Veterans Administration (VA) loans are available to qualified veterans, active duty, reserves and National Guard personnel. Loans are residential mortgages, allowing for the purchase or refinance of an owner-occupied home.
Best if you
- Are a retired veteran, active duty military, National Guard or reservist buying or refinancing a home
- Would like to make a low down payment
- Are interested in 100% financing Disclosure 1
- Lack credit history
- Have income limitations
Benefits
- Low- or no-down-payment options
- Financing of Veteran Administration funding fee Disclosure 1
- Unlimited seller contribution to buyer's closing costs
- Gift funds allowed
Terms
- 15-year fixed rate loan Disclosure 2
- 30-year fixed rate loan Disclosure 3
Shopping for rates?
Estimate your rates
All fields are required.
Ready to get started?
Start your mortgage
Already started your mortgage application?
Find a mortgage professional
Contact us
Interested in a mortgage?
- Call 888-946-8730
- Available Monday through Friday, 8 am to 8 pm ET, and on Saturdays from 9 am to 1 pm ET
- Have a BB&T mortgage professional contact you(opens in a new tab)
Already have a mortgage?
- Call 800-295-5744
Contact your mortgage professional
More information
Still exploring?
Benefits of Refinancing to a Veterans Administration Loan (Article)
Veterans Administration (VA) mortgages are among the primary perks of military service, and the benefits don't stop when it's time to refinance.
How Much Will My Mortgage Payments Be? (Calculator)
Find out how much your monthly fixed-rate mortgage payments will be based on loan amount, interest rate and loan term.
Ready to get started?
Not convinced that a Veterans Administration loan is right for you?
-
1.
VA loans require a non-refundable VA funding fee at closing. The fee is higher with a zero down payment. Maximum loan amounts vary by county.
-
2.
For comparison purposes, a 15-year VA fixed rate mortgage of $204,300 with a 0% down payment at an APR of 4.613% with 0.125 discount points and an $985 origination fee with a credit score of 740 would result in 180 equal payments of $1524.01. This payment does not include tax or insurance costs—the total payment obligation may be higher. This is a representative example based upon rates that were effective as of 12/17/18. Rates and programs may change at any time.
-
3.
For comparison purposes, a 30-year VA fixed rate mortgage of $204,300 with a 0% down payment at an APR of 4.898% with 0 discount points and an $985 origination fee with a credit score of 740 would result in 360 equal payments of $1050.39. This payment does not include tax or insurance costs—the total payment obligation may be higher. This is a representative example based upon rates that were effective as of 12/17/18. Rates and programs may change at any time.
Rates and pricing may vary and are subject to change at any time without notice.
Loans, lines of credit and credit cards are subject to credit approval.
All BB&T mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.
Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender.
Branch Banking and Trust Company is now Truist Bank. Learn more.
BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.