Current 20, 25, & 30 year rates are 3%
Current 10, 12, & 15 year rates are 2.75%
- The maximum loan limit is $300,000 plus the VA funding fee.
- The interest rate is fixed for the term of the loan.
- Interest rates are typically 1 to 2 percent below market rates.
- Available terms are 10, 15, 20, 25, and 30 year monthly amortizations.
- Veterans’ Home Purchase Board can only refinance loans presently financed by the agency.
- Hazard insurance and taxes are collected monthly along with payments and placed in an escrow account.