Georgia VA Loan Rates, Closing Costs & Stats

Georgia

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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.

    Georgia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Georgia averaged 7.05% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Georgia's average VA mortgage closing costs are $6,340.

    The average rate for the prior week (2025-05-16) was 6.53% and one month ago for the week of 2025-04-18, the average rate was 6.8%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.74%.

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

    Georgia 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 Georgia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 3,670 6.45% $5,855
    UNITED WHOLESALE MORTGAGE, LLC 2,599 5.97% $8,246
    QUICKEN LOANS, LLC 1,863 6.06% $10,578
    FREEDOM MORTGAGE CORPORATION 1,520 6.18% $8,188
    NAVY FEDERAL CREDIT UNION 924 5.89% $6,262
    PENNYMAC LOAN SERVICES, LLC 761 5.74% $8,236
    VILLAGE CAPITAL MORTGAGE 587 5.81% $6,888
    DHI MORTGAGE COMPANY, LTD. 581 5.23% $6,956
    BROKER SOLUTIONS, INC. 568 6.37% $10,607
    GUILD MORTGAGE COMPANY 445 6.20% $10,310
    USAA Federal Savings Bank 441 6.28% $7,894
    NEW DAY FINANCIAL, LLC 432 7.50% $11,572
    LOANDEPOT.COM, LLC 403 5.93% $10,198
    MOVEMENT MORTGAGE, LLC 392 6.22% $10,623
    Ameris Bank 361 6.12% $9,188
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 320 6.41% $7,527
    CROSSCOUNTRY MORTGAGE, LLC 309 6.28% $8,479
    MORTGAGE SOLUTIONS OF COLORADO, LLC 308 7.14% $4,824
    NEWREZ LLC 305 6.01% $7,481
    PLANET HOME LENDING, LLC 289 5.93% $5,053
    VANDERBILT MORTGAGE AND FINANCE, INC. 279 6.05% $7,132
    GUARANTEED RATE, INC. 277 6.21% $7,230
    CANOPY MORTGAGE, LLC 257 6.15% $16,249
    The Federal Savings Bank 245 6.30% $16,598
    BANKSOUTH MORTGAGE COMPANY, LLC 191 6.17% $11,246
    Mr. Cooper ( Nationstar Mortgage ) 177 6.18% $9,661
    CMG MORTGAGE, INC. 176 6.10% $10,530
    Equity Prime Mortgage LLC 151 6.73% $8,440
    Magnolia Bank 133 6.03% $13,961
    Flagstar Bank, FSB 130 6.27% $7,404
    Barrington Bank & Trust Company, N.A. 126 6.31% $6,949
    Presidential Bank, FSB 125 6.25% $8,256
    LAKEVIEW LOAN SERVICING, LLC 120 5.78% $6,144
    PULTE MORTGAGE LLC 118 5.52% $5,303
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 117 6.28% $9,673
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 116 6.13% $8,589
    NBKC BANK 116 5.92% $7,121
    CLEARPATH LENDING 115 5.76% $8,280
    Synovus Bank 112 6.00% $8,755
    Carrington Mortgage Services, LLC 108 6.03% $10,118
    MUTUAL OF OMAHA MORTGAGE, INC. 102 6.18% $13,623
    PENTAGON FEDERAL CREDIT UNION 102 5.97% $8,283
    Prosperity Home Mortgage, LLC 101 6.14% $9,507
    Century Mortgage Company DBA Century Lending Company 100 6.19% $7,861
    Colony Bank 98 6.33% $6,177
    Lakeview Community Capital, LLC 97 5.73% $5,718
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 92 6.34% $7,475
    FBC MORTGAGE, LLC 86 5.42% $5,474
    UNION HOME MORTGAGE CORP. 86 6.24% $9,012
    CARDINAL FINANCIAL 86 6.58% $12,241
    Renasant Bank 81 6.12% $9,276
    INSPIRE HOME LOANS INC. 81 5.34% $6,593
    Plains Commerce Bank 76 6.36% $8,726
    EVERETT FINANCIAL, INC. 76 6.60% $11,646
    AMERICAN PACIFIC MORTGAGE CORPORATION 75 6.41% $10,416
    Paramount Residential Mortgage Group, Inc. 75 6.41% $9,451
    HOMESIDE FINANCIAL, LLC 73 6.40% $13,196
    TOWNE MORTGAGE COMPANY 73 6.55% $9,877
    AMERICAN FINANCIAL NETWORK, INC. 69 6.20% $7,345
    First Heritage Mortgage, LLC 67 5.91% $13,773
    EAGLE HOME MORTGAGE, LLC 64 5.18% $4,968
    AmeriHome Mortgage Company, LLC 61 6.10% $5,504
    First Federal Bank 59 5.82% $7,125
    South State Bank 55 6.07% $9,434
    AMERISAVE MORTGAGE CORPORATION 55 5.72% $16,682
    ZILLOW HOME LOANS, LLC 55 6.31% $7,902
    HOMEOWNERS FINANCIAL GROUP USA, LLC 54 6.18% $8,140
    Mid-Continent Funding, Inc. 54 5.98% $7,948
    PLAZA HOME MORTGAGE, INC. 54 6.30% $12,111
    MILEND, INC. 51 6.60% $16,782
    Queensborough National Bank & Trust Company 50 6.16% $10,521
    FIRST CONTINENTAL MORTGAGE, LTD. 50 6.06% $6,784
    HOMEBRIDGE FINANCIAL SERVICES, INC. 48 6.47% $5,480
    FIRST COMMUNITY MORTGAGE, INC. 47 6.48% $7,856
    PRIMELENDING, A PLAINSCAPITAL COMPANY 47 6.35% $6,563
    SUN WEST MORTGAGE COMPANY, INC. 47 6.11% $8,851
    AUGUSTA MORTGAGE CO. 46 6.01% $12,314
    SWBC MORTGAGE CORPORATION 45 6.29% $6,350
    STOCKTON MORTGAGE CORPORATION 45 6.41% $8,112
    NFM, INC. 44 6.41% $12,232
    AMERICAN FINANCING CORPORATION 41 5.94% $12,842
    LOANPAL, LLC 40 5.88% $12,566
    GUARANTEED RATE AFFINITY, LLC 40 6.24% $9,231
    Northpointe Bank 39 6.31% $8,797
    Truist 39 6.19% $6,027
    ACOPIA, LLC 38 6.28% $5,620
    JPMorgan Chase Bank 37 5.86% $5,375
    NVR Mortgage Finance, Inc. 36 5.76% $5,800
    SUMMIT FUNDING, INC. 36 6.77% $8,083
    Regions Bank 35 6.09% $11,396
    PHH Mortgage Corporation 33 5.83% $5,979
    Nations Lending Corporation 33 6.30% $13,061
    Credence Funding Corporation 32 5.58% $6,453
    Wells Fargo Bank 31 5.97% $7,180
    MORTGAGEONE, INC. 30 6.90% $4,828
    BancorpSouth 29 6.22% $7,876
    SOUTHPOINT FINANCIAL SERVICES, INC. 28 6.69% $6,823
    FIRST COLONY MORTGAGE CORPORATION 28 6.08% $10,733
    Armed Forces Bank 27 6.03% $8,423
    Capital City Home Loans, LLC 27 6.57% $11,514
    Cornerstone First Mortgage, Inc 27 6.52% $12,097
    OCMBC, INC. 27 6.41% $6,810
    VERITAS FUNDING, LLC 27 6.42% $22,378
    DIRECT LENDERS, LLC 26 5.92% $5,391
    TJC Mortgage, Inc. 25 6.02% $11,311
    Alcova Mortgage LLC 25 6.36% $8,149
    South Pacific Financial Corporation 24 5.29% $6,341
    RELIANCE FIRST CAPITAL, LLC 24 6.54% $11,305
    SUCCESS MORTGAGE PARTNERS, INC. 23 6.30% $12,042
    PREMIER MORTGAGE RESOURCES, L.L.C. 22 6.47% $10,648
    FIRST CHOICE MORTGAGE, INC. 21 6.61% $10,476
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 21 5.88% $12,931
    AMERICAN FINANCIAL RESOURCES, INC. 19 6.60% $12,611
    BAY EQUITY LLC 18 6.28% $11,618
    The Loan Store, Inc. 18 6.01% $9,444
    GENEVA FINANCIAL, LLC 18 6.90% $7,704
    DAS Acquisition Company, LLC 17 6.63% $5,540
    United Community Bank 17 5.88% $7,866
    VAN DYK MORTGAGE CORPORATION 17 6.28% $8,255
    EMM LOANS LLC 17 6.42% $8,981
    VICTORY MORTGAGE, L.L.C. 17 5.93% $6,291
    NORWICH COMMERCIAL GROUP, INC. 16 6.05% $6,668
    U.S. Bank 16 6.22% $8,010
    SECURITYNATIONAL MORTGAGE COMPANY 16 6.27% $10,555
    INTERCOASTAL MORTGAGE COMPANY 15 6.54% $7,449
    ENVOY MORTGAGE, LTD 15 6.71% $9,982
    RUOFF MORTGAGE COMPANY, INC. 15 6.48% $5,863
    Ixonia Bank 14 6.21% $15,864
    GoPrime Mortgage, Inc. 14 6.54% $9,861
    ServisFirst Bank 13 6.24% $7,257
    ALLIED MORTGAGE GROUP, INC. 13 5.90% $7,472
    CityWorth Mortgage LLC 13 6.43% $13,331
    PREMIA MORTGAGE, LLC 13 5.65% $8,122
    MORTGAGE INVESTORS GROUP, INC. 13 6.06% $5,151
    Trustmark National Bank 12 5.99% $9,792
    FirstBank 12 6.25% $11,120
    Pinnacle Bank 12 5.98% $8,838
    Texana Bank 11 6.40% $12,012
    CONTOUR MORTGAGE CORPORATION 10 6.25% $9,018
    LEADERONE FINANCIAL CORPORATION 10 6.56% $11,449
    NATIONS DIRECT MORTGAGE, LLC 10 6.64% $9,210
    GUARANTY MORTGAGE SERVICES, L.L.C. 10 6.65% $14,906
    INTELLILOAN, INC. 9 6.22% $2,777
    CITY FIRST MORTGAGE SERVICES, L.L.C. 9 6.60% $12,089
    CAROLINA ONE MORTGAGE, LLC 9 6.05% $14,620
    Franklin Loan Corporation 9 5.90% $9,592
    Mortgage Assurance Inc. 9 6.06% $11,020
    US MORTGAGE CORPORATION 8 6.16% $9,480
    SHELTER HOME MORTGAGE, LLC 8 6.38% $11,551
    JMAC LENDING, INC. 8 5.91% $8,680
    CALCON MUTUAL MORTGAGE LLC 8 6.36% $13,200
    BAYSHORE MORTGAGE FUNDING, LLC 8 5.67% $9,055
    T2 FINANCIAL LLC 8 6.36% $15,102
    GMFS LLC 7 6.25% $6,079
    First Option Mortgage, LLC 7 6.73% $10,554
    North American Savings Bank, F.S.B. 7 6.07% $9,048
    RADIUS FINANCIAL GROUP INC. 7 6.36% $11,440
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 7 6.21% $5,611
    American Mortgage & Equity Consultants, Inc. 6 6.33% $10,924
    ALAMEDA MORTGAGE CORPORATION 6 6.46% $15,395
    Old National Bank 6 5.79% $9,366
    Waterstone Mortgage Corporation 6 6.31% $10,005
    TBI MORTGAGE COMPANY 6 5.98% $7,323
    M&T Bank 6 6.54% $8,331
    SOUTHWEST STAGE FUNDING, LLC 6 6.04% $437
    TOP FLITE FINANCIAL, INC. 6 6.83% $21,130
    INTERLINC MORTGAGE SERVICES, LLC 6 6.08% $3,605
    ROYAL UNITED MORTGAGE LLC 6 6.46% $13,822
    COMMUNITY MORTGAGE CORPORATION 6 6.38% $10,084
    CHURCHILL MORTGAGE CORPORATION 6 6.44% $10,373
    Keystone Funding, Inc. 6 6.27% $8,628
    Goldwater Bank, N.A. 6 6.46% $7,428
    The Central Trust Bank 5 6.22% $11,306
    1ST SIGNATURE LENDING, LLC 5 6.90% $13,905
    TENNESSEE VALLEY 5 6.43% $4,871
    MEMBER FIRST MORTGAGE, LLC 5 6.50% $5,428
    SENTE MORTGAGE, INC. 5 6.02% $10,122
    Gateway First Bank 5 6.13% $4,727
    Service Federal Credit Union 5 6.35% $6,466
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.53% $10,619
    ISERVE RESIDENTIAL LENDING, LLC 5 7.08% $15,015
    LOANFLIGHT LENDING, LLC 5 5.60% $8,500
    FIRST ALLIANCE HOME MORTGAGE, LLC 5 5.73% $5,251
    Sierra Pacific Mortgage Company, Inc. 5 6.60% $8,517
    PNC Bank 5 6.55% $6,122
    THE MORTGAGE FIRM, INC. 5 6.83% $5,583
    HOMESPIRE MORTGAGE CORPORATION 5 6.90% $6,373
    GERSHMAN INVESTMENT CORP. 4 6.19% $7,795
    First Reliance Bank 4 6.00% $14,819
    JET HOMELOANS, LLC 4 5.24% $12,050
    SRP Federal Credit Union 4 6.06% $4,857
    First Horizon Bank 4 6.00% $14,449
    Bank of England 4 6.59% $6,791
    Bank of America 4 6.53% $5,834
    ATLANTA POSTAL 4 6.25% $16,208
    Assurance Financial Group, L.L.C. 4 6.81% $10,268
    NATIONS RELIABLE LENDING, LLC 4 6.69% $13,125
    University Bank 4 6.19% $13,185
    NATIONWIDE MORTGAGE BANKERS, INC. 4 6.65% $11,946
    Wolfe Financial, Inc 4 6.91% $9,788
    ABSOLUTE HOME MORTGAGE CORPORATION 4 6.50% $8,685
    NJ LENDERS CORP. 4 5.81% $7,936
    LENOX FINANCIAL MORTGAGE CORPORATION 4 5.91% $3,362
    NP, Inc. 4 6.91% $10,373
    LIBERTY HOME MORTGAGE CORPORATION 4 6.66% $11,958
    Hometown Equity Mortgage, LLC 4 7.00% $9,550
    MICHIGAN MUTUAL, INC. 4 6.19% $5,579
    ROSS MORTGAGE CORPORATION 4 6.47% $8,283
    Citizens Bank 4 6.19% $9,460
    SIRVA MORTGAGE, INC. 4 6.38% $1,276
    HomePromise Corporation 3 7.63% $11,159
    NATION ONE MORTGAGE CORPORATION 3 6.58% $2,872
    Core Bank 3 6.00% $12,754
    TOTAL MORTGAGE SERVICES, LLC 3 6.33% $11,169
    MY MORTGAGE, INC. 3 6.54% $8,969
    Atlantic Coast Mortgage, LLC 3 6.00% $6,753
    PANORAMA MORTGAGE GROUP, LLC 3 6.92% $11,721
    SeaTrust Mortgage Company 3 6.63% $9,948
    Security Federal Bank 3 6.08% $7,782
    ALLIANT CREDIT UNION 3 6.08% $6,266
    American Mortgage Bank, LLC 3 6.33% $5,180
    BETTER MORTGAGE CORPORATION 3 5.71% $9,355
    MORTGAGE ACCESS CORP. 3 6.00% $7,409
    NexBank 3 5.92% $10,502
    Fifth Third Bank 3 6.38% $6,398
    SOVEREIGN LENDING GROUP INCORPORATED 3 5.79% $5,129
    American Security Mortgage Corp. 3 6.00% $10,020
    Farmers Bank & Trust 3 5.67% $5,734
    Commerce Home Mortgage, Inc. 3 5.63% $6,240
    AMERITRUST MORTGAGE CORPORATION 3 7.50% $2,945
    Residential Mortgage Solutions, Inc. 3 6.00% $7,190
    First Community Bank 3 6.63% $5,871
    ROBINS FINANCIAL 2 5.94% $14,118
    Southern First Bank 2 6.81% $3,567
    S1L, Inc. 2 6.44% $4,526
    SANCTUARY HOME MORTGAGE LLC 2 6.12% $18,332
    The Huntington National Bank 2 6.69% $13,372
    BAY-VALLEY MORTGAGE GROUP 2 6.06% $14,316
    GARDNER FINANCIAL SERVICES, LTD. 2 6.19% $7,600
    First-Citizens Bank & Trust Company 2 5.56% $4,206
    Blue Ridge Bank 2 6.06% $4,252
    Strong Home Mortgage, LLC 2 5.50% $4,130
    NBH Bank 2 6.44% $4,304
    Capital Bank 2 6.38% $12,616
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.25% $6,054
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 5.94% $9,989
    FLAT BRANCH MORTGAGE, INC. 2 5.94% $6,119
    ENDEAVOR CAPITAL, LLC. 2 6.75% $5,671
    HOMESTEAD FUNDING CORP. 2 6.19% $5,213
    EMBRACE HOME LOANS, INC. 2 5.62% $4,946
    Stride Bank 2 6.38% $8,050
    DIRECT MORTGAGE LOANS, LLC 2 6.81% $9,274
    Arvest Bank 2 5.69% $7,104
    CRESCENT MORTGAGE COMPANY 2 5.63% $2,792
    Stifel Bank and Trust 2 5.88% $2,738
    UNITED MORTGAGE CORP 2 6.13% $7,683
    MID AMERICA MORTGAGE, INC. 2 6.38% $6,856
    Princeton Mortgage Corporation 2 6.44% $13,357
    First Western Trust Bank 2 6.50% $3,451
    AXIA FINANCIAL, LLC 2 7.00% $6,489
    RAPID MORTGAGE COMPANY 2 6.99% $8,042
    COMPASS MORTGAGE, INC. 2 6.75% $14,230
    Towne Bank 2 6.19% $4,814
    Residential Acceptance Corporation 2 7.81% $12,876
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 5.62% $14,633
    Servion, Inc. 1 7.13% $8,601
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.75% $4,293
    HOME SOLUTION LENDERS INC. 1 6.50% $1,195
    INB 1 6.25% $3,250
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $11,927
    KeyBank 1 6.25% $9,901
    Loan Simple, Inc. 1 6.99% $15,656
    Flanagan State Bank 1 7.13% $6,522
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.00% $12,706
    Meridian Bank Corporation 1 6.75% $6,999
    Midwest Mortgage Associates Corporation 1 7.13% $8,280
    First United Bank and Trust Company 1 6.38% $15,649
    MLD MORTGAGE INC. 1 6.13% $7,088
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.75% $3,225
    First State Bank of St. Charles, Missouri 1 5.63% $17,055
    First Palmetto Bank 1 6.13% $5,544
    First National Bank Texas 1 6.13% $15,781
    MSA MORTGAGE, LLC 1 6.25% $11,811
    NASA Federal Credit Union 1 5.88% $24,239
    FIRST HOME MORTGAGE CORPORATION 1 6.75% $9,952
    NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $11,826
    First Bank 1 6.25% $2,524
    NORTHPOINT MORTGAGE, INC. 1 6.75% $37,466
    Evolve Bank & Trust 1 6.75% $19,249
    EVANSVILLE TEACHERS 1 5.75% $8,640
    OCEANSIDE MORTGAGE COMPANY 1 6.63% $2,277
    OPEN MORTGAGE, LLC 1 6.75% $9,501
    Paramount Bank 1 5.88% $3,852
    Encompass Lending Group, LP 1 7.13% $5,154
    East Coast Capital Corp. 1 6.25% $835
    DIRECT MORTGAGE, CORP. 1 6.63% $8,285
    DELMAR FINANCIAL COMPANY 1 5.75% $6,580
    DATA MORTGAGE, INC. 1 6.13% $3,696
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.63% $1,932
    CREDIT UNION FINANCIAL SERVICES, LLC 1 6.00% $9,246
    Countybank 1 6.63% $2,708
    CORNERSTONE HOME LENDING, INC. 1 6.25% $22,194
    RESOURCE FINANCIAL SERVICES, INC. 1 6.50% $4,245
    City National Bank of Florida 1 6.13% $0
    Home Mortgage Alliance Corp 1 7.13% $14,584
    SOUTH CENTRAL BANK, INC. 1 6.50% $19,386
    SOUTHERN TRUST MORTGAGE, LLC 1 6.13% $10,715
    SouthPoint Bank 1 5.38% $7,233
    CAPITAL CENTER, L.L.C. 1 6.13% $0
    SOUTHWEST FUNDING, LP 1 6.63% $11,041
    BOKF 1 6.63% $9,535
    Sunflower Bank 1 5.99% $3,912
    Bell Bank 1 5.88% $7,414
    The Freedom Bank of Virginia 1 6.49% $18,879
    BankPlus 1 6.63% $2,656
    Total Media Management, LLC 1 5.75% $22,955
    TruHome Solutions, LLC 1 6.50% $3,129
    Tyndall Federal Credit Union 1 5.50% $4,541
    Union Savings Bank 1 5.75% $0
    United Bank 1 6.63% $10,743
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 6.75% $5,498
    V.I.P. MORTGAGE, INC. 1 5.63% $16,666
    VYSTAR 1 7.50% $3,116
    Academy Bank 1 6.75% $5,961
    WesBanco 1 5.75% $2,953
    Wilmington Savings Fund Society, FSB 1 6.75% $3,980

    The top Georgia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 3,670 VA loans originated. Their average total fees are $5,855, which is $2,390 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Georgia VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,824), MORTGAGEONE, INC. ($4,828), EAGLE HOME MORTGAGE, LLC ($4,968), PLANET HOME LENDING, LLC ($5,053) and MORTGAGE INVESTORS GROUP, INC. ($5,151).

    The lowest rate Georgia VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.18%), DHI MORTGAGE COMPANY, LTD. (5.23%), South Pacific Financial Corporation (5.29%), INSPIRE HOME LOANS INC. (5.34%) and FBC MORTGAGE, LLC (5.42%).

    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.