LoanTerms

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Loan Terms

 

Current 16-30 year rates are 2.75 %   (2.906% apr)             

Current 5-15 year rates are 2.50%    (2.787% apr)


  • The maximum loan limit is $400,000 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: 5, 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.