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Letter - V  
VA Mortgage Loans Home loans that are guaranteed by the U.S. Department of Veteran Affairs are referred to as VA mortgage loans. U.S. veterans, reservists, active-duty personnel and the surviving spouses of veterans are eligible to receive these loans. If you are eligible, this program will allow you to purchase a home with little to no down payment, no cash reserves and lower associated closing costs.
   
Verification Of Deposit (VOD) A bank document that provides a lender with written proof that a loan applicant has the money available in a checking or savings account that was stated on a loan application.
   
 
 
 
 


Avg. National Rates
30 Yr Fixed 5.78%
15 Yr Fixed 5.39%
1 Yr ARM 4.80%
WSJ Prime 6.50%
Fed Funds 3.50%

 



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