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Today's Mortgage Rates
January 6, 2009
Product Rate APR
30 Year Fixed 4.250 4.590
30 Year Fixed, Interest Only 5.500 5.863
15 Year Fixed 4.250 4.651
5 Year ARM 4.500 5.003
5 Year Interest Only ARM 4.500 4.978
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VA Mortgage Loans

VA home loans are guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase, rate & term refinance or cash out refinance of a primary residence.

Benefits of VA loans include:
  • Common sense underwriting guidelines (with respect to credit, debt to income ratios, etc.)
  • Little or no down payment
  • Competitive mortgage rates
  • No monthly mortgage insurance premium
VA Home Loan Guaranty Services also provides counseling and assistance to veteran borrowers having financial difficulties or facing default.

Even though a mortgage insurance premium is not required, borrowers are charged a small funding fee for VA mortgages, which guarantees the loan. The fee may be paid in cash by the buyer or seller, or it may be financed and included in the loan amount.

A VA mortgage can be used to buy a home, build or even improve a home with energy-saving features such as solar or heating & cooling systems, water heaters, insulation, weather- stripping & caulking, storm windows & doors or other energy efficient improvements approved by VA.

A satisfactory Certificate of Eligibility from VA must be presented to be eligible for the loan program.
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Read what customers say about our level of service.
Posted: 01/06/09 10:51 AM
Very fast and easy online access to information. Vary good follow through by agents. Step by Step documentation that is easy to find and understand. Online progress of your loan status is great!
Posted: 01/06/09 9:12 AM
Nathan has been extremely responsive to my many questions.
Posted: 01/06/09 9:06 AM
The entire staff that I have dealt with, Sales Manager, Mortgage Processors, etc. have been extremely professional and knowledgable. They go out of their way to provide solutions to any problems that may occur is the mortgage securing process. This is the second time I have gone to AmeriSave for my morgage because of their dedication to the customer. I've tr. . .
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