What is a va 30 year fixed loan

Use this VA mortgage calculator to get an estimate.

This VA loan calculator provides customized information based on the information you provide. But, it assumes a few things about you. For example, that you're buying a single-family home as your primary residence. This calculator also makes assumptions about closing costs, lender’s fees and other costs, which can be significant.

Estimated monthly payment and APR example: A $225,000 base loan amount with a 30-year term at an interest rate of 4.125% with no down-payment would result in an estimated monthly payment of $1,126.45 with an Annual Percentage Rate (APR) of 4.471%.1

See how much you might be able to borrow.

Have you found a home? Start your application process.

Reach out to an experienced loan officer.

Do I qualify for a VA mortgage loan?

A Veteran Affairs (VA) loan is a mortgage loan for Service members, Veterans and eligible surviving spouses. Contact a mortgage loan officer to verify qualifications.

Why get a VA mortgage loan?

A VA mortgage loan does not require a down payment, but may include additional costs, such as a funding fee. A funding fee is a mandatory one-time fee paid directly to the Department of Veterans Affairs (VA). The fee is a percentage of the loan amount (as high as 3.3%) and can be paid at closing or included into your loan amount and monthly payment.

Military Banking Services

U.S. Bank has products especially for military service members, Veterans and eligible surviving spouses.

Check out today’s mortgage rates.

Interest rates vary depending on the type of mortgage you choose. See the differences and how they can impact your monthly payment.

Learn more about mortgages.

Start of disclosure content

Disclosures

1. Conforming Fixed-Rate estimated monthly payment and APR example: A $225,000 loan amount with a 30-year term at an interest rate of 3.875% with a down-payment of 20% would result in an estimated principal and interest monthly payment of $1,058.04 over the full term of the loan with an Annual Percentage Rate (APR) of 3.946%.

   Estimated monthly payment and APR calculation are based on a down-payment of 20% and borrower-paid finance charges of 0.862% of the base loan amount. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Estimated monthly payment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.

Start of disclosure content

Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. Bank is not responsible for the content, results, or the accuracy of information.

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, home equity and credit products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

Navy Federal VA Loans

• 

  VA Loan FAQs

  Who's eligible for a VA loan?

  To qualify for a VA loan, you or your spouse must have served: 

  • 90 consecutive days of active service during wartime 
  • 181 days of active service during peacetime
  • More than 6 years with the National Guard or Reserves

  You have to meet at least one of the service requirements mentioned above. If you haven’t, you must be the spouse of a military member who lost their life in the line of duty, or as the result of a service-related disability. You usually can’t have remarried.

  Note: Co-borrowers on a VA loan must be a veteran themselves or the primary borrower's spouse.

  How do I show that I’m eligible for a VA loan?

  To demonstrate eligibility, you’ll need to provide a valid Certificate of Eligibility (COE). Your loan officer can obtain the COE for you through the Department of Veterans Affairs.  A copy of your DD-214 may be needed to request the COE.

  What are some VA loan benefits?

  There are many VA loan benefits, since the program was designed to reward our nation’s servicemembers. Some of them are: 

  • lower mortgage rates
  • lower or no down payments
  • no private mortgage insurance (PMI)
  • excellent refinance program that helps buyers lower their payments or get cash back on equity
  • higher debt-to-income ratio allowed
  • more flexibility in the event of bankruptcy or a foreclosure
  • help with closing costs. We can negiotiate with the seller to contribute up to 4% of the appraised value of the house towards certain closing costs (known as seller concessions).
  • no penalty fee if you pay off the loan early

  If you’re interested in buying or refinancing a home with a VA loan, Navy Federal Credit Union can help. As a top VA lender, we understand the unique needs of servicemembers and their families and can help you take advantage of the benefits you’ve earned.

  1

  Product features subject to approval. Available for purchase loans only. Loans are subject to an additional funding fee, which may be financed up to the maximum loan amount. 

  ↵

  2

  These rate offers are effective 11/06/2022 and subject to change. Rates displayed are the "as low as" rates for purchase loans and refinances. Rates are based on creditworthiness, loan-to-value (LTV), occupancy and loan purpose, so your rate and terms may differ. All loans subject to credit approval. Rates quoted require a loan origination fee of 1.00%, which may be waived for a 0.25% increase in the interest rate. Many of these programs carry discount points, which may impact your rate.

  ↵

  3

  A VA loan of $300,000 for 15 years at 5.750% interest and 6.576% APR will have a monthly payment of $2,491.
  A VA loan of $300,000 for 30 years at 6.250% interest and 6.763% APR will have a monthly payment of $1,847.
  Taxes and insurance not included; therefore, the actual payment obligation will be greater. If you have less than your VA home loan entitlement, limitations to your loan amount may apply. 

  ↵

  4

  The cash-back bonus is offered in most states and is available for individual sales and purchases of property; offer limited to one cash-back bonus per property with no limit on the amount of times you may use the program. In some states, a gift card or commission credit at closing may be provided in lieu of the cash-back bonus. The program is not available in IA or outside the U.S. Cash-back bonus is not available in AK or OK. In KS and TN, a gift card with preloaded points that are ready for spending at specified retail establishments after closing will be issued. State regulations in KS limit the dollar amounts and the type of incentive. In MS, NJ, and OR, a commission reduction may be available at closing. Please check with the program coordinator for details. This is not a solicitation if you are already represented by a real estate broker. The cash-back bonus is only available with the purchase or sale of your home through the use of a program-referred and -approved real estate agent. The size of your cash-back award depends on the value of the property you are buying or selling. Obtaining the full $9,000 cash-back award requires transacting in a property valued at $3 million or greater. To calculate the size of your potential cash back, please visit realestateperk.com/RealtyPlus. All real estate transactions are negotiable. Contact RealtyPlus for terms and conditions. Standard listing fees apply. The program award is not available in certain transactions with restricted agent commissions (including many new construction, For Sale by Owner, or For Sale by iBuyer transactions). Your assigned agent can help you identify any transactions where the award would not be available. This program is offered, in part, by Realogy Lead Management Services, Inc. d/b/a Realogy Leads Group (RLG). RLG may receive a co-operative brokerage fee as a result of a referral to the real estate companies listed above. Program terms and conditions are subject to change at any time without notice. Additional terms, conditions, and restrictions apply.

  ↵

  What does 30

  VA 30-year fixed mortgages are government-backed loans offered to military servicemembers, veterans and surviving spouses. The VA has no set credit requirements, though most lenders do.

  What is a VA fixed loan?

  VA loans help active service members, veterans, and their surviving spouses become homeowners. They provide up to 100% financing on the value of a home. Eligible borrowers can use a VA loan to purchase or build a home, improve and repair a home, or refinance a mortgage. 1.

  Does the VA do 30

  On Wednesday, November 02, 2022, the national average 30-year VA loan APR is 6.62%. The average 30-year VA refinance APR is 6.67%, according to Bankrate's latest survey of the nation's largest mortgage lenders.

  What type of loan is a 30

  A 30-year fixed-rate mortgage is a home loan with a repayment term of 30 years and an interest rate that remains the same throughout the life of the loan. When you decide to take out a 30-year home loan with a fixed rate, the payment you owe each month is the same until you've finished paying the loan.