These are Today's Rates
(Friday's rates can be locked over the weekend until Sunday night)

VA Purchase Loans

7.189% PAR rate

Origination & $1,055 underwriting included in the Rate
NOTE: This rate does not have "points" added to lower the interest rate

In this example the buyer is purchasing a primary single family residence (SFR) for $726,200 and putting 0% down payment with a 30 year fixed rate with a 780 Fico Score.

• VA Purchase Loan fixed for 30 years (1st use of Benefit - See VA certificate of eligibility)
• Owner Occupied Primary Residence (Not 2nd Home or investment property) 
• Single Family Residence (Not a condo)
• $726,200 Purchase Price
• $0 Down Payment
• $726,200 Initial Loan Amount
• $15,613.30 Funding Fee (Not waived - See VA certificate of eligibility - 10% or greater disability waives the Funding Fee)
• $731,813.30 Loan Amount with Funding Fee Included
• $14,036.73 Seller Concession (Amount needed to cover the UWM origination & $1,055 UWM underwriting)

Closing costs can be reduced by choosing a higher interest rate that covers closing costs with lender credits (rolling costs into the mortgage rate).
A seller can also choose to help cover closing costs by offering up to a 6% seller's concession on a VA loan to help the buyer purchase their home.