A fixed-rate VA loan is the most popular type of VA mortgage. With a fixed rate, your principal and interest payment stays exactly the same for the entire life of the loan — giving you stability and predictability in your budget.
30-Year Fixed VA Loan
The 30-year fixed is the most common choice among VA homebuyers. Spreading payments over 30 years results in the lowest possible monthly payment, giving you more cash flow for other expenses and investments.
Best for: First-time buyers, those who want to maximize monthly cash flow, or veterans planning to stay in the home long-term.
15-Year Fixed VA Loan
A 15-year fixed VA loan typically comes with a lower interest rate than a 30-year loan and builds equity much faster. However, the monthly payments will be higher since you are paying off the same loan amount in half the time.
Best for: Veterans who want to pay off their mortgage quickly and can comfortably afford the higher monthly payment.
Which Is Right for You?
The best term depends on your financial goals, monthly budget, and how long you plan to stay in the home. Our loan officers at Freedomstar Financial can run through both scenarios side-by-side so you can make a confident, informed choice.
Call us today at 888-659-0033 or apply online to get started.
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