West Palm Beach VA Loans

WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL

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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 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.

    West Palm Beach's 195 lenders originated 2,813 VA loans during 2021. The total origination value was $1,003,575,000, with an average VA loan value of $356,763.

    West Palm Beach VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in West Palm Beach averaged 4.59% for the week of 2022-03-25, compared to the national average (all VA variants) of 4.399% for the same period.

    The average rate for the prior week (2022-03-18) was 4.37% and one month ago for the week of 2022-02-18, the average rate was 4.39%.

    The average rate one year ago was 3.56%.

    For refis of the same type during the week of 2022-03-25, the average rate was 4.45%.

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

    West Palm Beach VA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the West Palm Beach level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FREEDOM MORTGAGE CORPORATION 233 2.43% $4,717
    Mortgage Research Center, LLC 220 2.86% $8,805
    QUICKEN LOANS, LLC 214 2.45% $5,928
    UNITED WHOLESALE MORTGAGE, LLC 140 2.54% $8,276
    PENNYMAC LOAN SERVICES, LLC 118 2.35% $6,870
    CROSSCOUNTRY MORTGAGE, LLC 96 2.93% $10,726
    LOANDEPOT.COM, LLC 82 2.43% $5,985
    NAVY FEDERAL CREDIT UNION 72 2.48% $8,592
    CALIBER HOME LOANS, INC. 67 2.59% $7,261
    NEW DAY FINANCIAL, LLC 62 2.77% $9,392
    USAA Federal Savings Bank 59 2.81% $4,862
    VILLAGE CAPITAL & INVESTMENT LLC 53 2.38% $4,287
    HOME POINT FINANCIAL CORPORATION 50 2.42% $6,646
    EAGLE HOME MORTGAGE, LLC 47 2.94% $7,774
    LAKEVIEW LOAN SERVICING, LLC 45 2.46% $2,695
    Mr. Cooper ( Nationstar Mortgage ) 45 2.70% $3,007
    NEWREZ LLC 36 2.75% $4,811
    CLEARPATH LENDING 36 2.36% $6,273
    FBC MORTGAGE, LLC 35 2.79% $8,557
    GUARANTEED RATE, INC. 31 2.61% $8,797
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 26 2.62% $11,729
    PLANET HOME LENDING, LLC 24 2.50% $3,725
    THE MORTGAGE FIRM, INC. 21 2.76% $9,730
    AMERICAN FINANCIAL NETWORK, INC. 20 2.74% $14,143
    InterContinental Capital Group, Inc 20 2.61% $3,899
    AMERISAVE MORTGAGE CORPORATION 20 2.53% $6,301
    Low VA Rates, LLC 20 2.69% $5,011
    Flagstar Bank, FSB 20 2.59% $7,699
    Paramount Residential Mortgage Group, Inc. 19 3.05% $9,956
    The Federal Savings Bank 19 2.42% $7,175
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 2.94% $8,619
    GROUP ONE MORTGAGE, INC. 17 2.68% $10,341
    PENTAGON FEDERAL CREDIT UNION 16 2.41% $3,744
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 2.65% $8,561
    PRIMARY RESIDENTIAL MORTGAGE, INC. 15 3.00% $6,027
    Barrington Bank & Trust Company, N.A. 15 2.70% $7,892
    Carrington Mortgage Services, LLC 15 3.13% $8,186
    Lakeview Community Capital, LLC 14 2.65% $1,944
    Wells Fargo Bank 14 2.65% $6,746
    North American Savings Bank, F.S.B. 13 2.38% $6,487
    HAMILTON HOME LOANS, INC. 13 3.10% $10,748
    STEARNS LENDING, LLC 13 2.55% $6,826
    Equity Prime Mortgage LLC 11 3.34% $9,926
    BROKER SOLUTIONS, INC. 10 2.77% $6,313
    DHI MORTGAGE COMPANY, LTD. 10 2.77% $9,048
    NP, Inc. 10 2.65% $9,933
    ABSOLUTE HOME MORTGAGE CORPORATION 10 2.89% $11,897
    BNC National Bank 10 2.26% $10,371
    MOVEMENT MORTGAGE, LLC 9 2.85% $5,631
    SUN WEST MORTGAGE COMPANY, INC. 9 2.35% $3,397
    First Guaranty Mortgage Corporation 9 2.72% $5,187
    MUTUAL OF OMAHA MORTGAGE, INC. 8 2.66% $12,003
    VAN DYK MORTGAGE CORPORATION 8 2.94% $5,244
    GUARANTEED RATE AFFINITY, LLC 8 2.52% $8,597
    PNC Bank 7 2.75% $5,295
    NBKC BANK 7 2.36% $7,451
    SWBC MORTGAGE CORPORATION 6 3.08% $13,204
    CAPITAL PARTNERS MORTGAGE, LLC 6 2.94% $7,207
    PULTE MORTGAGE LLC 6 2.71% $8,075
    MATTAMY HOME FUNDING, LLC 5 2.68% $9,984
    Mid-Continent Funding, Inc. 5 2.58% $6,255
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 2.95% $13,220
    AMERICAN FINANCING CORPORATION 5 2.70% $6,666
    Strong Home Mortgage, LLC 5 2.30% $12,998
    Mortgage Lenders Investment Trading Corporation 5 3.15% $10,680
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 2.63% $6,931
    U.S. Bank 5 2.70% $14,050
    First Federal Bank 5 3.85% $11,072
    EVERETT FINANCIAL, INC. 5 3.13% $12,107
    LENDUS, LLC 4 2.66% $17,794
    Commerce Home Mortgage, Inc. 4 2.69% $9,280
    PREMIA MORTGAGE, LLC 4 2.28% $6,762
    Northpointe Bank 4 2.88% $6,071
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 3.09% $11,784
    ACCELERATE MORTGAGE, LLC 4 1.94% $5,944
    ACADEMY MORTGAGE CORPORATION 4 3.25% $11,476
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 2.75% $9,753
    UNITED MORTGAGE CORP. 4 2.81% $12,394
    Paramount Bank 3 2.83% $13,327
    CMG MORTGAGE, INC. 3 2.67% $6,435
    RADIUS FINANCIAL GROUP INC. 3 2.33% $8,057
    J. VIRGIL, INC. 3 2.83% $9,215
    US MORTGAGE CORPORATION 3 2.67% $22,362
    CHURCHILL MORTGAGE CORPORATION 3 2.46% $10,902
    CONTOUR MORTGAGE CORPORATION 3 2.38% $3,312
    Prosperity Home Mortgage, LLC 3 2.50% $6,651
    PLAZA HOME MORTGAGE, INC. 3 2.79% $10,066
    LEADERONE FINANCIAL CORPORATION 3 2.83% $16,292
    KS StateBank 3 2.21% $3,601
    NATIONS DIRECT MORTGAGE, LLC 3 3.17% $15,039
    CELEBRITY HOME LOANS, LLC 3 2.42% $8,592
    FAIRWAY FUNDING GROUP, INC. 3 2.33% $14,334
    NVR Mortgage Finance, Inc. 3 2.91% $11,641
    FOUNDATION MORTGAGE CORPORATION 3 3.29% $9,174
    First Federal Bank of Kansas City 3 2.25% $3,272
    SUCCESS MORTGAGE PARTNERS, INC. 2 2.94% $11,078
    Amerifirst Financial, Inc. 2 2.63% $11,481
    APEX HOME LOANS, INC. 2 2.75% $8,903
    Arvest Bank 2 2.63% $19,709
    Bank of America 2 2.69% $900
    Citizens Bank 2 3.44% $8,281
    Community First National Bank 2 2.38% $2,576
    CORNERSTONE HOME LENDING, INC. 2 3.25% $6,317
    East Coast Capital Corp. 2 2.88% $18,720
    EMBRACE HOME LOANS, INC. 2 2.50% $15,850
    FLAT BRANCH MORTGAGE, INC. 2 3.00% $6,741
    Gateway First Bank 2 2.69% $5,605
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.13% $9,440
    HOMESIDE FINANCIAL, LLC 2 3.00% $1,272
    ITHINK FINANCIAL Credit Union 2 2.81% $7,975
    JPMorgan Chase Bank 2 3.19% $1,409
    LADERA LENDING, INC. 2 3.06% $3,173
    LENDING 3, INC. 2 2.44% $3,202
    Magnolia Bank 2 2.81% $10,437
    MCLEAN MORTGAGE CORPORATION 2 2.81% $5,986
    NATIONS RELIABLE LENDING, LLC 2 3.37% $7,586
    Plains Commerce Bank 2 2.94% $3,792
    Prime Choice Funding Inc. 2 2.25% $3,497
    Renasant Bank 2 2.88% $9,051
    SOVEREIGN LENDING GROUP INCORPORATED 2 2.88% $12,223
    Texana Bank 2 2.38% $3,909
    Wyndham Capital Mortgage, Inc. 2 2.25% $830
    Hometown Equity Mortgage, LLC 1 3.75% $5,668
    HOMESTEAD FUNDING CORP. 1 2.25% $2,757
    HOMESTAR FINANCIAL CORPORATION 1 2.38% $6,635
    HighTechLending Inc 1 3.25% $7,042
    AMERICAN HOME LENDING USA, LLC 1 2.49% $5,153
    NATIONWIDE MORTGAGE BANKERS, INC. 1 3.63% $24,867
    HANCOCK MORTGAGE PARTNERS, LLC 1 2.50% $4,719
    GUILD MORTGAGE COMPANY 1 4.00% $5,856
    NETWORK CAPITAL FUNDING CORPORATION 1 2.25% $10,591
    GoPrime Mortgage, Inc. 1 2.25% $1,773
    George Mason Mortgage, LLC 1 2.49% $11,997
    Florida Capital Bank 1 2.13% $13,053
    First Savings Bank 1 2.25% $1,272
    First Option Mortgage, LLC 1 2.88% $10,707
    FIRST HOME MORTGAGE CORPORATION 1 2.50% $2,716
    OCMBC, INC. 1 3.00% $7,618
    OPEN MORTGAGE, LLC 1 2.50% $4,167
    OVM FINANCIAL, INC. 1 3.00% $3,710
    FirstBank 1 3.00% $6,049
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 2.88% $3,683
    PARKSIDE LENDING, LLC 1 2.50% $2,007
    FINANCE OF AMERICA MORTGAGE LLC 1 2.63% $2,945
    Fifth Third Bank 1 2.75% $4,376
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.63% $9,136
    FAMILY FIRST FUNDING LLC 1 3.25% $12,290
    DYBN FINANCIAL CORP. 1 2.75% $2,421
    COMPASS MORTGAGE, INC. 1 2.75% $6,703
    CityWorth Mortgage LLC 1 3.25% $2,948
    CITYWIDE HOME LOANS, LLC 1 2.25% $4,483
    ALLIED MORTGAGE GROUP, INC. 1 2.25% $2,271
    City Bank 1 2.88% $3,635
    Citibank 1 2.25% $4,134
    Christensen Financial, Inc. 1 3.25% $3,596
    CHAMPIONS MORTGAGE LLC 1 2.75% $6,134
    Century Mortgage Company DBA Century Lending Company 1 2.50% $5,634
    1ST SIGNATURE LENDING, LLC 1 2.75% $19,817
    RESIDENTIAL BANCORP. 1 3.38% $5,591
    RESIDENTIAL HOME FUNDING CORP. 1 3.50% $20,520
    ROSS MORTGAGE CORPORATION 1 3.13% $11,904
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $6,037
    Seacoast National Bank 1 2.75% $3,020
    SeaTrust Mortgage Company 1 2.88% $3,844
    Sierra Pacific Mortgage Company, Inc. 1 2.75% $4,664
    South State Bank 1 2.50% $16,254
    WESTERN EXPRESS LENDING 1 2.38% $8,927
    SPACE COAST Credit Union 1 2.88% $5,593
    Centennial Bank 1 2.25% $3,190
    Capital Bank 1 2.75% $7,229
    1ST FINANCIAL, INC. 1 3.63% $10,335
    Sunflower Bank 1 2.75% $7,216
    BOKF 1 2.88% $2,899
    BEST CAPITAL FUNDING 1 3.63% $10,263
    TBI MORTGAGE COMPANY 1 2.75% $3,061
    ZILLOW HOME LOANS, LLC 1 2.50% $17,854
    The Central Trust Bank 1 2.63% $7,679
    Atlantic Union Bank 1 2.75% $6,291
    Atlantic Home Loans, Inc. 1 2.88% $9,780
    TIAA, FSB 1 2.75% $4,513
    TJC Mortgage, Inc. 1 2.25% $3,806
    TOTAL MORTGAGE SERVICES, LLC 1 2.88% $8,762
    TOWNE MORTGAGE COMPANY 1 3.00% $13,986
    Truist Bank 1 2.75% $730
    ARC HOME LLC 1 2.25% $6,055
    Ameris Bank 1 2.50% $4,270
    LOANFLIGHT LENDING, LLC 1 2.25% $2,386
    AmeriHome Mortgage Company, LLC 1 2.99% $1,260
    Keystone Funding, Inc. 1 2.25% $13,463
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.50% $12,778
    MID AMERICA MORTGAGE, INC. 1 3.50% $9,155
    KeyBank 1 2.75% $16,684
    MLD MORTGAGE INC. 1 2.25% $4,686
    JAMES B. NUTTER & COMPANY 1 2.50% $6,282
    INTERCOASTAL MORTGAGE COMPANY 1 2.88% $14,658

    The top West Palm Beach VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 233 VA loans originated. Their average total fees are $4,717, which is $4,088 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee West Palm Beach VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($1,944), LAKEVIEW LOAN SERVICING, LLC ($2,695), Mr. Cooper ( Nationstar Mortgage ) ($3,007), PLANET HOME LENDING, LLC ($3,725) and PENTAGON FEDERAL CREDIT UNION ($3,744).

    The lowest rate West Palm Beach VA lenders (with over 10 loans originated) are BNC National Bank (2.26%), PENNYMAC LOAN SERVICES, LLC (2.35%), CLEARPATH LENDING (2.36%), North American Savings Bank, F.S.B. (2.38%) and VILLAGE CAPITAL & INVESTMENT LLC (2.38%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - West Palm Beach (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 $396,156 (4.3%) $918,614 (2.8%) 1.46 47,888
    2018-02-01 $395,000 (3.4%) $918,452 (2.8%) 1.42 48,934
    2018-03-01 $398,000 (2.3%) $919,255 (2.2%) 1.38 49,490
    2018-04-01 $399,000 (2.3%) $919,912 (0.6%) 1.34 49,075
    2018-05-01 $399,700 (1.2%) $916,176 (-0.2%) 1.33 48,034
    2018-06-01 $399,999 (2.6%) $911,815 (0.5%) 1.33 47,153
    2018-07-01 $399,900 (0.2%) $905,816 (0.6%) 1.33 46,869
    2018-08-01 $399,250 (0.6%) $898,559 (0.0%) 1.33 46,483
    2018-09-01 $399,000 (0.5%) $896,427 (-0.8%) 1.33 46,852
    2018-10-01 $399,000 (1.0%) $903,016 (0.3%) 1.33 48,425
    2018-11-01 $398,000 (0.3%) $908,836 (0.4%) 1.33 50,373
    2018-12-01 $395,000 (0.0%) $917,567 (0.5%) 1.35 51,461
    2019-01-01 $395,000 (-0.3%) $919,360 (0.1%) 1.36 52,278
    2019-02-01 $395,000 (0.0%) $923,299 (0.5%) 1.32 54,082
    2019-03-01 $398,285 (0.1%) $930,975 (1.3%) 1.30 53,304
    2019-04-01 $400,000 (0.3%) $942,457 (2.5%) 1.26 51,880
    2019-05-01 $409,500 (2.5%) $946,388 (3.3%) 1.26 50,393
    2019-06-01 $410,000 (2.5%) $940,863 (3.2%) 1.26 48,676
    2019-07-01 $410,000 (2.5%) $927,931 (2.4%) 1.27 47,062
    2019-08-01 $406,996 (1.9%) $927,093 (3.2%) 1.28 45,954
    2019-09-01 $402,199 (0.8%) $932,917 (4.1%) 1.28 45,034
    2019-10-01 $409,950 (2.7%) $950,708 (5.3%) 1.31 45,856
    2019-11-01 $411,648 (3.4%) $976,683 (7.5%) 1.33 46,837
    2019-12-01 $411,328 (4.1%) $1,000,574 (9.1%) 1.37 46,952
    2020-01-01 $411,000 (4.1%) $1,011,537 (10.0%) 1.37 45,959
    2020-02-01 $415,000 (5.1%) $1,015,586 (10.0%) 1.34 46,345
    2020-03-01 $417,420 (4.8%) $1,019,233 (9.5%) 1.30 46,202
    2020-04-01 $399,450 (-0.1%) $971,050 (3.0%) 1.24 45,487
    2020-05-01 $399,000 (-2.6%) $969,464 (2.4%) 1.21 44,864
    2020-06-01 $402,500 (-1.8%) $987,712 (5.0%) 1.18 43,617
    2020-07-01 $410,000 (0.0%) $1,007,234 (8.6%) 1.17 41,127
    2020-08-01 $410,000 (0.7%) $1,012,514 (9.2%) 1.17 39,893
    2020-09-01 $419,000 (4.2%) $1,041,235 (11.6%) 1.20 38,783
    2020-10-01 $419,900 (2.4%) $1,053,210 (10.8%) 1.20 38,193
    2020-11-01 $415,000 (0.8%) $1,047,388 (7.2%) 1.19 37,904
    2020-12-01 $415,000 (0.9%) $1,058,106 (5.8%) 1.22 36,745
    2021-01-01 $400,000 (-2.7%) $1,048,760 (3.7%) 1.18 34,030
    2021-02-01 $399,000 (-3.9%) $1,063,442 (4.7%) 1.15 30,964
    2021-03-01 $399,750 (-4.2%) $1,089,053 (6.9%) 1.12 27,219
    2021-04-01 $417,450 (4.5%) $1,103,545 (13.6%) 1.12 24,319
    2021-05-01 $430,000 (7.8%) $1,158,702 (19.5%) 1.13 21,962
    2021-06-01 $449,750 (11.7%) $1,207,559 (22.3%) 1.17 20,816
    2021-07-01 $458,950 (11.9%) $1,201,378 (19.3%) 1.19 21,067
    2021-08-01 $462,450 (12.8%) $1,216,657 (20.2%) 1.22 20,996
    2021-09-01 $472,400 (12.7%) $1,250,256 (20.1%) 1.24 20,451
    2021-10-01 $480,000 (14.3%) $1,301,294 (23.6%) 1.26 19,637
    2021-11-01 $487,000 (17.4%) $1,364,494 (30.3%) 1.28 18,469
    2021-12-01 $495,000 (19.3%) $1,400,791 (32.4%) 1.32 17,232
    2022-01-01 $499,000 (24.8%) $1,460,755 (39.3%) 1.33 15,526
    West Palm Beach's median listing price for 2022-01-01 was $499,000, a difference of $99,000 (24.8%) versus the prior year and $4,000 versus the prior month.

    West Palm Beach's median listing price comes in at 133% of the national average.

    West Palm Beach's average listing price for 2022-01-01 was $1,460,755, a difference of $411,995 (39.3%) versus the prior year and $59,964 versus the prior month.

    For the 2022-01-01 period, West Palm Beach had 15,526 MLS listings, a difference of -1,706 listings (-10%) versus the prior month and -18,504 listings (-54%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - West Palm Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 90 days 1,508 sqft
    2018-02-01 88 days 1,510 sqft
    2018-03-01 82 days 1,511 sqft
    2018-04-01 83 days 1,520 sqft
    2018-05-01 86 days 1,521 sqft
    2018-06-01 89 days 1,529 sqft
    2018-07-01 92 days 1,529 sqft
    2018-08-01 93 days 1,526 sqft
    2018-09-01 93 days 1,522 sqft
    2018-10-01 89 days 1,520 sqft
    2018-11-01 87 days 1,524 sqft
    2018-12-01 88 days 1,522 sqft
    2019-01-01 93 days 1,520 sqft
    2019-02-01 92 days 1,523 sqft
    2019-03-01 87 days 1,531 sqft
    2019-04-01 85 days 1,543 sqft
    2019-05-01 90 days 1,549 sqft
    2019-06-01 93 days 1,550 sqft
    2019-07-01 96 days 1,548 sqft
    2019-08-01 98 days 1,541 sqft
    2019-09-01 99 days 1,532 sqft
    2019-10-01 94 days 1,530 sqft
    2019-11-01 91 days 1,530 sqft
    2019-12-01 88 days 1,522 sqft
    2020-01-01 92 days 1,520 sqft
    2020-02-01 89 days 1,508 sqft
    2020-03-01 84 days 1,504 sqft
    2020-04-01 90 days 1,485 sqft
    2020-05-01 103 days 1,477 sqft
    2020-06-01 113 days 1,457 sqft
    2020-07-01 118 days 1,426 sqft
    2020-08-01 92 days 1,409 sqft
    2020-09-01 92 days 1,389 sqft
    2020-10-01 91 days 1,385 sqft
    2020-11-01 91 days 1,380 sqft
    2020-12-01 91 days 1,368 sqft
    2021-01-01 94 days 1,345 sqft
    2021-02-01 88 days 1,306 sqft
    2021-03-01 76 days 1,296 sqft
    2021-04-01 71 days 1,304 sqft
    2021-05-01 65 days 1,318 sqft
    2021-06-01 60 days 1,348 sqft
    2021-07-01 58 days 1,369 sqft
    2021-08-01 58 days 1,373 sqft
    2021-09-01 59 days 1,377 sqft
    2021-10-01 59 days 1,383 sqft
    2021-11-01 59 days 1,383 sqft
    2021-12-01 60 days 1,376 sqft
    2022-01-01 65 days 1,366 sqft
    West Palm Beach's median listing age (time on market) for 2022-01-01 was 65 days. This is -31% shorter than the same period one year ago.

    West Palm Beach's median square footage for active listings during the 2022-01-01 period was 1,366 sqft. One year prior, the average listing was 1,345 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.