Loan Terms | Veterans' Home Purchase Board of the State of Mississippi Skip to main content
The official website of the State of Mississippi

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Current 5-15 year rates for purchase or VHPB refinance are 2.50% 
Current 16-30 year rates for purchase or VHPB refinance are 2.75 % 

Current 5-15 year rates for refinance of a Non-VHPB mortgage are 3.0%                                                                                                                                                                                                                      Current 6-30 year rates for refinance of a Non-VHPB mortgage are 3.25%                                               

*Actual APR will be determined by VA funding fee, loan amount and term.
   

  • The maximum loan limit is the same as the Federal Housing Finance Agency (FHFA) limits.        VA Lending Limit in MS 
  • 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 also refinance your existing mortgage loan.
  • Hazard insurance and taxes are collected monthly along with payments and placed in an escrow account.

Veterans' Home Purchase Board of Mississippi

3466 Highway 80 East
P.O. Box 54411
Pearl, MS 39288-4411
​Phone: (601) 576-4800

vhpbinfo@vhpb.ms.gov​​