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.