Mortgage Rates

Mortgage Rates Today

Certificate of eligibility (COE)

VA certificate of eligibility - VA COE

 What is a Certificate of Eligibility (COE)? Certificates of Eligibility (COEs) are documents produced by theDepartment of Veterans Affairs (VA) to inform your VA loan lender thatyou meet the VA’s eligibility requirements for VA loans. As well asproviding your lender with information about your entitlement and fees,it also confirms your eligibility. As an entitlement, the […]

Credit score

What credit score is needed for a VA loan

  What credit score is needed for a VA loan? The VA does not set a credit score requirement for VA loans, however, most mortgage lenders will want to see a credit score of at least 620 FICO. Although some lenders are willing to go lower, borrowers can expect more scrutiny and lender requirements. Credit […]

Down payment

Down Payment for VA Loan

What is the Down Payment on a VA Loan? The down payment on a VA Loan is 0%, according to the U.S. Department of Veterans Affairs.  VA loans do not require down payments because the government guarantees the loan, meaning the lender can recover between 25% and 50% of the borrowed amount in the event […]

Funding fee

what is a va funding fee

What Is A VA Funding Fee? In the article below we will discuss what a VA Funding Fee is and all aspects of the VA Funding Fees including Charts, Exemptions, Calculators and Refunds for 2022. The Florida VA funding fee is a single lump-sum payment made on a house loan by an active veteran or […]

Interest rate

What are the interest rates on a VA loans?

What Is The Interest Rate On A VA Loan? Here are the interest rates for VA loans as of June 2022: Product Interest Rate APR 30-Year Fixed-Rate VA 5.25% 5.52% 30-Year Fixed-Rate 5.625% 5.875% 30-Year Fixed-Rate FHA 5.0% 5.4% 30-Year Fixed-Rate Jumbo 5.625% 5.9% Note: Rates are subject to changes daily. QUICK QUOTE Trusted. Experienced. […]

Occupancy requirements

Occupancy requirements for VA loan

What are the Occupancy requirements for VA loan? Here are the Occupancy requirements for a VA loan: For veterans and active-duty personnel are required to certify that the property will be their primary residence. The VA considers 60 days to be a “reasonable time” for homebuyers to move into their new homes after the loan […]