Veterans United Mortgage offers VA loans to people who have served in the United States military. No down payment is necessary; the VA backs 100% of the loan. You don’t need private mortgage insurance, and you can obtain competitive Veterans United mortgage rates. Founded in 2002, the company assists thousands of military families in purchasing a new home. This article will provide useful, up-to-date mortgage information.
Veterans United Current Mortgage Rates
The federal government insures VA loans, so they are less risky for lenders. In many cases, the rates are lower than other types of loans. You can receive your rate quote by visiting the Veterans United website.
|Type of Mortgage Rate||Interest Rate||APR (Annual Percentage Rate)||Estimated Monthly Payment|
***Interest rates will change frequently, so it is important to check the website for the latest information about mortgage rates.
Veterans United Mortgage Rates Additional Information
When obtaining a VA loan, your credit score, debt-to-income ratio, and current mortgage rate trends will determine your rate. A higher credit score will mean a lower rate. The good news is that you can obtain a VA loan with a low credit score.
With Veterans United, you can get pre-approved for a loan and lock in a low rate. You can choose a 30-year mortgage rate, a 20-year mortgage rate, a 15-year mortgage rate, or a 10-year mortgage rate. The shorter the life of the loan, the more money you will save in interest.
If you need a larger loan, you can view the jumbo mortgage rates, and if you wish to refinance your home, you can check out the refinance mortgage rates.
You will want to use a mortgage rate calculator to determine how much you can afford for the loan.
Bonus read – Zions Bank Mortgage Rates
Monthly Mortgage Payment Example
|Type of Mortgage Rate||30-year fixed rate||20-year fixed rate||15-year fixed rate|
|APR (Annual Percentage Rate)||4.02%||4.08%||3.97%|
|Number of Payments||360||240||180|
|Average Monthly Payment||$1196.42||$1525.51||$1845.46|
|Total Amount of Interest||$180,712.14||$116,122.45||$82,183.46|
|Total Amount Paid||$430,712.14||$366,122.45||$332,183.46|
***The values in this table are approximate results of our calculations and can vary based on the type of credit you opt for. Please note that these are our examples and not offered by the financial institution.
Veterans United mortgage rates can give you the opportunity to own a spectacular home. The company offers lower rates and no down payment with VA loans, and it is easier to qualify for a loan. If you need a mortgage, you can apply with Veterans United, and they will make the process as easy as possible.