FeedbackVA Loans are a Benefit You’ve Earned. We’ll Help You Save Today!
- Are you a veteran, member of the military, or a surviving spouse of a veteran?
- Do you want fast approval and minimal red tape?
- Are you interested in refinancing up to 100% of your home, or buying a home with no down payment?
If you answered “yes” to any of these questions, a VA loan might be right for you! Qualify for VA loans even with less-than-perfect credit. Unlike other options, VA loans are available as either fixed-rate or ARM mortgages – and never include monthly insurance (PMI).
Why Should You Choose Quicken Loans for VA Loans?
- Only Quicken Loans offers you the Rate Drop Advantage, Closing Cost Cutter and PMI Buster. Find out how these great options can help guide you to the best decision to meet your financial goals.
- Quicken Loans is ranked Highest in Customer Satisfaction for Primary Mortgage Origination in the U.S. by J.D. Power and Associates – two years running. We’re proud of that!
- We have an A+ rating according to the Better Business Bureau.
- Our exclusive online tools like MyQL let you track your mortgage process from start to finish, and our Mortgage Calculator app gives you rates right on your phone.
- And we can close your loan faster than most other lenders. Griff of Oak Harbor, Virginia, said that with Quicken Loans ‘I closed in 19 business days, 27 days total; my credit union took almost 60 days to process a VA loan…synchronized from start to finish, they are the benchmark to beat.’
See where we’ve financed homes near you!
Other loans you might be interested in:
Click to see our assumptions.- Mortgage rates could change daily.
- Actual payments will vary based on your individual situation and current rates.
- Some products may not be available in all states.
- Some jumbo products may not be available to first time home buyers.
- Lending services may not be available in all areas.
- Some restrictions may apply.
- Based on the purchase/refinance of a primary residence with no cash out at closing.
- We assumed (unless otherwise noted) that: closing costs are paid out of pocket; this is your primary residence and is a single family home; debt-to-income ratio is less than 30%; and credit score is over 720, or in the case of certain Jumbo products we assume a credit score over 740; and an escrow account for the payment of taxes and insurance.
- The lock period for your rate is 45 days.
- The loan to value (LTV) rate is 70%. If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
- Please remember that we don’t have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. Quicken Loans offers a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call (800) 251-9080 to talk to one of our mortgage bankers.
30-year Fixed-Rate VA Loan: Rate is fixed. The payment on a $200,000, 30-year fixed-rate loan at 3.75% and 70% loan-to-value (LTV) is $926.24 with 1.5 Points due at closing. The Annual Percentage Rate (APR) is 3.922%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
15-year Fixed-Rate VA Loan: Rate is fixed. The payment on a $200,000, 15-year fixed-rate loan at 2.99% and 70% loan-to-value (LTV) is $1380.21 with 1.75 Points due at closing. The Annual Percentage Rate (APR) is 3.33%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
VA Loan Features
- 30-, 20- & 15-year fixed-rate and 5-year ARM loans available
- Jumbo VA loans available up to $1,094,625 ($1,500,000 in Alaska and Hawaii) and up to $325,000 cash-out on a refinance
- Refinance up to 100% of your primary home’s value
- VA Streamline Refinance with a reduced funding fee and flexible documentation requirements – available for veterans currently in VA loans
- Buy a home with no money down (primary home)
- No monthly PMI (Private Mortgage Insurance)
- VA loans are governed by the U.S. Department of Veterans Affairs
How VA Home Loans Work
- Fixed rate monthly payments are based on interest rate, principal loan amount and amortized interest over 15, 20 or 30 years. Your payment will not change throughout the life of the loan
- ARM interest rates are fixed for a period of 5 years. After the fixed rate period, your interest rate can adjust up or down depending on the market
- Your actual payment will vary based on your situation and the current interest rates when you apply
- Pay your mortgage at any time without pre-payment penalties
VA Loan Extras
- Credit scores as low as 620 qualify for VA loans
- Refinancing your VA Loan? Ask about the VA Streamline – refinance quickly with a reduced funding fee
-
Gonzalez, WilliamI was pleased to be able to close my loan so quickly. The combination ofthe website, and always available staff made the...
Read this Review
-
Huffman, AllenOur expectations were very well met. Colin was very helpful on any matter or concern that came up. We could not have been...
Read this Review
Click here to read more reviews.
Better Business Bureau-
Charles, Arizona“I reached a guy his name was Matt Henkels and I told him what I was looking for, which was a VA Loan, and in 10 minutes he had all the information he needed and I right away knew that he knew what he was talking about. When we got finished with the conversation he started with the process and everything unfolded exactly as he said it was going to.”
VA Mortgage Rates – find out how much you can save.
Veteran or serving? You’re entitled to all the advantages of VA loans. Refinance up to 100% of your home’s value or buy a home with no down payment.
Use our convenient VA mortgage rates calculator to determine your monthly payment, based on current rates.
Low mortgage rates with no down payment! Call our Home Loan Experts at (800) 251-9080 NOW or fill out the form below to get started!
Recently Featured In:
- msn money
- usa today
- money
