- The maximum loan limit is
$225,000 plus the DVA funding fee.
- The interest rate is fixed for the term of the loan.
- Interest rates are typically 1 to 2 percent below market rates.
- Available terms are 10, 15, 20, 25, and 30 year monthly amortizations.
- Hazard insurance and taxes are collected monthly along with payments and placed in an escrow account.
Current
20, 25, & 30 year rates are 2.75%
Current 10, 12, & 15 year rates are 2.50%
The Veterans'
Home Purchase
Board does not refinance loans. This is a
home purchase
program only. The agency does not have the funds for refinancing.
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