There are no prepayment penalties. Loans are insured by the Federal Housing Administration. These loans can also be fixed or adjustable rate. Current Rates Top of Page VA Available to individuals who have served or are currently in the U.S. armed forces that meet eligibility requirements. VA mortgages may be provided with no down payment requirement, making them ideal for first-time borrowers.
Loans are assumable with release of liability and there are no penalties for prepayment.