (5.32%), LOANDEPOT.COM, LLC (5.55%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.57%) and First Heritage Mortgage, LLC (5.65%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Spartanburg (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 $208,800 (12.9%) $247,077 (7.5%) 0.77 1,216
    2018-02-01 $209,411 (10.3%) $247,955 (5.4%) 0.76 1,182
    2018-03-01 $215,990 (13.8%) $257,984 (10.0%) 0.76 1,153
    2018-04-01 $221,795 (15.6%) $267,118 (14.0%) 0.75 1,126
    2018-05-01 $222,245 (14.6%) $269,101 (14.2%) 0.74 1,207
    2018-06-01 $221,804 (11.5%) $269,506 (11.5%) 0.74 1,293
    2018-07-01 $219,634 (8.7%) $268,670 (8.9%) 0.73 1,330
    2018-08-01 $217,815 (7.4%) $267,300 (9.0%) 0.73 1,377
    2018-09-01 $214,775 (4.8%) $264,498 (6.3%) 0.72 1,374
    2018-10-01 $209,450 (0.3%) $259,654 (2.1%) 0.71 1,419
    2018-11-01 $211,680 (2.5%) $258,919 (3.5%) 0.72 1,361
    2018-12-01 $211,772 (2.4%) $253,582 (2.0%) 0.73 1,317
    2019-01-01 $214,098 (2.5%) $259,849 (5.2%) 0.74 1,288
    2019-02-01 $213,950 (2.2%) $259,293 (4.6%) 0.72 1,337
    2019-03-01 $217,698 (0.8%) $304,117 (17.9%) 0.71 1,317
    2019-04-01 $220,639 (-0.5%) $313,475 (17.4%) 0.70 1,275
    2019-05-01 $223,400 (0.5%) $285,981 (6.3%) 0.70 1,270
    2019-06-01 $225,000 (1.4%) $290,298 (7.7%) 0.70 1,287
    2019-07-01 $225,000 (2.4%) $289,703 (7.8%) 0.70 1,279
    2019-08-01 $224,999 (3.3%) $287,341 (7.5%) 0.71 1,341
    2019-09-01 $224,997 (4.8%) $284,441 (7.5%) 0.72 1,387
    2019-10-01 $224,948 (7.4%) $282,107 (8.7%) 0.73 1,418
    2019-11-01 $224,900 (6.3%) $281,596 (8.8%) 0.74 1,385
    2019-12-01 $223,450 (5.5%) $276,081 (8.9%) 0.75 1,390
    2020-01-01 $220,472 (3.0%) $262,988 (1.2%) 0.74 1,314
    2020-02-01 $224,900 (5.1%) $270,751 (4.4%) 0.74 1,257
    2020-03-01 $231,495 (6.3%) $279,094 (-8.2%) 0.73 1,152
    2020-04-01 $229,325 (3.9%) $280,256 (-10.6%) 0.72 1,179
    2020-05-01 $234,900 (5.2%) $284,273 (-0.6%) 0.71 1,057
    2020-06-01 $240,450 (6.9%) $298,349 (2.8%) 0.71 939
    2020-07-01 $237,748 (5.7%) $296,266 (2.3%) 0.69 845
    2020-08-01 $239,000 (6.2%) $302,883 (5.4%) 0.68 795
    2020-09-01 $237,250 (5.5%) $314,345 (10.5%) 0.68 767
    2020-10-01 $239,900 (6.7%) $314,197 (11.4%) 0.69 757
    2020-11-01 $240,300 (6.9%) $318,753 (13.2%) 0.70 775
    2020-12-01 $234,750 (5.1%) $306,631 (11.1%) 0.70 737
    2021-01-01 $234,999 (6.6%) $304,255 (15.7%) 0.70 714
    2021-02-01 $234,179 (4.1%) $307,656 (13.6%) 0.68 676
    2021-03-01 $240,500 (3.9%) $316,043 (13.2%) 0.68 531
    2021-04-01 $239,893 (4.6%) $307,524 (9.7%) 0.65 482
    2021-05-01 $250,000 (6.4%) $313,276 (10.2%) 0.66 403
    2021-06-01 $254,950 (6.0%) $313,390 (5.0%) 0.67 411
    2021-07-01 $269,620 (13.4%) $340,402 (14.9%) 0.71 506
    2021-08-01 $263,007 (10.0%) $331,641 (9.5%) 0.70 607
    2021-09-01 $271,948 (14.6%) $348,378 (10.8%) 0.73 620
    2021-10-01 $275,000 (14.6%) $350,160 (11.5%) 0.73 610
    2021-11-01 $276,309 (15.0%) $357,403 (12.1%) 0.74 536
    2021-12-01 $270,370 (15.2%) $341,106 (11.2%) 0.73 484
    2022-01-01 $277,447 (18.1%) $334,706 (10.0%) 0.75 404
    2022-02-01 $280,212 (19.7%) $337,374 (9.7%) 0.73 362
    2022-03-01 $284,217 (18.2%) $334,939 (6.0%) 0.71 314
    2022-04-01 $290,000 (20.9%) $350,601 (14.0%) 0.69 347
    2022-05-01 $298,433 (19.4%) $341,456 (9.0%) 0.68 515
    2022-06-01 $301,999 (18.5%) $340,648 (8.7%) 0.67 641
    2022-07-01 $304,900 (13.1%) $342,567 (0.6%) 0.69 884
    2022-08-01 $303,420 (15.4%) $344,395 (3.9%) 0.70 1,059
    2022-09-01 $305,265 (12.3%) $346,617 (-0.5%) 0.71 1,135
    2022-10-01 $302,900 (10.2%) $349,667 (-0.1%) 0.71 1,160
    2022-11-01 $300,120 (8.6%) $346,757 (-3.0%) 0.72 1,169
    2022-12-01 $299,900 (10.9%) $349,601 (2.5%) 0.74 1,064
    2023-01-01 $301,683 (8.7%) $353,499 (5.6%) 0.75 1,000
    2023-02-01 $299,942 (7.0%) $350,600 (3.9%) 0.72 956
    2023-03-01 $303,445 (6.8%) $355,975 (6.3%) 0.72 935
    2023-04-01 $311,999 (7.6%) $371,300 (5.9%) 0.73 965
    2023-05-01 $316,560 (6.1%) $375,127 (9.9%) 0.72 925
    2023-06-01 $312,400 (3.4%) $367,926 (8.0%) 0.70 961
    2023-07-01 $311,389 (2.1%) $372,514 (8.7%) 0.71 1,005
    2023-08-01 $309,495 (2.0%) $370,465 (7.6%) 0.71 1,043
    2023-09-01 $305,900 (0.2%) $372,158 (7.4%) 0.71 1,010
    2023-10-01 $307,854 (1.6%) $370,063 (5.8%) 0.72 1,070
    2023-11-01 $302,225 (0.7%) $364,735 (5.2%) 0.72 1,122
    2023-12-01 $306,000 (2.0%) $363,171 (3.9%) 0.75 1,163
    2024-01-01 $307,999 (2.1%) $363,073 (2.7%) 0.75 1,137
    2024-02-01 $309,198 (3.1%) $368,207 (5.0%) 0.74 1,144
    2024-03-01 $308,000 (1.5%) $362,886 (1.9%) 0.72 1,243
    2024-04-01 $307,493 (-1.4%) $367,464 (-1.0%) 0.72 1,317
    2024-05-01 $304,948 (-3.7%) $367,021 (-2.2%) 0.69 1,432
    2024-06-01 $304,977 (-2.4%) $382,366 (3.9%) 0.69 1,462
    2024-07-01 $302,748 (-2.8%) $374,821 (0.6%) 0.69 1,544
    2024-08-01 $304,000 (-1.8%) $372,989 (0.7%) 0.71 1,563
    2024-09-01 $304,950 (-0.3%) $373,664 (0.4%) 0.72 1,538
    2024-10-01 $300,690 (-2.3%) $371,615 (0.4%) 0.71 1,498
    2024-11-01 $303,990 (0.6%) $370,665 (1.6%) 0.73 1,470
    2024-12-01 $304,145 (-0.6%) $369,762 (1.8%) 0.76 1,388
    2025-01-01 $301,995 (-2.0%) $365,428 (0.7%) 0.75 1,360
    2025-02-01 $305,000 (-1.4%) $363,849 (-1.2%) 0.74 1,407
    2025-03-01 $307,900 (0.0%) $364,169 (0.4%) 0.72 1,549
    2025-04-01 $309,950 (0.8%) $370,997 (1.0%) 0.72 1,616
    Spartanburg's median listing price for 2025-04-01 was $309,950, a difference of $2,457 (0.8%) versus the prior year and $2,050 versus the prior month.

    Spartanburg's median listing price comes in at 72% of the national average.

    Spartanburg's average listing price for 2025-04-01 was $370,997, a difference of $3,533 (1.0%) versus the prior year and $6,828 versus the prior month.

    For the 2025-04-01 period, Spartanburg had 1,616 MLS listings, a difference of 67 listings (4%) versus the prior month and 299 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Spartanburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 2,042 sqft
    2018-02-01 83 days 2,028 sqft
    2018-03-01 50 days 2,114 sqft
    2018-04-01 50 days 2,143 sqft
    2018-05-01 53 days 2,151 sqft
    2018-06-01 53 days 2,150 sqft
    2018-07-01 57 days 2,120 sqft
    2018-08-01 56 days 2,100 sqft
    2018-09-01 64 days 2,065 sqft
    2018-10-01 66 days 2,005 sqft
    2018-11-01 66 days 2,015 sqft
    2018-12-01 72 days 2,000 sqft
    2019-01-01 80 days 2,000 sqft
    2019-02-01 72 days 2,003 sqft
    2019-03-01 64 days 2,012 sqft
    2019-04-01 61 days 2,036 sqft
    2019-05-01 60 days 2,070 sqft
    2019-06-01 58 days 2,095 sqft
    2019-07-01 58 days 2,074 sqft
    2019-08-01 57 days 2,085 sqft
    2019-09-01 58 days 2,081 sqft
    2019-10-01 58 days 2,070 sqft
    2019-11-01 60 days 2,051 sqft
    2019-12-01 66 days 2,023 sqft
    2020-01-01 72 days 1,995 sqft
    2020-02-01 73 days 2,003 sqft
    2020-03-01 59 days 2,059 sqft
    2020-04-01 62 days 2,007 sqft
    2020-05-01 71 days 2,010 sqft
    2020-06-01 67 days 2,063 sqft
    2020-07-01 55 days 2,069 sqft
    2020-08-01 47 days 2,100 sqft
    2020-09-01 46 days 2,075 sqft
    2020-10-01 49 days 2,040 sqft
    2020-11-01 46 days 1,987 sqft
    2020-12-01 49 days 1,910 sqft
    2021-01-01 51 days 1,883 sqft
    2021-02-01 50 days 1,818 sqft
    2021-03-01 42 days 1,806 sqft
    2021-04-01 44 days 1,800 sqft
    2021-05-01 43 days 1,808 sqft
    2021-06-01 39 days 1,881 sqft
    2021-07-01 33 days 1,900 sqft
    2021-08-01 38 days 1,832 sqft
    2021-09-01 42 days 1,831 sqft
    2021-10-01 47 days 1,856 sqft
    2021-11-01 39 days 1,822 sqft
    2021-12-01 43 days 1,776 sqft
    2022-01-01 53 days 1,871 sqft
    2022-02-01 35 days 1,839 sqft
    2022-03-01 34 days 1,800 sqft
    2022-04-01 32 days 1,820 sqft
    2022-05-01 25 days 1,840 sqft
    2022-06-01 30 days 1,854 sqft
    2022-07-01 31 days 1,871 sqft
    2022-08-01 39 days 1,893 sqft
    2022-09-01 44 days 1,926 sqft
    2022-10-01 51 days 1,924 sqft
    2022-11-01 59 days 1,918 sqft
    2022-12-01 66 days 1,924 sqft
    2023-01-01 71 days 1,944 sqft
    2023-02-01 63 days 1,919 sqft
    2023-03-01 45 days 1,948 sqft
    2023-04-01 42 days 1,972 sqft
    2023-05-01 50 days 2,012 sqft
    2023-06-01 51 days 2,001 sqft
    2023-07-01 49 days 2,000 sqft
    2023-08-01 48 days 1,951 sqft
    2023-09-01 47 days 1,957 sqft
    2023-10-01 51 days 1,973 sqft
    2023-11-01 50 days 1,958 sqft
    2023-12-01 55 days 1,970 sqft
    2024-01-01 64 days 1,937 sqft
    2024-02-01 49 days 1,918 sqft
    2024-03-01 48 days 1,985 sqft
    2024-04-01 44 days 1,960 sqft
    2024-05-01 42 days 1,992 sqft
    2024-06-01 49 days 1,991 sqft
    2024-07-01 51 days 1,972 sqft
    2024-08-01 53 days 1,935 sqft
    2024-09-01 56 days 1,940 sqft
    2024-10-01 61 days 1,903 sqft
    2024-11-01 65 days 1,900 sqft
    2024-12-01 65 days 1,885 sqft
    2025-01-01 70 days 1,833 sqft
    2025-02-01 55 days 1,824 sqft
    2025-03-01 47 days 1,861 sqft
    2025-04-01 45 days 1,883 sqft
    Spartanburg's median listing age (time on market) for 2025-04-01 was 45 days. This is 2% longer than the same period one year ago.

    Spartanburg's median square footage for active listings during the 2025-04-01 period was 1,883 sqft. One year prior, the average listing was 1,960 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.