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VA Loan

Mortgage guaranteed by the Department of Veterans Affairs for eligible veterans and active-duty service members. Zero down, no monthly mortgage insurance.

VA loans are mortgages guaranteed by the Department of Veterans Affairs for eligible veterans, active-duty service members, and certain surviving spouses. Key benefits: 0% down payment, no monthly mortgage insurance, competitive 30-year fixed rates, and assumability. VA charges an upfront funding fee (1.25-3.3% depending on use and down payment), waived for some disability statuses. Property must meet VA Minimum Property Requirements.

Related terms

FHA Loan

Government-insured mortgage with low down payment (3.5%) and flexible credit (580+ FICO). Insured by HUD.

Conventional Loan

Mortgage not insured or guaranteed by the federal government. The standard mortgage product, sold to Fannie Mae or Freddie Mac.

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Today's mortgage rates

Conventional

6.250%

6.288% APR

FHA

5.750%

5.780% APR

VA

5.750%

5.780% APR

Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.

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Jennifer Kirby

Rate Direct is run by Jennifer Kirby. Every loan is originated personally through Loan Factory Inc. Every email, text, and call comes from us directly, and we never sell your information.

NMLS# 2672337 Loan Factory Inc., NMLS# 320841

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