Mortgage rates can change every day. For the most current rates, please provide your contact information and we’ll have a mortgage specialist contact you.
No, Private Mortgage Insurance isn’t required for a VA loan but there is an up-front funding fee.
VA loans offer little to no down payment, usually better terms and interest rates, no need for Private Mortgage Insurance (PMI) or mortgage insurance premiums, usually better closing costs, and no penalty fee if you pay the loan off early.
VA loan requirements include, but are not limited to, providing a VA home loan Certificate of Eligibility (COE), meeting the standards for credit and income and living in the home you’re buying with the loan.
Depending on the applicant, a VA purchase loan may require little to no down payment.
Potential homebuyers can get an FHA home loan with as little as a 3.5% down payment.