We use cookies to improve your experience. By continuing, you agree to our use of cookies.
Apply Now
Ready to start your home buying journey? Apply now and get pre-approved for your mortgage.
Purchase Rates
Know the rates, know your options. Start building your homeownership plan today.
Monthly Mortgage Calculator
Get a clear picture of your monthly mortgage payment using your rate, credit score, and down payment information.
Affordability Calculator
Not sure what fits your budget? This calculator factors in your income, debts, and down payment to help you find the right price range.
Apply Now
Ready to lower your rate or tap into your equity? Apply now and start your refinance journey with confidence.
Refinance Rates
Rates can change fast. See today’s options and discover potential savings on your mortgage.
Refinance Mortgage Calculator
Wondering how refinancing will affect your monthly payments? See how much you can save.
Cash-Out Refinance Calculator
See how much equity you can tap into. Estimate your new mortgage payment and compare loan options.
Calculators
Free, interactive mortgage calculators that can help you along the journey toward your home ownership goals.
Blog
Learn more. Stress less. Our blog breaks down what you need to know to buy, refinance, or plan ahead.
FAQs
Check out our FAQs to learn more about Total Mortgage, mortgage lending, home refinancing, and more.
Loan Programs
Navigate all our programs and find the perfect loan for you.
Buy
Apply Now
Ready to start your home buying journey? Apply now and get pre-approved for your mortgage.
Purchase Rates
Know the rates, know your options. Start building your homeownership plan today.
Monthly Mortgage Calculator
Get a clear picture of your monthly mortgage payment using your rate, credit score, and down payment information.
Affordability Calculator
Not sure what fits your budget? This calculator factors in your income, debts, and down payment to help you find the right price range.
Refinance
Apply Now
Ready to lower your rate or tap into your equity? Apply now and start your refinance journey with confidence.
Refinance Rates
Rates can change fast. See today’s options and discover potential savings on your mortgage.
Refinance Mortgage Calculator
Wondering how refinancing will affect your monthly payments? See how much you can save.
Cash-Out Refinance Calculator
See how much equity you can tap into. Estimate your new mortgage payment and compare loan options.
Rates
Resources
Calculators
Free, interactive mortgage calculators that can help you along the journey toward your home ownership goals.
Blog
Learn more. Stress less. Our blog breaks down what you need to know to buy, refinance, or plan ahead.
FAQs
Check out our FAQs to learn more about Total Mortgage, mortgage lending, home refinancing, and more.
Loan Programs
Navigate all our programs and find the perfect loan for you.
Customers
About
VA 30-Year Fixed
<p class="MsoNormal">VA loans allow veterans and active military to get a mortgage with as little as 0% down. </p>
Benefits
Zero Down Payment
One of the few loan types that come with no down payment requirement.
Lower Interest Rates
Competitive rates that are typically lower than FHA 30-year loans.
No Private Mortgage Insurance
No PMI required, as the VA covers most of the loan, saving you money every month.
Flexible Credit Requirements
VA loans have flexibility with credit history and don't require the highest credit scores.
VA 30-Year Fixed Loan Information
<p>VA loans come with attractive interest rates due to the government backing. However, various factors can still influence the final mortgage interest rate. To better understand the eligibility criteria and program details, you can start by <a href="/apply">speaking to one of our seasoned experts</a>.</p>
VA 30-Year Fixed Loan Eligibility Conditions
<ul><li>Honorably discharged veterans or active-duty service members with specific service requirements</li><li>National Guard or Selected Reserve members with over six years of service</li><li>Eligible surviving spouses of service members</li><li>No minimum credit score defined by the VA, but lenders may have their own requirements</li><li>The home must meet defined safety standards and building codes</li><li>Certificate of Eligibility (COE) from the VA is required</li></ul>
Factors Determining VA 30-Year Loan Rate
<ul><li>Credit Score</li><li>Quoted Interest Rate</li><li>Annual Percentage Rate (APR)</li><li>Loan-Specific Details</li><li>Property Location</li></ul>
VA Funding Fee
<p>The VA funding fee is paid by the borrower and is typically between 1.25% and 3.3% of the total loan value. This upfront fee is typically financed into your mortgage loan.</p>
Pros and Cons of VA 30-Year Fixed Loan
<p>Understanding the advantages and disadvantages of a VA 30-Year Fixed Loan can help you make an informed decision.</p>
Additional Pros
<ul><li>No cap on maximum loan amount</li><li>Multiple VA loans allowed</li><li>Support for struggling borrowers</li></ul>
Cons to Consider
<ul><li>No initial home equity due to zero down payment</li><li>VA funding fee requirement</li><li>Property restrictions (primary residences only)</li><li>Limited to 1-4 family owner-occupied properties</li></ul>