Rates for North Carolina
 
VA

VA loans are guaranteed by the Department of Veterans Affairs (VA). The purpose of the VA home loan program is to help veterans finance the purchase of a home with no down payment and favorable loan terms. To qualify for a VA loan you must: be an eligible veteran who has available loan entitlement; the loan must be for an eligible purpose; you must occupy the property as your home within a reasonable period after closing; the income of the veteran and the spouse, if any, must be sufficient to meet the new mortgage payment, cover the costs of owning a home, take care of other obligations and expenses and have enough left over for family support; and you must have good credit. They provide eligible veterans mortgage loans with no down payment and more lenient underwriting guidelines.

 

Rates as of Tuesday, August 31, 2010
Product Description Points Origination Fee Interest Rate Annual Percentage Rate Payments Apply
VA Loans - Purchase
15 Year Fixed   0.000 1.000% 4.000% 4.215% Show Payments and Rates
30 Year Fixed   0.000 1.000% 4.250% 4.373% Show Payments and Rates
VA Loans - Refinance
15 Year Fixed   0.000 1.000% 4.000% 4.215% Show Payments and Rates
30 Year Fixed   0.000 1.000% 4.250% 4.373% Show Payments and Rates

Additional rates, terms and products are available upon request. Rates are subject to change at any time without notice. The rates stated above assume a 20% down payment and may be adjusted due to credit score.