California VA Loan Rates, Closing Costs & Stats

California

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.

California VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in California averaged -0.54% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

California's average VA mortgage closing costs are $7,896.

The average rate for the prior week (2024-02-16) was 6.03% and one month ago for the week of 2024-01-19, the average rate was 5.59%.

The average rate one year ago was 5.6%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.6%.

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

California 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 California level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 6,178 4.09% $12,861
QUICKEN LOANS, LLC 2,978 3.70% $13,562
Mortgage Research Center, LLC 2,300 4.81% $11,815
LOANDEPOT.COM, LLC 1,699 3.76% $14,488
FREEDOM MORTGAGE CORPORATION 1,501 3.77% $13,028
PENNYMAC LOAN SERVICES, LLC 1,417 3.22% $12,858
NAVY FEDERAL CREDIT UNION 1,188 3.64% $9,768
HOME POINT FINANCIAL CORPORATION 1,025 3.81% $12,160
AMERICAN PACIFIC MORTGAGE CORPORATION 751 4.44% $15,079
CROSSCOUNTRY MORTGAGE, LLC 731 4.70% $17,406
CALIBER HOME LOANS, INC. 657 4.20% $14,375
NEW DAY FINANCIAL, LLC 446 4.64% $15,362
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 423 4.47% $13,658
The Federal Savings Bank 415 4.31% $19,678
EAGLE HOME MORTGAGE, LLC 393 4.17% $8,996
GUARANTEED RATE, INC. 392 4.21% $11,871
FINANCE OF AMERICA MORTGAGE LLC 367 4.28% $11,639
CMG MORTGAGE, INC. 330 4.27% $15,559
BROKER SOLUTIONS, INC. 308 4.25% $13,848
DHI MORTGAGE COMPANY, LTD. 303 4.02% $12,563
Mr. Cooper ( Nationstar Mortgage ) 281 4.06% $11,838
MOVEMENT MORTGAGE, LLC 274 4.53% $14,878
Flagstar Bank, FSB 273 4.07% $14,176
USAA Federal Savings Bank 262 4.18% $10,571
HOMEBRIDGE FINANCIAL SERVICES, INC. 253 4.15% $14,771
GUILD MORTGAGE COMPANY 239 4.37% $14,544
AMERISAVE MORTGAGE CORPORATION 235 3.99% $15,069
Paramount Residential Mortgage Group, Inc. 229 4.71% $12,727
CLEARPATH LENDING 222 3.48% $13,044
NEWREZ LLC 211 4.09% $12,098
KBHS HOME LOANS, LLC 209 4.18% $15,781
CARDINAL FINANCIAL 209 4.37% $17,977
SUMMIT FUNDING, INC. 204 4.58% $14,787
NATIONS DIRECT MORTGAGE, LLC 199 4.24% $16,148
HOMEAMERICAN MORTGAGE CORPORATION 191 4.08% $8,019
LAKEVIEW LOAN SERVICING, LLC 167 3.18% $8,048
PLANET HOME LENDING, LLC 144 3.74% $13,463
VILLAGE CAPITAL MORTGAGE 144 3.84% $15,245
Carrington Mortgage Services, LLC 141 4.44% $14,026
Wells Fargo Bank 137 3.87% $9,499
MORTGAGEONE, INC. 131 4.59% $15,621
PENTAGON FEDERAL CREDIT UNION 125 3.30% $9,947
Golden Empire Mortgage, Inc. 124 4.68% $13,493
Cornerstone First Mortgage, Inc 124 4.22% $16,715
COUNTRY CLUB MORTGAGE, INC. 122 4.85% $9,925
SUN WEST MORTGAGE COMPANY, INC. 119 4.06% $12,499
PRIMELENDING, A PLAINSCAPITAL COMPANY 115 4.61% $14,175
Sierra Pacific Mortgage Company, Inc. 113 4.38% $11,035
GUARANTEED RATE AFFINITY, LLC 109 4.26% $11,150
Barrington Bank & Trust Company, N.A. 107 4.43% $12,250
LOANPAL, LLC 103 3.56% $14,619
BAY EQUITY LLC 99 4.62% $14,866
Century Mortgage Company DBA Century Lending Company 90 4.54% $14,141
Equity Prime Mortgage LLC 87 5.08% $12,057
ARK-LA-TEX FINANCIAL SERVICES, LLC. 84 4.59% $16,556
ALAMEDA MORTGAGE CORPORATION 83 4.53% $14,394
PLAZA HOME MORTGAGE, INC. 81 4.57% $16,078
MORTGAGE SOLUTIONS OF COLORADO, LLC 81 4.93% $14,914
S1L, Inc. 79 4.62% $16,715
Commerce Home Mortgage, Inc. 77 3.99% $13,077
RESIDENTIAL BANCORP 74 4.46% $13,272
South Pacific Financial Corporation 74 4.31% $16,294
Lakeview Community Capital, LLC 72 3.21% $6,550
NETWORK CAPITAL FUNDING CORPORATION 71 3.75% $12,934
Franklin Loan Corporation 69 4.69% $11,745
FBC MORTGAGE, LLC 69 4.30% $12,823
JMJ FINANCIAL GROUP 67 4.72% $19,893
MUTUAL OF OMAHA MORTGAGE, INC. 65 4.29% $16,588
PULTE MORTGAGE LLC 62 4.22% $9,614
Magnolia Bank 61 4.21% $16,656
KINGS MORTGAGE SERVICES, INC. 60 4.86% $11,231
OCMBC, INC. 59 4.66% $14,265
Nations Lending Corporation 58 4.86% $16,046
U.S. Bank 57 4.33% $13,561
INSPIRE HOME LOANS INC. 56 4.35% $15,525
EVERETT FINANCIAL, INC. 56 4.21% $12,704
NBKC BANK 56 3.87% $9,514
FRONTWAVE 56 3.29% $6,607
AUGUSTA FINANCIAL, INC. 54 4.41% $16,240
North American Savings Bank, F.S.B. 53 3.85% $13,397
MUFG Union Bank 52 4.05% $10,930
Hometown Lenders, Inc. 52 4.52% $13,692
Strong Home Mortgage, LLC 50 3.24% $12,509
ROUNDPOINT MORTGAGE SERVICING CORPORATION 49 4.46% $16,290
RESIDENTIAL WHOLESALE MORTGAGE, INC. 47 4.54% $16,325
NFM, INC. 47 4.74% $16,859
CHERRY CREEK MORTGAGE, LLC 46 4.29% $6,673
Hometown Equity Mortgage, LLC 45 4.37% $15,150
PREMIER MORTGAGE RESOURCES, L.L.C. 44 4.54% $16,701
VERITAS FUNDING, LLC 41 5.01% $21,223
LADERA LENDING, INC. 41 4.27% $11,785
MASON MCDUFFIE MORTGAGE CORPORATION 40 4.28% $15,491
Low VA Rates, LLC 40 4.05% $17,343
MOUNTAIN WEST FINANCIAL, INC. 39 4.10% $12,341
CORNERSTONE HOME LENDING, INC. 39 4.75% $13,143
ACADEMY MORTGAGE CORPORATION 38 4.86% $16,250
CALCON MUTUAL MORTGAGE LLC 36 4.89% $13,545
DRAPER AND KRAMER MORTGAGE CORP. 36 3.95% $12,484
AXIA FINANCIAL, LLC 36 4.74% $13,217
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 36 4.28% $9,926
HOMEOWNERS FINANCIAL GROUP USA, LLC 35 4.72% $17,255
Texana Bank 35 3.58% $13,362
BNC National Bank 35 3.60% $9,950
FIRST NATIONS HOME FINANCE CORPORATION 34 4.90% $10,115
Prosperity Home Mortgage, LLC 33 4.83% $18,055
Pacific Lending LLC 33 4.28% $12,660
MLD MORTGAGE INC. 33 4.33% $14,487
DIGNIFIED HOME LOANS, LLC 32 4.65% $13,096
Amerifirst Financial, Inc. 30 4.89% $14,197
JPMorgan Chase Bank 30 4.08% $8,891
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 30 4.75% $12,114
SECURITYNATIONAL MORTGAGE COMPANY 30 4.71% $16,078
Shea Mortgage Inc. 29 4.45% $10,071
Armed Forces Bank 29 3.93% $13,130
AMCAP MORTGAGE, LTD. 29 4.64% $19,728
PRIMARY RESIDENTIAL MORTGAGE, INC. 28 4.30% $13,021
SOVEREIGN LENDING GROUP INCORPORATED 28 3.98% $14,584
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 28 4.68% $13,117
GENEVA FINANCIAL, LLC 27 5.00% $16,335
AMERICAN FINANCING CORPORATION 26 3.36% $12,461
Plains Commerce Bank 26 4.36% $13,416
GRANDE HOMES, INC. 26 3.51% $11,710
HighTechLending Inc 25 4.40% $11,912
SCENIC OAKS FUNDING, INC. 25 4.84% $14,796
ENVOY MORTGAGE, LTD 24 4.77% $10,340
DATA MORTGAGE, INC. 23 4.72% $17,710
Mid-Continent Funding, Inc. 22 4.80% $15,703
CUSTOMER SERVICE MORTGAGE CORPORATION 22 4.47% $13,350
TJC Mortgage, Inc. 21 3.06% $13,844
Platinum Home Mortgage Corporation 21 5.21% $10,932
INTERCAP LENDING INC. 20 4.30% $11,690
First Federal Bank 20 4.40% $18,850
HOMESIDE FINANCIAL, LLC 19 3.85% $16,241
Wyndham Capital Mortgage, Inc. 18 3.24% $7,570
Watermark Capital, Inc. 17 3.73% $10,546
BECKAM FUNDING CORP. 17 4.38% $24,287
CHURCHILL MORTGAGE CORPORATION 17 4.97% $16,320
ONY GLO, INC. 17 4.01% $13,584
CANOPY MORTGAGE, LLC 17 4.25% $9,104
San Diego Funding 16 4.66% $28,019
Northpointe Bank 16 4.35% $14,533
COASTAL FUNDING SLC, INC. 16 4.57% $14,837
NBH Bank 16 3.66% $10,606
First Guaranty Mortgage Corporation 15 3.43% $8,442
BELEM SERVICING LLC 15 3.23% $14,123
UNION HOME MORTGAGE CORP. 15 3.44% $9,596
Sunflower Bank 15 4.41% $9,220
KD CAPITAL MORTGAGE CORPORATION 14 4.09% $11,815
M&T Bank 14 3.06% $6,999
AHL FUNDING 14 4.30% $10,603
JMAC LENDING, INC. 14 4.99% $18,192
ML Mortgage Corp. 13 4.61% $16,363
Prime Choice Funding Inc. 13 3.05% $9,431
Ameris Bank 13 4.43% $8,420
DAS Acquisition Company, LLC 13 5.12% $21,325
MORTGAGE MANAGEMENT CONSULTANTS, INC. 12 4.99% $11,485
HOME APPROVALS DIRECT, INC. 12 4.31% $13,789
ZILLOW HOME LOANS, LLC 12 3.56% $8,784
NP, Inc. 12 3.60% $14,305
PREMIA MORTGAGE, LLC 12 4.59% $8,873
TRAVIS CREDIT UNION 12 3.79% $6,303
Umpqua Bank 12 3.99% $11,637
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 12 4.62% $20,124
First Savings Bank 11 3.73% $18,578
Wallick & Volk, Inc. 11 4.58% $8,893
iCore Lending, Inc. 11 4.36% $15,567
AMERIFIRST FINANCIAL CORPORATION 11 4.93% $13,629
CONTOUR MORTGAGE CORPORATION 11 4.42% $17,991
INFINITY EQUITY GROUP, INC. 11 5.27% $11,983
CHOICE LENDING CORP. 10 4.66% $17,047
MEGASTAR FINANCIAL CORP. 10 4.06% $12,562
Citizens Bank 10 4.60% $12,737
BEST CAPITAL FUNDING 9 3.67% $13,316
PACIFIC RESIDENTIAL MORTGAGE, LLC 9 4.28% $14,916
Bank of England 9 4.04% $12,858
Credence Funding Corporation 9 2.67% $6,747
LAND HOME FINANCIAL SERVICES, INC. 9 4.47% $16,128
ST FIN CORP 9 4.17% $17,608
CAPSTONE DIRECT, INC. 9 4.04% $11,607
MICHIGAN MUTUAL, INC. 9 4.47% $13,286
MORIA DEVELOPMENT, INC. 9 4.72% $23,540
PREMIER LENDING, INC. 8 4.19% $15,983
MID AMERICA MORTGAGE, INC. 8 3.88% $4,099
Meridian Bank Corporation 8 4.28% $11,587
PANORAMA MORTGAGE GROUP, LLC 8 5.14% $17,195
Bank of America 8 4.44% $18,412
NexBank 8 4.05% $14,447
AMERICAN FINANCIAL RESOURCES, INC. 7 4.82% $16,937
GUARANTY HOME MORTGAGE CORPORATION 7 3.93% $9,838
Loan Simple, Inc. 7 4.98% $11,446
NATIONWIDE MORTGAGE BANKERS, INC. 7 4.36% $18,938
CENTRAL COAST LENDING, INC. 7 4.08% $13,347
NOVA FINANCIAL & INVESTMENT CORPORATION 7 4.77% $11,922
EMBRACE HOME LOANS, INC. 7 3.57% $12,849
TOP FLITE FINANCIAL, INC. 6 4.88% $27,637
Mutual Federal Bank 6 4.29% $10,839
CASTLE & COOKE MORTGAGE, LLC 6 5.56% $18,046
LEADERONE FINANCIAL CORPORATION 6 4.46% $13,236
Florida Capital Bank 5 4.90% $7,516
First Bank 5 4.25% $7,465
VISION ONE MORTGAGE, INC. 5 5.08% $13,756
FIRST ALLIANCE HOME MORTGAGE, LLC 5 3.18% $19,736
THRIVE MORTGAGE, LLC 5 5.68% $11,549
IMPAC MORTGAGE CORP. 5 3.35% $31,474
INTELLILOAN, INC. 5 3.52% $8,054
Neighborhood Loans, Inc. 5 4.78% $12,302
S&S Financial 5 4.70% $9,115
ANGEL OAK HOME LOANS LLC 5 5.53% $13,331
OPEN MORTGAGE, LLC 5 3.98% $15,778
Summit Mortgage Corporation 4 4.03% $11,797
EMM LOANS LLC 4 4.38% $11,717
FirstBank 4 3.15% $5,270
FIRST CENTENNIAL MORTGAGE CORPORATION 4 5.69% $22,861
First Mortgage Solutions, LLC 4 3.25% $7,132
HOME FUNDING CORPORATION 4 3.94% $14,212
HOMEOWNERS FIRST MORTGAGE, LLC 4 5.12% $10,123
LENOX FINANCIAL MORTGAGE CORPORATION 4 4.09% $12,943
LIBERTY HOME MORTGAGE CORPORATION 4 3.66% $15,024
ON Q FINANCIAL, INC. 4 5.81% $10,901
RELIANCE FIRST CAPITAL, LLC 4 5.53% $29,674
SUNSTREET MORTGAGE, LLC 4 3.91% $18,034
TOWNE MORTGAGE COMPANY 4 4.63% $15,039
ROYAL UNITED MORTGAGE LLC 3 5.33% $22,810
AMERICAN INTERNET MORTGAGE, INC. 3 3.38% $3,706
FIRST COMMUNITY MORTGAGE, INC. 3 4.83% $15,106
PNC Bank 3 5.13% $13,195
Peoples Bank 3 4.25% $23,219
Goldwater Bank, N.A. 3 3.25% $7,005
MORTGAGE CAPITAL PARTNERS, INC. 3 4.08% $9,944
VAN DYK MORTGAGE CORPORATION 3 4.21% $15,491
UNITED MORTGAGE CORP 3 4.96% $19,220
United Fidelity Funding Corp. 3 4.50% $15,524
TruHome Solutions, LLC 3 3.21% $24,722
Zions Bank 3 4.13% $13,317
ISERVE RESIDENTIAL LENDING, LLC 3 3.63% $18,336
Banner Bank 3 2.50% $5,749
The Central Trust Bank 3 3.58% $7,077
Alaska USA Mortgage Company LLC 3 3.92% $3,630
Academy Bank 3 4.92% $14,798
AMERICAN ADVISORS GROUP 3 4.25% $11,011
NuVision Federal Credit Union 2 4.13% $19,089
LOANFLIGHT LENDING, LLC 2 2.69% $2,736
LHM FINANCIAL CORPORATION 2 4.13% $19,902
LENDING 3, INC. 2 7.00% $29,803
Willamette Valley Bank 2 3.31% $10,154
HomePromise Corporation 2 5.56% $16,132
GoPrime Mortgage, Inc. 2 4.63% $18,058
PHH Mortgage Corporation 2 4.13% $13,092
GOLDEN WEST ALLIANCE, INC. 2 3.94% $22,920
FLAT BRANCH MORTGAGE, INC. 2 3.63% $11,440
First Western Trust Bank 2 6.50% $15,964
First Home Bank 2 2.69% $11,028
First Federal Bank of Kansas City 2 3.13% $12,951
Financial Funding Solutions, Inc. 2 3.25% $5,806
FEDERATED MORTGAGE CORP. 2 2.69% $8,290
RANLIFE, INC. 2 4.44% $32,392
Evolve Bank & Trust 2 2.81% $26,116
DIRECTORS MORTGAGE, INC. 2 6.13% $20,472
DIRECTIONS EQUITY, LLC 2 6.25% $5,392
Service Federal Credit Union 2 4.31% $11,323
Citibank 2 5.00% $13,833
SUCCESS MORTGAGE PARTNERS, INC. 2 5.56% $15,808
Capital Bank 2 4.31% $5,325
CALCULATED RISK ANALYTICS LLC 2 4.19% $17,983
T2 FINANCIAL LLC 2 6.00% $5,541
The Home Loan Expert LLC 2 3.75% $18,540
Bank of the West 2 4.75% $32,517
AmeriHome Mortgage Company, LLC 2 5.43% $14,377
V.I.P. MORTGAGE, INC. 2 6.25% $5,280
Waterstone Mortgage Corporation 2 4.63% $4,040
NATIONS RELIABLE LENDING, LLC 2 3.25% $12,863
Extraco Banks 1 5.00% $62,065
Residential Mortgage Solutions, Inc. 1 6.25% $15,923
Valley First Credit Union 1 6.13% $4,586
EVANSVILLE TEACHERS 1 6.75% $7,918
HOMESTEAD FUNDING CORP. 1 5.00% $2,805
NEW WEST LENDING, INC. 1 3.63% $9,167
DIRECT MORTGAGE, CORP. 1 4.88% $20,132
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.25% $3,511
DEL SUR CORPORATION 1 3.38% $33,281
American Mortgage & Equity Consultants, Inc. 1 6.75% $21,455
Servion, Inc. 1 4.50% $3,477
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.25% $14,771
Community First National Bank 1 5.63% $5,727
SIRVA MORTGAGE, INC. 1 5.88% $26,216
SIWELL, INC. 1 3.25% $2,732
SNAPFI, INC. 1 4.75% $15,557
Colonial Savings, F.A. 1 3.00% $27,818
SOUTHWEST STAGE FUNDING, LLC 1 5.63% $11,509
COASTHILLS 1 3.13% $11,296
CITYWIDE HOME LOANS, LLC 1 3.63% $23,106
STEARNS LENDING, LLC 1 2.88% $15,854
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.50% $2,868
MANN FINANCIAL INC. 1 6.25% $155,972
Lend Smart Mortgage, LLC 1 4.25% $4,567
AMERICAN HOME LENDING USA, LLC 1 2.75% $13,788
HomeStreet Bank 1 4.13% $8,769
SUN AMERICAN MORTGAGE COMPANY 1 4.38% $12,892
CAMPOS FINANCIAL CORP. 1 4.75% $16,305
OAKTREE FUNDING CORP. 1 2.50% $12,232
MANHATTAN FINANCIAL GROUP, INC. 1 2.88% $1,890
MONARCH FUNDING CORP. 1 5.25% $4,008
TBI MORTGAGE COMPANY 1 2.88% $2,725
BOKF 1 3.00% $5,519
MERCO Credit Union 1 5.13% $5,789
BLUELEAF LENDING, LLC 1 4.88% $31,464
ALLIED MORTGAGE GROUP, INC. 1 5.88% $18,221
THE MORTGAGE FIRM, INC. 1 3.25% $10,238
BETTER MORTGAGE CORPORATION 1 5.00% $5,581
BAYSHORE MORTGAGE FUNDING, LLC 1 6.25% $27,783
INLAND BANK & TRUST 1 4.75% $16,219
Ixonia Bank 1 5.25% $22,142
Town Square Mortgage & Investments, Inc. 1 4.38% $17,875
West Town Bank & Trust 1 4.63% $16,028
Paramount Bank 1 2.75% $35,398
GREENSTATE CREDIT UNION 1 6.63% $10,193
PARTNERS UNITED FINANCIAL, LLC 1 5.13% $6,317
JAMES B. NUTTER & COMPANY 1 4.75% $7,032
HAMILTON HOME LOANS, INC. 1 2.99% $4,592
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $27,757
Truist 1 4.00% $3,445
PINNACLE LENDING GROUP, INC. 1 3.88% $7,998
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 2.50% $7,183
Aurora Financial, LLC 1 4.25% $2,294
JET DIRECT FUNDING CORP 1 3.13% $2,956
First State Bank of St. Charles, Missouri 1 2.75% $26,564
PLUS RELOCATION MORTGAGE, LLC 1 6.75% $49,008
HOME MORTGAGE ALLIANCE, LLC 1 2.88% $17,100
First Option Mortgage, LLC 1 4.88% $3,354
First Internet Bank of Indiana 1 5.63% $5,600
KELLER MORTGAGE, LLC 1 3.63% $18,764
First Heritage Mortgage, LLC 1 4.99% $5,916
Arvest Bank 1 4.88% $5,337
PACIFIC HOME LOANS, INC. 1 3.75% $7,920
First Bank 1 6.25% $17,254
University Bank 1 6.00% $6,340
AMWEST FUNDING CORP. 1 3.13% $483,718
MORTGAGE EXPRESS, LLC 1 4.75% $17,761
Alerus Financial 1 6.50% $33,938

The top California VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 6,178 VA loans originated. Their average total fees are $12,861, which is $701 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee California VA lenders (with over 10 loans originated) are TRAVIS CREDIT UNION ($6,303), Lakeview Community Capital, LLC ($6,550), FRONTWAVE ($6,607), CHERRY CREEK MORTGAGE, LLC ($6,673) and M&T Bank ($6,999).

The lowest rate California VA lenders (with over 10 loans originated) are Prime Choice Funding Inc. (3.05%), TJC Mortgage, Inc. (3.06%), M&T Bank (3.06%), LAKEVIEW LOAN SERVICING, LLC (3.18%) and Lakeview Community Capital, LLC (3.21%).

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.