Arizona VA Loan Rates, Closing Costs & Stats

Arizona

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.

Arizona VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Arizona averaged 6.16% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

Arizona's average VA mortgage closing costs are $5,835.

The average rate for the prior week (2023-01-20) was 6.39% and one month ago for the week of 2022-12-23, the average rate was 6.66%.

The average rate one year ago was 3.86%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.86%.

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

Arizona 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 Arizona level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
FREEDOM MORTGAGE CORPORATION 3,871 2.41% $3,525
QUICKEN LOANS, LLC 3,597 2.42% $5,843
UNITED WHOLESALE MORTGAGE, LLC 2,562 2.48% $6,473
Mortgage Research Center, LLC 2,267 2.82% $7,382
PENNYMAC LOAN SERVICES, LLC 1,985 2.42% $6,232
LOANDEPOT.COM, LLC 1,909 2.61% $7,122
NOVA FINANCIAL & INVESTMENT CORPORATION 1,629 2.78% $5,973
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,314 2.92% $8,444
GUILD MORTGAGE COMPANY 1,083 2.73% $6,778
NEW DAY FINANCIAL, LLC 1,064 2.78% $8,800
LAKEVIEW LOAN SERVICING, LLC 987 2.47% $2,714
NAVY FEDERAL CREDIT UNION 951 2.48% $5,981
CLEARPATH LENDING 852 2.31% $4,560
HOME POINT FINANCIAL CORPORATION 816 2.45% $6,283
CALIBER HOME LOANS, INC. 783 2.53% $5,568
VILLAGE CAPITAL MORTGAGE 740 2.33% $3,687
USAA Federal Savings Bank 736 2.84% $4,848
V.I.P. MORTGAGE, INC. 602 2.76% $6,746
The Federal Savings Bank 524 2.53% $9,439
Mr. Cooper ( Nationstar Mortgage ) 461 2.71% $4,273
Wells Fargo Bank 457 2.52% $4,037
Amerifirst Financial, Inc. 442 2.76% $7,537
ACADEMY MORTGAGE CORPORATION 414 2.92% $9,105
BROKER SOLUTIONS, INC. 363 2.67% $6,694
DHI MORTGAGE COMPANY, LTD. 337 2.75% $7,876
CROSSCOUNTRY MORTGAGE, LLC 332 2.89% $9,692
GUARANTEED RATE, INC. 321 2.64% $6,467
NEWREZ LLC 302 2.69% $4,984
SUNSTREET MORTGAGE, LLC 296 2.84% $7,036
SUN WEST MORTGAGE COMPANY, INC. 262 2.45% $5,336
ALTITUDE FINANCIAL CORPORATION 258 2.65% $6,019
AMERICAN FINANCIAL NETWORK, INC. 258 2.60% $9,455
HOMEOWNERS FINANCIAL GROUP USA, LLC 252 2.89% $8,045
AMERISAVE MORTGAGE CORPORATION 250 2.56% $7,391
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 246 2.79% $8,447
FINANCE OF AMERICA MORTGAGE LLC 235 2.79% $7,931
MORIA DEVELOPMENT, INC. 234 2.86% $9,354
Lakeview Community Capital, LLC 231 2.48% $2,536
PRIMELENDING, A PLAINSCAPITAL COMPANY 224 3.01% $8,014
LOANPAL, LLC 217 2.49% $7,596
Barrington Bank & Trust Company, N.A. 217 2.74% $6,144
Low VA Rates, LLC 206 2.41% $4,713
InterContinental Capital Group, Inc 204 2.38% $3,981
Carrington Mortgage Services, LLC 202 3.06% $5,667
HOMEAMERICAN MORTGAGE CORPORATION 192 2.71% $5,881
HOMEBRIDGE FINANCIAL SERVICES, INC. 187 2.56% $6,408
Paramount Residential Mortgage Group, Inc. 186 2.69% $7,299
Prosperity Home Mortgage, LLC 185 2.70% $7,717
PLANET HOME LENDING, LLC 181 2.47% $4,190
EAGLE HOME MORTGAGE, LLC 178 3.00% $7,142
NFM, INC. 176 3.06% $9,707
PENTAGON FEDERAL CREDIT UNION 171 2.35% $3,613
PULTE MORTGAGE LLC 166 2.76% $5,347
MOVEMENT MORTGAGE, LLC 161 2.78% $6,166
LHM FINANCIAL CORPORATION 160 2.72% $7,673
Flagstar Bank, FSB 159 2.72% $7,819
AMERICAN PACIFIC MORTGAGE CORPORATION 157 2.90% $8,292
South Pacific Financial Corporation 153 2.64% $11,574
SOVEREIGN LENDING GROUP INCORPORATED 137 2.58% $7,971
First Guaranty Mortgage Corporation 135 2.45% $4,396
ARK-LA-TEX FINANCIAL SERVICES, LLC. 134 2.75% $7,212
CMG MORTGAGE, INC. 132 2.63% $8,251
ON Q FINANCIAL, INC. 131 2.90% $9,230
GUARANTEED RATE AFFINITY, LLC 130 2.56% $5,920
BAY EQUITY LLC 123 2.88% $8,751
UNION HOME MORTGAGE CORP. 121 2.45% $5,481
SUMMIT FUNDING, INC. 117 2.86% $9,356
North American Savings Bank, F.S.B. 115 2.38% $5,547
GENEVA FINANCIAL, LLC 112 2.92% $9,045
Neighborhood Loans, Inc. 106 3.06% $7,841
NBKC BANK 103 2.48% $5,104
NP, Inc. 102 2.29% $4,631
Commerce Home Mortgage, Inc. 102 2.60% $5,459
Magnolia Bank 100 2.55% $9,684
STEARNS LENDING, LLC 97 2.54% $5,624
PRIMARY RESIDENTIAL MORTGAGE, INC. 96 2.96% $7,418
PLAZA HOME MORTGAGE, INC. 89 2.58% $7,195
Bell Bank 88 2.82% $7,928
MATTAMY HOME FUNDING, LLC 84 2.59% $12,639
Goldwater Bank, N.A. 84 2.94% $9,624
Wallick & Volk, Inc. 83 3.02% $9,030
MUTUAL OF OMAHA MORTGAGE, INC. 82 2.57% $6,182
KBHS HOME LOANS, LLC 81 2.91% $9,934
SUBURBAN MORTGAGE, INC. 79 2.73% $6,074
ACCELERATE MORTGAGE, LLC 77 2.21% $6,001
Hometown Lenders, Inc. 74 3.11% $8,261
NETWORK CAPITAL FUNDING CORPORATION 72 2.49% $5,722
LEADERONE FINANCIAL CORPORATION 69 2.74% $10,021
SUN AMERICAN MORTGAGE COMPANY 67 2.97% $7,431
Waterstone Mortgage Corporation 66 2.60% $10,957
AMERICAN FINANCING CORPORATION 64 2.56% $6,121
Strong Home Mortgage, LLC 62 2.38% $5,044
Gateway First Bank 62 2.98% $6,163
First Federal Bank 60 3.00% $10,493
SECURITYNATIONAL MORTGAGE COMPANY 56 3.12% $11,369
Mid-Continent Funding, Inc. 56 2.72% $8,797
KS StateBank 54 2.38% $6,687
FBC MORTGAGE, LLC 50 2.76% $6,519
Watermark Capital, Inc. 50 2.49% $5,873
Nations Lending Corporation 50 2.90% $11,945
Prime Choice Funding Inc. 49 2.33% $6,114
CHURCHILL MORTGAGE CORPORATION 44 2.55% $8,620
CITYWIDE HOME LOANS, LLC 44 2.88% $12,371
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 43 2.40% $11,491
CELEBRITY HOME LOANS, LLC 42 2.99% $11,108
AXIA FINANCIAL, LLC 42 2.83% $7,553
TJC Mortgage, Inc. 42 2.36% $7,174
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 39 2.84% $4,652
Lend Smart Mortgage, LLC 38 2.78% $8,120
BNC National Bank 38 2.40% $5,808
Sunflower Bank 37 2.91% $8,472
STARBOARD FINANCIAL MANAGEMENT, LLC 37 2.81% $5,728
Equity Prime Mortgage LLC 37 3.29% $7,691
Wyndham Capital Mortgage, Inc. 37 2.45% $4,901
MORTGAGEONE, INC. 36 2.41% $8,125
CORNERSTONE HOME LENDING, INC. 36 2.86% $9,750
VELOCIO MORTGAGE L.L.C. 36 2.92% $9,470
INSPIRE HOME LOANS INC. 36 3.06% $8,911
CANOPY MORTGAGE, LLC 36 2.45% $4,982
MID AMERICA MORTGAGE, INC. 35 2.56% $1,663
ENVOY MORTGAGE, LTD 34 2.79% $8,426
HOMESIDE FINANCIAL, LLC 34 2.62% $7,627
NEW WEST LENDING, INC. 32 2.46% $5,841
ARIZONA 32 2.55% $6,006
Shea Mortgage Inc. 31 2.75% $5,851
U.S. Bank 31 2.79% $6,153
CHERRY CREEK MORTGAGE, LLC 29 2.87% $4,365
NATIONS DIRECT MORTGAGE, LLC 29 3.17% $9,133
INTERCAP LENDING INC. 28 2.93% $6,118
AMERICAN FINANCIAL RESOURCES, INC. 28 3.07% $7,479
AMCAP MORTGAGE, LTD. 28 3.06% $7,757
ZILLOW HOME LOANS, LLC 27 2.62% $5,321
BROOKHOLLOW MORTGAGE SERVICES, LTD 27 2.97% $8,371
MORTGAGE SOLUTIONS OF COLORADO, LLC 26 3.12% $7,867
LADERA LENDING, INC. 26 2.61% $6,039
ALL WESTERN MORTGAGE, INC. 24 3.35% $10,630
SOUTHWEST STAGE FUNDING, LLC 24 2.96% $4,558
Loan Simple, Inc. 24 2.73% $9,155
MANN FINANCIAL INC. 23 3.04% $6,617
OCMBC, INC. 23 2.77% $8,980
PREMIER LENDING, INC. 22 3.08% $7,948
Bank of England 21 2.87% $9,515
DRAPER AND KRAMER MORTGAGE CORP. 21 2.54% $6,639
BELEM SERVICING LLC 21 2.61% $8,298
Armed Forces Bank 21 2.47% $6,350
TOWNE MORTGAGE COMPANY 21 2.60% $7,502
First National Bank Texas 20 2.53% $8,805
MICHIGAN MUTUAL, INC. 20 2.71% $5,290
M&T Bank 19 2.72% $5,430
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 18 2.87% $7,272
First Option Mortgage, LLC 17 2.99% $11,150
Paramount Bank 17 2.45% $8,746
First Home Bank 17 2.52% $7,144
KELLER MORTGAGE, LLC 17 2.54% $8,064
TOP FLITE FINANCIAL, INC. 17 3.01% $12,670
Sierra Pacific Mortgage Company, Inc. 15 2.60% $10,834
PANORAMA MORTGAGE GROUP, LLC 15 3.00% $8,432
SFMC, LP 15 2.92% $6,505
PHH Mortgage Corporation 14 2.91% $4,993
Home Mortgage Alliance Corp 14 2.82% $8,304
Northpointe Bank 14 2.74% $4,982
Pacific Lending LLC 13 2.51% $5,827
First State Bank of St. Charles, Missouri 13 2.66% $8,821
BAYSHORE MORTGAGE FUNDING, LLC 12 2.82% $7,929
IDEAL HOME LOANS LLC 12 2.78% $8,462
LENDUS, LLC 12 2.28% $3,990
Opendoor Home Loans LLC 12 2.42% $8,069
RESIDENTIAL BANCORP. 12 3.14% $9,830
ROUNDPOINT MORTGAGE SERVICING CORPORATION 12 2.97% $4,908
TBI MORTGAGE COMPANY 12 2.69% $9,332
SWBC MORTGAGE CORPORATION 11 3.30% $10,089
INTERNATIONAL CITY MORTGAGE, INC. 11 2.97% $6,743
FirstBank 11 2.52% $4,873
VERITAS FUNDING, LLC 11 2.47% $6,999
Alaska USA Federal Credit Union 11 2.77% $4,074
LENOX FINANCIAL MORTGAGE CORPORATION 11 2.66% $5,503
EMBRACE HOME LOANS, INC. 10 2.67% $4,475
DAS Acquisition Company, LLC 10 3.30% $8,887
PINNACLE LENDING GROUP, INC. 10 2.50% $5,154
Plains Commerce Bank 10 2.67% $5,668
AmeriHome Mortgage Company, LLC 10 2.86% $3,108
Zions Bancorporation, N.A. 10 2.49% $3,602
First Federal Bank of Kansas City 10 2.38% $3,415
PREMIA MORTGAGE, LLC 10 2.50% $6,103
MOUNTAIN WEST FINANCIAL, INC. 9 2.65% $7,374
OPEN MORTGAGE, LLC 9 2.60% $4,246
Capital Bank 9 2.42% $4,740
RELIANCE FIRST CAPITAL, LLC 8 2.72% $6,092
Meridian Bank Corporation 8 2.28% $3,837
Texana Bank 8 2.34% $7,701
Community First National Bank 8 2.64% $11,899
The Central Trust Bank 8 2.38% $9,543
The Home Loan Expert LLC 8 2.46% $5,990
Glacier Bank 8 2.98% $7,386
S1L, Inc. 8 2.67% $12,000
UNITED SECURITY FINANCIAL CORP 8 2.00% $4,078
LENDING 3, INC. 7 2.89% $6,672
HOMESTEAD FUNDING CORP. 7 2.45% $4,618
FIRST CENTENNIAL MORTGAGE CORPORATION 7 2.80% $9,265
Century Mortgage Company DBA Century Lending Company 7 2.34% $8,310
MOUNTAIN AMERICA 7 2.29% $5,683
Umpqua Bank 7 2.59% $8,232
WESTERN EXPRESS LENDING 7 2.43% $3,248
GoPrime Mortgage, Inc. 7 2.96% $7,087
Ixonia Bank 7 2.36% $9,086
GSF Mortgage Corporation 7 3.41% $8,427
INTERLINC MORTGAGE SERVICES, LLC 7 3.32% $14,313
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 6 3.33% $12,953
BOKF 6 3.02% $4,628
NBH Bank 6 2.50% $5,100
JPMorgan Chase Bank 6 3.10% $4,347
CREDIT UNION WEST 6 2.85% $3,729
MEGASTAR FINANCIAL CORP. 5 2.50% $6,846
CITY FIRST MORTGAGE SERVICES, L.L.C. 5 2.98% $9,966
RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 2.85% $10,555
Bank of America 5 2.60% $3,855
BECKAM FUNDING CORP. 5 3.85% $8,937
Evolve Bank & Trust 5 2.78% $9,780
MUFG Union Bank 5 2.55% $5,607
COUNTRYPLACE MORTGAGE, LTD. 5 4.05% $5,748
SUCCESS MORTGAGE PARTNERS, INC. 5 3.12% $12,329
DATA MORTGAGE, INC. 5 2.50% $5,769
SIRVA MORTGAGE, INC. 5 2.65% $2,189
INTELLILOAN, INC. 5 2.52% $12,925
Financial Funding Solutions, Inc. 5 2.68% $2,962
DIRECTORS MORTGAGE, INC. 5 3.45% $11,220
PARKSIDE LENDING, LLC 5 2.38% $5,454
PREMIER MORTGAGE RESOURCES, L.L.C. 5 2.93% $8,032
Utah Mortgage Loan Corporation 5 2.83% $7,490
First Western Trust Bank 4 2.44% $2,520
ARC HOME LLC 4 2.50% $4,677
First Savings Bank 4 2.47% $4,125
First Midwest Bank 4 2.25% $5,856
First Internet Bank of Indiana 4 2.47% $2,324
LIBERTY HOME MORTGAGE CORPORATION 4 2.50% $5,348
EVERETT FINANCIAL, INC. 4 2.88% $4,331
HighTechLending Inc 4 2.38% $5,842
Citizens Bank 4 2.50% $4,817
MidFirst Bank 4 2.44% $7,003
SRE MORTGAGE ALLIANCE INC. 4 2.13% $5,566
EMM LOANS LLC 3 2.54% $7,529
JAMES B. NUTTER & COMPANY 3 2.63% $1,529
LAND HOME FINANCIAL SERVICES, INC. 3 3.08% $11,968
IMPAC MORTGAGE CORP. 3 2.29% $2,032
Western State Bank 3 2.79% $3,979
AMERICA FIRST 3 2.42% $5,730
VAN DYK MORTGAGE CORPORATION 3 2.79% $3,634
AMERICAN INTERNET MORTGAGE, INC. 3 2.29% $7,459
Stifel Bank and Trust 3 2.54% $2,194
UNITED MORTGAGE CORP. 3 3.04% $9,860
ISERVE RESIDENTIAL LENDING, LLC 3 2.58% $8,456
Willamette Valley Bank 3 2.96% $10,254
ROYAL UNITED MORTGAGE LLC 3 2.54% $14,472
TIAA, FSB 3 2.38% $8,795
ML Mortgage Corp. 3 2.67% $8,820
Franklin Loan Corporation 3 2.63% $15,058
Austin Capital Bank SSB 3 3.08% $9,347
Florida Capital Bank 3 2.63% $7,488
1st Security Bank of Washington 3 2.67% $4,877
ONY GLO, INC. 3 2.21% $4,427
Arvest Bank 2 2.75% $1,680
Golden Empire Mortgage, Inc. 2 3.06% $7,975
BBVA USA 2 2.81% $5,196
BEST CAPITAL FUNDING 2 2.38% $7,441
THE ANDERSON FINANCIAL GROUP, INC. 2 2.50% $842
RESIDENTIAL MORTGAGE, LLC 2 2.63% $2,748
FISHER FINANCIAL GROUP, INCORPORATED 2 2.69% $2,250
LOANFLIGHT LENDING, LLC 2 2.31% $2,420
ABSOLUTE HOME MORTGAGE CORPORATION 2 2.75% $8,113
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.13% $19,429
Bank of the West 2 3.50% $9,611
IDAHO CENTRAL 2 2.50% $10,988
HUNT MORTGAGE CORPORATION 2 3.00% $4,066
FIRST STATE MORTGAGE SERVICES, LLC 2 2.50% $21,535
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 2.25% $24,081
AHL FUNDING 2 2.75% $10,829
PNC Bank 2 2.63% $4,589
ALAMEDA MORTGAGE CORPORATION 2 2.50% $11,268
Alerus Financial 2 2.63% $1,733
Service Federal Credit Union 2 2.75% $3,171
Presidential Bank, FSB 2 2.38% $6,607
AMERICAN ADVISORS GROUP 2 2.88% $3,335
VANTAGE WEST 2 3.25% $8,260
DIRECT MORTGAGE, CORP. 2 2.25% $8,670
The Huntington National Bank 2 2.75% $18,376
NATIONWIDE MORTGAGE BANKERS, INC. 2 3.19% $10,097
AMERICAN HERITAGE LENDING, INC. 1 2.75% $10,774
LEGACY MORTGAGE LLC 1 2.75% $11,284
HomeStreet Bank 1 2.50% $2,791
HANCOCK MORTGAGE PARTNERS, LLC 1 3.13% $12,289
MEMBER FIRST MORTGAGE, LLC 1 3.25% $22,224
MLD MORTGAGE INC. 1 2.38% $3,255
Fortress Bank 1 2.38% $21,806
Flanagan State Bank 1 2.75% $14,091
FIRST NATIONS HOME FINANCE CORPORATION 1 2.38% $13,455
NATIONS RELIABLE LENDING, LLC 1 2.25% $1,164
First International Bank & Trust 1 3.00% $2,602
First Horizon Bank 1 3.00% $27,448
Network Funding, L.P. 1 3.25% $17,451
Fidelity Bank 1 2.50% $4,377
FCB Banks 1 2.25% $10,016
NuVision Federal Credit Union 1 2.38% $11,593
WRIGHT-PATT CREDIT UNION, INC. 1 2.75% $12,163
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.38% $4,794
Peoples Bank 1 2.25% $3,502
Peoples National Bank , N.A. 1 2.75% $2,739
Core Bank 1 2.50% $4,551
COMPASS MORTGAGE, INC. 1 2.75% $3,616
COMMUNITYAMERICA 1 2.50% $2,390
Columbia State Bank 1 2.88% $7,018
Colonial Savings, F.A. 1 3.00% $30,252
PRIORITY HOME LENDING, LLC 1 2.75% $4,358
CHOICE LENDING CORP. 1 2.75% $13,333
RANLIFE, INC. 1 2.88% $4,327
Academy Bank 1 2.25% $2,462
Servion, Inc. 1 3.38% $3,362
CASTLE & COOKE MORTGAGE, LLC 1 3.25% $2,809
Cache Valley Bank 1 3.00% $4,494
BLUELEAF LENDING, LLC 1 2.38% $2,398
BLACK HILLS FEDERAL CREDIT UNION 1 2.63% $3,037
Atlantic Union Bank 1 3.13% $40,526
ASHLAND Credit Union 1 2.88% $11,719
T2 FINANCIAL LLC 1 2.88% $7,817
TCF National Bank 1 2.50% $3,140
The First National Bank of Middle Tennessee 1 3.25% $3,427
THRIVE MORTGAGE, LLC 1 2.75% $5,872
THRIVENT Federal Credit Union 1 2.63% $5,972
AmRes Corporation 1 2.25% $4,753
Ameris Bank 1 2.38% $10,249
American Mortgage & Equity Consultants, Inc. 1 2.50% $16,237
UNIVERSAL LENDING CORPORATION 1 3.25% $6,024
Victorian Finance, LLC 1 2.50% $4,350
Allied First Bank,sb 1 2.25% $3,877
West Gate Bank 1 2.25% $1,585
WESTSTAR MORTGAGE CORPORATION 1 1.75% $14,858
Jonah Bank of Wyoming 1 2.25% $706
KeyBank 1 2.50% $12,290
JMJ FINANCIAL GROUP 1 2.75% $2,645

The top Arizona VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 3,871 VA loans originated. Their average total fees are $3,525, which is $2,318 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Arizona VA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($1,663), Lakeview Community Capital, LLC ($2,536), LAKEVIEW LOAN SERVICING, LLC ($2,714), AmeriHome Mortgage Company, LLC ($3,108) and First Federal Bank of Kansas City ($3,415).

The lowest rate Arizona VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.21%), LENDUS, LLC (2.28%), NP, Inc. (2.29%), CLEARPATH LENDING (2.31%) and Prime Choice Funding Inc. (2.33%).

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.