2.25% VA Loan Rates at Special Pricing and with Credit at Closing

Loans locked through Veterans Day, 2020 may be eligible for special special pricing and a credit at closing toward closing costs. A VA Loan with a qualifying FICO score of 640 may receive at closing a 0.5% lender paid credit. A VA Interest Rate Reduction Loan (IRRRL) with a qualifying FICO score of at least 680 may be able to receive a Conquest price and, because of the broker’s low costs, receive an additional credit at closing. Contact us for details.

On a $200,000 VA IRRRL (no cash back), funding fee added to loan, 30 years term at an annual fixed rate of 2.25%, 22-day interest rate lock, lender paid commission, and 680 qualifying FICO, APR is 2.44%, principal and interest payment is $768.31, and cost of interest rate is -.444% giving a credit of $892.93 to the borrower. This rate current as of 10/14/20. Other terms and lock periods available.

On a $200,000 VA IRRRL (no cash back), funding fee added to loan, 30 years term at an annual fixed rate of 2.25%, 22-day interest rate lock, lender paid commission, and 640 qualifying FICO, APR is 2.56%, principal and interest payment is $768.31, and cost of interest rate is 1.556% requiring from the borrower an additional $3,127.07. This rate current as of 10/17/2020. Other interest rates, terms, and lock periods available.