Tennessee VA Loan Rates, Closing Costs & Stats

Tennessee

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.

Tennessee VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Tennessee averaged -0.3% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Tennessee's average VA mortgage closing costs are $5,913.

The average rate for the prior week (2024-02-16) was 6.07% and one month ago for the week of 2024-01-19, the average rate was 5.83%.

The average rate one year ago was 5.94%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.96%.

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

Tennessee 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 Tennessee level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 2,785 4.91% $7,295
QUICKEN LOANS, LLC 1,210 4.24% $10,936
UNITED WHOLESALE MORTGAGE, LLC 802 4.38% $9,555
FREEDOM MORTGAGE CORPORATION 718 4.25% $10,964
NAVY FEDERAL CREDIT UNION 622 3.98% $7,412
PENNYMAC LOAN SERVICES, LLC 582 3.61% $10,176
LOANDEPOT.COM, LLC 449 4.22% $10,793
NEW DAY FINANCIAL, LLC 422 5.01% $11,665
USAA Federal Savings Bank 381 4.39% $7,939
MORTGAGE INVESTORS GROUP, INC. 357 4.73% $6,937
FIRST COMMUNITY MORTGAGE, INC. 285 4.55% $7,947
CMG MORTGAGE, INC. 264 4.96% $11,986
GUARANTEED RATE, INC. 258 4.55% $8,273
MOVEMENT MORTGAGE, LLC 229 4.70% $7,317
DHI MORTGAGE COMPANY, LTD. 214 4.32% $7,289
CROSSCOUNTRY MORTGAGE, LLC 194 5.15% $10,458
CARDINAL FINANCIAL 194 5.01% $12,255
The Federal Savings Bank 179 4.71% $14,726
Mr. Cooper ( Nationstar Mortgage ) 178 4.64% $10,330
F&M Bank 166 4.28% $9,863
Flagstar Bank, FSB 159 4.60% $10,866
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 157 4.55% $7,214
CALIBER HOME LOANS, INC. 146 4.58% $10,112
HOME POINT FINANCIAL CORPORATION 140 4.24% $8,869
COMMUNITY MORTGAGE CORPORATION 136 4.65% $10,497
AMERISAVE MORTGAGE CORPORATION 129 4.24% $12,233
MORTGAGE SOLUTIONS OF COLORADO, LLC 128 5.29% $8,071
BROKER SOLUTIONS, INC. 123 4.67% $10,137
Carrington Mortgage Services, LLC 112 4.75% $10,996
PENTAGON FEDERAL CREDIT UNION 108 3.77% $7,848
FirstBank 107 4.53% $8,368
LAKEVIEW LOAN SERVICING, LLC 105 3.35% $5,204
VILLAGE CAPITAL MORTGAGE 98 4.08% $8,090
ARK-LA-TEX FINANCIAL SERVICES, LLC. 91 4.77% $8,844
NEWREZ LLC 84 4.40% $9,906
CLEARPATH LENDING 81 4.03% $12,717
UNION HOME MORTGAGE CORP. 78 4.50% $11,454
Wells Fargo Bank 75 4.29% $7,274
VAN DYK MORTGAGE CORPORATION 73 4.74% $9,477
NVR Mortgage Finance, Inc. 72 4.02% $8,235
Regions Bank 71 4.63% $8,611
STOCKTON MORTGAGE CORPORATION 71 4.95% $11,431
Barrington Bank & Trust Company, N.A. 69 4.66% $6,608
SOUTHWEST FUNDING, LP 67 5.31% $14,186
SWBC MORTGAGE CORPORATION 64 4.76% $8,512
Legacy Home Loans, LLC 64 4.59% $10,057
PLANET HOME LENDING, LLC 64 4.48% $8,934
AMERICAN PACIFIC MORTGAGE CORPORATION 64 4.75% $12,155
MUTUAL OF OMAHA MORTGAGE, INC. 62 4.22% $9,351
First Horizon Bank 62 4.20% $7,191
Northpointe Bank 61 4.21% $10,365
U.S. Bank 61 4.50% $7,487
Mid-Continent Funding, Inc. 60 4.86% $8,704
ACOPIA, LLC 58 4.85% $7,326
CHURCHILL MORTGAGE CORPORATION 55 4.67% $13,119
Patriot Bank 54 4.52% $9,719
AMERICAN MORTGAGE SERVICE COMPANY 53 4.54% $8,483
Bank of England 49 4.55% $10,643
VANDERBILT MORTGAGE AND FINANCE, INC. 46 4.42% $10,730
NFM, INC. 44 5.37% $10,679
Nations Lending Corporation 44 5.14% $10,182
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 43 4.94% $11,037
GUILD MORTGAGE COMPANY 43 4.39% $8,780
PRIMARY RESIDENTIAL MORTGAGE, INC. 41 4.67% $10,198
North American Savings Bank, F.S.B. 39 3.90% $10,629
EVERETT FINANCIAL, INC. 38 5.39% $7,919
RELIANCE FIRST CAPITAL, LLC 37 4.81% $7,941
CapStar Bank 37 4.29% $13,013
Renasant Bank 36 4.37% $11,008
Pinnacle Bank 35 4.74% $10,661
INTERLINC MORTGAGE SERVICES, LLC 34 4.99% $10,024
Magnolia Bank 34 4.29% $14,325
TJC Mortgage, Inc. 33 4.17% $10,613
DAS Acquisition Company, LLC 32 4.91% $9,749
Citizens Bank 32 4.48% $8,700
HOMESIDE FINANCIAL, LLC 31 5.06% $9,199
Sierra Pacific Mortgage Company, Inc. 31 4.46% $10,854
Equity Prime Mortgage LLC 31 5.29% $9,834
SUCCESS MORTGAGE PARTNERS, INC. 29 5.01% $9,151
EAGLE HOME MORTGAGE, LLC 29 4.53% $5,358
The Home Loan Expert LLC 29 4.75% $9,646
PRIMELENDING, A PLAINSCAPITAL COMPANY 28 4.76% $9,951
T2 FINANCIAL LLC 28 5.05% $10,996
GUARANTY HOME MORTGAGE CORPORATION 27 4.17% $6,706
NBKC BANK 27 4.00% $9,699
United Community Bank 27 4.83% $7,995
Gateway First Bank 27 4.87% $9,826
Truist 26 4.05% $6,461
BARTLETT MORTGAGE, INC. 25 4.55% $9,106
HANCOCK MORTGAGE PARTNERS, LLC 25 5.28% $10,816
SECURITYNATIONAL MORTGAGE COMPANY 25 4.97% $9,842
The First National Bank of Middle Tennessee 24 4.46% $10,435
Wolfe Financial, Inc 23 4.99% $8,887
Texana Bank 23 4.29% $11,103
First Guaranty Mortgage Corporation 23 3.82% $7,900
Ameris Bank 23 4.72% $10,057
Low VA Rates, LLC 23 3.98% $14,867
AMCAP MORTGAGE, LTD. 22 5.13% $9,730
Fortera Federal Credit Union 22 4.42% $6,494
The Central Trust Bank 22 3.74% $9,721
HOMEBRIDGE FINANCIAL SERVICES, INC. 21 4.48% $7,907
SOVEREIGN LENDING GROUP INCORPORATED 20 4.14% $11,572
PULTE MORTGAGE LLC 20 5.00% $6,752
Paramount Residential Mortgage Group, Inc. 20 4.71% $10,157
CONTOUR MORTGAGE CORPORATION 19 4.43% $10,143
Century Mortgage Company DBA Century Lending Company 19 4.64% $8,265
Countybank 18 4.37% $7,205
INSPIRE HOME LOANS INC. 18 4.55% $12,012
Legends Bank 18 4.78% $8,237
SeaTrust Mortgage Company 17 5.76% $7,482
Evolve Bank & Trust 16 4.56% $9,415
BancorpSouth 16 4.80% $10,170
Simmons Bank 16 5.02% $6,885
AMERICAN FINANCIAL RESOURCES, INC. 16 5.37% $7,683
SOUTHWEST STAGE FUNDING, LLC 16 4.54% $1,632
BAY EQUITY LLC 16 5.39% $11,636
Hometown Lenders, Inc. 16 4.77% $10,846
Armed Forces Bank 15 3.96% $10,098
BNC National Bank 15 3.99% $13,236
SUN WEST MORTGAGE COMPANY, INC. 15 4.93% $7,179
AMERICAN FINANCING CORPORATION 15 3.82% $9,285
First Federal Bank 14 3.83% $9,854
First Federal Bank 14 4.30% $11,171
INTERCOASTAL MORTGAGE COMPANY 14 4.30% $13,027
THE MORTGAGE FIRM, INC. 14 5.35% $9,523
ROSS MORTGAGE CORPORATION 14 6.10% $11,457
NATIONS DIRECT MORTGAGE, LLC 14 4.78% $8,049
Leaders Credit Union 14 5.08% $3,793
EASTMAN 14 4.71% $6,563
FINANCE OF AMERICA MORTGAGE LLC 14 4.75% $8,350
Wyndham Capital Mortgage, Inc. 14 3.65% $8,632
LADERA LENDING, INC. 14 4.48% $11,163
First Citizens National Bank 14 4.04% $3,605
NETWORK CAPITAL FUNDING CORPORATION 13 4.16% $7,219
POLARIS HOME FUNDING CORP. 13 4.30% $10,464
First Vision Bank of Tennessee 13 4.63% $6,619
Colten Mortgage, LLC 13 4.78% $9,712
Strong Home Mortgage, LLC 12 3.78% $9,728
Bank of Tennessee 11 4.53% $13,054
THRIVE MORTGAGE, LLC 10 5.85% $8,667
PLAZA HOME MORTGAGE, INC. 10 4.34% $7,565
Wilson Bank And Trust 10 4.06% $8,031
Plains Commerce Bank 10 4.79% $6,003
HOMESTAR FINANCIAL CORPORATION 10 5.05% $5,622
EUSTIS AND AMERICAN MORTGAGE COMPANY 10 4.57% $10,171
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 10 5.15% $6,577
CRESCENT MORTGAGE COMPANY 10 4.31% $6,774
MILEND, INC. 9 6.14% $17,537
LOANPAL, LLC 9 3.43% $11,870
LAND HOME FINANCIAL SERVICES, INC. 9 5.19% $6,931
JPMorgan Chase Bank 9 4.68% $7,093
VERITAS FUNDING, LLC 8 4.80% $16,292
SUMMIT FUNDING, INC. 8 5.33% $13,762
1ST SIGNATURE LENDING, LLC 8 5.05% $13,405
REDSTONE Federal Credit Union 8 5.00% $13,279
Bell Bank 8 5.00% $7,374
HomePromise Corporation 7 5.45% $13,385
Waterstone Mortgage Corporation 7 5.34% $11,155
First Option Mortgage, LLC 7 4.30% $9,881
PHH Mortgage Corporation 7 4.50% $7,180
ROYAL UNITED MORTGAGE LLC 7 5.07% $10,026
Amerifirst Financial, Inc. 7 4.25% $10,869
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 5.07% $6,271
ZILLOW HOME LOANS, LLC 7 5.52% $9,496
Paramount Bank 7 5.57% $7,465
EMBRACE HOME LOANS, INC. 7 4.55% $8,027
ALTRA 7 4.52% $8,395
CANOPY MORTGAGE, LLC 7 4.89% $11,003
Independent Bank 6 4.52% $8,022
NP, Inc. 6 2.67% $5,264
KELLEY MORTGAGE, LLC 6 4.50% $2,615
Trustmark National Bank 6 4.35% $9,004
Sunflower Bank 6 4.43% $14,151
RESIDENTIAL BANCORP 6 4.37% $8,276
CORNERSTONE HOME LENDING, INC. 6 4.60% $6,620
GSF Mortgage Corporation 6 5.25% $9,688
CALCON MUTUAL MORTGAGE LLC 6 4.42% $11,108
Fifth Third Bank 6 4.52% $8,234
MEMBER FIRST MORTGAGE, LLC 6 3.88% $9,960
Meridian Bank Corporation 6 3.79% $13,301
First Savings Bank 6 3.92% $16,466
Austin Capital Bank SSB 6 4.58% $8,043
ALAMEDA MORTGAGE CORPORATION 5 5.75% $15,453
RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 4.40% $8,963
SHELTER LENDING SERVICES, L.L.C. 5 3.95% $5,189
LEADERONE FINANCIAL CORPORATION 5 4.68% $7,285
PREMIA MORTGAGE, LLC 5 3.73% $10,563
Prime Choice Funding Inc. 5 3.15% $9,109
NATIONWIDE MORTGAGE BANKERS, INC. 5 3.88% $9,078
M&T Bank 5 4.70% $8,076
Atlantic Union Bank 5 4.83% $12,936
TOP FLITE FINANCIAL, INC. 5 4.78% $19,481
KELLER MORTGAGE, LLC 4 4.59% $6,654
ACADEMY MORTGAGE CORPORATION 4 5.09% $9,225
AMERICAN ADVISORS GROUP 4 5.06% $6,659
ASCEND FEDERAL CREDIT UNION 4 4.16% $4,669
CASTLE & COOKE MORTGAGE, LLC 4 4.56% $12,892
CHERRY CREEK MORTGAGE, LLC 4 3.78% $1,506
Christensen Financial, Inc. 4 5.34% $5,048
Community First National Bank 4 5.06% $12,258
COMPASS MORTGAGE, INC. 4 4.90% $9,820
EVANSVILLE TEACHERS 4 3.94% $9,681
FIRST EQUITY MORTGAGE INCORPORATED 4 4.63% $12,593
GUARANTEED RATE AFFINITY, LLC 4 4.04% $5,329
Mutual Federal Bank 4 5.44% $12,008
Princeton Mortgage Corporation 4 6.25% $9,225
PROPER RATE, LLC 4 5.09% $11,830
RANLIFE, INC. 4 4.56% $5,441
RUOFF MORTGAGE COMPANY, INC. 4 5.16% $7,274
S1L, Inc. 4 4.81% $5,595
SmartBank 4 4.34% $4,533
Capital Bank 3 4.71% $10,162
NBH Bank 3 5.54% $5,008
TOTAL MORTGAGE SERVICES, LLC 3 5.00% $8,663
Citizens Tri-County Bank 3 4.83% $3,727
FLAT BRANCH MORTGAGE, INC. 3 5.46% $10,782
CERTAINTY HOME LOANS, LLC 3 5.12% $11,115
CB&S Bank, Inc. 3 4.88% $3,605
GUARANTY MORTGAGE SERVICES, L.L.C. 3 5.88% $5,674
Loan Simple, Inc. 3 4.83% $9,079
Synovus Bank 3 4.46% $19,213
MID AMERICA MORTGAGE, INC. 3 6.08% $4,578
Alcova Mortgage LLC 3 6.63% $8,078
Lend Smart Mortgage, LLC 3 5.54% $16,962
MORTGAGE FINANCIAL SERVICES, LLC 3 5.08% $15,489
SIRVA MORTGAGE, INC. 3 4.67% $3,473
GENEVA FINANCIAL, LLC 3 5.21% $20,641
Ixonia Bank 3 6.63% $15,754
Bank of America 3 5.08% $8,224
NATIONS RELIABLE LENDING, LLC 3 4.67% $7,930
TOWNE MORTGAGE COMPANY 2 4.31% $17,596
BOKF 2 4.06% $13,120
BELEM SERVICING LLC 2 3.38% $8,390
BAYSHORE MORTGAGE FUNDING, LLC 2 2.63% $4,877
SOUTHPOINT FINANCIAL SERVICES, INC. 2 4.62% $12,759
ISERVE RESIDENTIAL LENDING, LLC 2 4.13% $8,890
Service Federal Credit Union 2 4.06% $7,624
GVC MORTGAGE, INC. 2 6.25% $8,703
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 5.19% $12,352
SHELTER HOME MORTGAGE, LLC 2 3.81% $17,527
ANGEL OAK HOME LOANS LLC 2 5.31% $13,565
AmRes Corporation 2 6.56% $11,450
Willamette Valley Bank 2 3.69% $13,918
AmeriHome Mortgage Company, LLC 2 5.81% $20,652
OPEN MORTGAGE, LLC 2 4.75% $22,243
George Mason Mortgage, LLC 2 4.75% $8,110
Hometown Equity Mortgage, LLC 2 4.88% $6,272
UNITED MORTGAGE CORP 2 4.44% $13,282
FEDEX EMPLOYEES CREDIT ASSOCIATION 2 4.31% $11,829
Franklin Loan Corporation 2 5.63% $18,744
Florida Capital Bank 2 4.94% $8,050
ENDEAVOR CAPITAL, LLC. 2 4.56% $2,248
HOMESTEAD FUNDING CORP. 2 3.75% $13,318
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 4.69% $6,712
Eagle Bank and Trust Company 2 5.13% $10,423
DELMAR FINANCIAL COMPANY 2 4.25% $8,715
CU COMMUNITY, LLC 2 4.31% $5,376
Credence Funding Corporation 2 2.88% $3,386
MCLEAN MORTGAGE CORPORATION 2 3.25% $4,668
1st National Bank 2 4.63% $7,056
Home Federal Bank of Tennessee 2 4.19% $12,241
ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 4.44% $3,733
First Mortgage Solutions, LLC 2 3.94% $17,057
TIDEWATER MORTGAGE SERVICES, INC. 2 5.06% $4,933
Capital City Home Loans, LLC 2 3.81% $15,110
Towne Bank 2 4.31% $5,821
CityWorth Mortgage LLC 1 4.63% $16,598
CHARTER WEST BANK 1 2.63% $11,569
BECKAM FUNDING CORP. 1 6.75% $12,927
UNITED HOME LOANS, INC. 1 3.25% $15,555
BANKSOUTH MORTGAGE COMPANY, LLC 1 4.00% $16,906
Atlantic Coast Mortgage, LLC 1 5.75% $17,177
US COMMUNITY 1 4.88% $4,428
US MORTGAGE CORPORATION 1 5.75% $10,232
U S WIDE FINANCIAL LLC 1 4.75% $18,316
Arvest Bank 1 2.88% $17,895
Victorian Finance, LLC 1 2.99% $7,170
V.I.P. MORTGAGE, INC. 1 5.50% $3,725
Wallick & Volk, Inc. 1 4.75% $4,198
MORTGAGEONE, INC. 1 5.25% $0
AMERIFIRST FINANCIAL CORPORATION 1 6.25% $150
MORTGAGE FINANCIAL GROUP, INC. 1 3.00% $5,378
MYCUMORTGAGE, LLC 1 4.50% $3,309
MORTGAGE ACCESS CORP. 1 3.25% $8,883
MMS MORTGAGE SERVICES, LTD. 1 2.25% $3,299
Midwest Community Bank 1 5.75% $17,140
MIDLAND MORTGAGE CORPORATION 1 4.13% $6,784
MICHIGAN MUTUAL, INC. 1 4.13% $5,975
Network Funding, L.P. 1 5.25% $22,843
LIBERTY HOME MORTGAGE CORPORATION 1 5.75% $14,175
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $15,744
NORWICH COMMERCIAL GROUP, INC. 1 4.25% $1,107
JMJ FINANCIAL GROUP 1 5.25% $13,077
OCEANSIDE MORTGAGE COMPANY 1 3.25% $9,737
Old National Bank 1 4.50% $9,367
ON Q FINANCIAL, INC. 1 6.25% $731
PANORAMA MORTGAGE GROUP, LLC 1 6.13% $11,187
JMAC LENDING, INC. 1 4.50% $11,681
JET DIRECT FUNDING CORP 1 3.25% $18,964
INTERCAP LENDING INC. 1 6.00% $10,701
Peoples Bank 1 5.13% $13,467
IMPAC MORTGAGE CORP. 1 3.50% $9,802
PILGRIM MORTGAGE LLC 1 3.50% $5,561
Home Loan Investment Bank, F.S.B. 1 4.63% $6,300
PNC Bank 1 3.75% $1,435
HOMEAMERICAN MORTGAGE CORPORATION 1 4.13% $22,571
Presidential Bank, FSB 1 4.63% $5,218
Preston Home Loans Inc 1 7.13% $1,423
Hamilton Mortgage Corporation 1 2.88% $2,985
AMERICAN MORTGAGE SERVICES INCORPORATED 1 6.25% $280,302
Prosperity Home Mortgage, LLC 1 4.75% $9,727
GoPrime Mortgage, Inc. 1 5.63% $3,707
AMERICAN HOME LENDING USA, LLC 1 6.13% $11,543
Republic Bank & Trust Company 1 4.63% $9,534
Flanagan State Bank 1 6.63% $14,350
Residential Mortgage Solutions, Inc. 1 7.25% $10,189
First United Bank and Trust Company 1 6.13% $30,932
FirstTrust Home Loans, Inc. 1 5.50% $11,850
WRIGHT-PATT CREDIT UNION, INC. 1 5.13% $650
First International Bank & Trust 1 5.25% $2,460
First Home Bank 1 4.13% $3,798
Semper Home Loans, Inc. 1 2.88% $1,768
ServisFirst Bank 1 4.00% $9,460
First Federal Bank, A FSB 1 4.88% $6,577
Shore United Bank 1 3.75% $17,731
First Bank 1 5.25% $4,883
FIDELITY BANK 1 6.38% $11,905
Academy Bank 1 5.75% $2,225
Southern First Bank 1 2.75% $2,000
SOUTHERN TRUST MORTGAGE, LLC 1 6.13% $8,141
South State Bank 1 4.75% $11,308
FBC MORTGAGE, LLC 1 5.50% $14,241
ENVOY MORTGAGE, LTD 1 6.00% $12,472
Stride Bank 1 4.75% $19,930
Encompass Lending Group, LP 1 4.75% $4,475
EMM LOANS LLC 1 4.63% $11,028
Cornerstone First Mortgage, Inc 1 6.50% $4,490
Core Bank 1 3.25% $7,354
COMMUNITY MORTGAGE, LLC 1 3.25% $19,372

The top Tennessee VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2,785 VA loans originated. Their average total fees are $7,295, which is $3,641 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Tennessee VA lenders (with over 10 loans originated) are SOUTHWEST STAGE FUNDING, LLC ($1,632), First Citizens National Bank ($3,605), Leaders Credit Union ($3,793), LAKEVIEW LOAN SERVICING, LLC ($5,204) and EAGLE HOME MORTGAGE, LLC ($5,358).

The lowest rate Tennessee VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.35%), PENNYMAC LOAN SERVICES, LLC (3.61%), Wyndham Capital Mortgage, Inc. (3.65%), The Central Trust Bank (3.74%) and PENTAGON FEDERAL CREDIT UNION (3.77%).

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.