Insurance Banking Investing Retirement Advice Membership Log On Home Loans View Mortgage Options ( Menu, 2 items) Mortgage Rates Refinance Learning Center Contact Us at the Following Number: 800-531-0341 USAA BANK VA LOANS Let your military service get you home. As a top lender for VA loans, we know how to make it easy. See note 1 Continue an in-progress preapproval or mortgage application where I left off VA Loan Rates VA LOAN RATE AND APR 3.000 % interest % See note 2 3.209 % APR See note 3 Get Started for a VA Loan View More Rates And Options What Is a VA Loan? A VA loan is a type of mortgage backed by the U.S. Department of Veterans Affairs. It's available to current service members, veterans and eligible surviving spouses, and offers several advantages , which are listed below : No down payment required See note 4 VA loan benefits can be reused No private mortgage insurance (PMI) Mortgage loan can be refinanced If you're eligible for a VA loan, it may be the right option for you. You can use our VA eligibility tool (Opens Pop-up Layer) or call a loan officer at 800-531-0341 to discuss your specific loans needs. Get Started for a VA Loan How Do I Get a VA Loan? 1 STEP 1: GET PREAPPROVED SEE NOTE 5 Understand your budget and be in a better position to negotiate with sellers. We'll check your credit and, if you're preapproved, give you a letter you can use for up to 90 days. 2 STEP 2: GET YOUR CERTIFICATE OF ELIGIBILITY (COE) The COE confirms that you're eligible for a VA-backed loan. For more information, visit the U.S. Department of Veterans Affairs website. 3 STEP 3: TALK TO YOUR USAA BANK LOAN OFFICER Once you find a new home, call a loan officer at 800-531-0341 to get started on your mortgage application. Take your first step today and get preapproved for a VA loan. Get Started Mortgage Calculator Estimate my monthly mortgage payment. $0.00 This payment amount only includes principal and interest based on a fixed-rate mortgage. If you'll be using an adjustable-rate mortgage, this amount only applies to the fixed period. The monthly payment amount shown is based on information you provided and is only an estimate. It does not include other costs of owning a home, such as property taxes and insurance. See note 6 Home Price See note 7 (in dollars) $ Down Payment (in dollars) $ Down Payment Percent % Interest Rate (in percent) % Loan Term (in years) 30 Years 20 Years 15 Years 10 Years Everything You Should Know About VA Loans Visit our resource center to learn all you need to know about VA loans and the homebuying process. Go to Home Learning Center Homebuying 101 Getting Started 10 Things to Know Before Buying a First Home How to begin your homebuying journey: Get prequalified or preapproved How Much Home Can I Afford? Finding Your Home Tips for Buying a Home in a Seller's Market The Importance of Finding the Best Real Estate Agent How Technology is Changing Homebuying Financing Your Home How Much Home Can I Afford? Is a 20% Down Payment Really Necessary? Getting Preapproved for a Home Loan Closing on Your Home Should I Buy a Home Warranty? I Closed on My Mortgage: Now What? Additional Information How to Secure Your Home Understanding Home Insurance Copyright © USAA Note 1 In 2020, USAA Bank originated the 2nd highest total of VA purchase home loans and the 5th highest amount of VA loan volume. Source: Department of Veterans Affairs Lender Statistics. (Opens New Window) Note 2 The advertised rates are subject to change without notice at any time and are not available to every borrower. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment and our internal credit criteria. The advertised rates are based on a fixed rate mortgage loan and rates will vary based on the term of the mortgage loan and property location. Other rates and terms may be available. All loans are subject to credit and property approval. Property insurance is, and flood insurance may be, required. Note 3 APR (Annual Percentage Rate) is a rate used to calculate your cost of borrowing in a year. Unlike interest rates, APR factors in the amount borrowed, the interest rate, one-time fees and discounts to determine a more accurate yearly cost. The standardized APR formula is used to make it easier for consumers to compare rates at different businesses. Note 4 VA loans require an upfront, one-time payment called a VA funding fee, collected at closing, and is non-refundable. The fee is determined by the loan amount, your service history and other factors. A down payment on your VA loan may be required in certain circumstances and maximum loan limits vary by county. Note 5 Our preapproval is not a commitment to lend. Information used to issue the preapproval will require verification during the application process. Note 6 This amount does not include escrow, homeowners insurance, property taxes, insurances, HOA fees and other costs associated with owning a home. This mortgage calculator is intended to assist you with estimating basic monthly mortgage payments. It is informational only. All examples are based on the information entered and are for illustrative purposes only. This is not an offer to lend. Note 7 Our mortgage loans have a $50,000 minimum loan amount requirement, excluding Jumbo loans which are subject to county loan limits. USAA Bank Mortgage offers mortgage products to members where the property is located within the Continental United States, AK, HI and DC. Excludes properties within U.S. Territories. Membership eligibility and product restrictions apply and are subject to change. Bank products provided by USAA Federal Savings Bank, Member FDIC. USAA FSB NMLS 401058 200273-0821 1932413 Cookie Consent dialog We use cookies and related technologies see footnote 1 to help enhance your experience on our site and optimize its performance. Learn more by reading our Cookie Notice , opens in new tab Accept All Cookies Manage Cookies Accept Essential Cookies Footnotes 1 Related technologies can include web beacons and pixel tags.