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Today's Mortgage Rates

Sunday, February 5, 2012

30 Year Fixed 3.89%
30 Year FHA 3.75%
15 Year Fixed 3.28%
5/1 ARM 3.00%

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Using Your VA Loan Benefits

Buy a home with no down-payment

Fill out the 1-minute VA home loan quote form. Get pre-approved in advance so that you can go shopping for your new home with confidence. Click on the button below to get pre-approved.

VA Home Loan

Additional VA home loan programs

For veterans who want to refinance their homes. Percentage rates are the lowest in decades.

For veterans who want to refinance and get additional cash-out of their home.

Five Easy Steps to a VA Loan

  • Apply for a Certificate of Eligibility. A veteran who doesn't have a certificate can obtain one easily by completing VA Form 26-1880, Request for a Certificate of Eligibility for VA Home Loan Benefits and submitting it with copies of your most recent discharge or separation papers covering active military duty since September 16, 1940, which show active duty dates and type of discharge.
  • Decide on a home the buyer wants to buy and sign a purchase agreement.
  • Order an appraisal from VA (this is usually done by the lender). Most VA regional offices offer a "speed-up" telephone appraisal system. Call your VA offices for details. (800)827-1000
  • Apply to a mortgage lender for the loan. While the appraisal is being done, the lender (mortgage company, savings and loan, bank, etc.) can be gathering credit and income information. If the lender is authorized by VA to do automatic processing, upon receipt of the VA or LAPP appraised value determination, the loan can be approved and closed without waiting for VA's review of the credit application. For loans that must first be approved by VA, the lender will send the application to the local VA office, which will notify the lender of its decision.
  • Close the loan and the buyer moves in.

VA home loan quotes are freely available

The VA home loan program is an excellent deal for active duty military personnel and non-active duty veterans. Take advantage of your benefits.

  • Loan Amounts Up to $417,000.00
  • 15, 25 or 30 Year Loan Terms
  • Up to 6% Seller Paid Closing Cost Allowed
  • No Mortgage Insurance
  • Allowed To Finance Up to $6000 For Energy Improvements

How can I obtain more information about VA home loans?

You can telephone the US Veterans Affairs offices at (800)827-1000

Here are some links to additional information