Veterans Administration Loans

A flexible mortgage option available to military personnel and qualified veterans

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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% financing1
  • Lack credit history
  • Have income limitations

Benefits

  • Low- or no-down-payment options
  • Financing of Veteran Administration funding fee1
  • Unlimited seller contribution to buyer's closing costs
  • Gift funds allowed

Terms

  • 15-year fixed rate loan2
  • 30-year fixed rate loan3

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Don't see your state?

If your state is not listed in the drop-down box, you may be located outside of our service area. To explore your banking options with BB&T, please contact us at 800-BANK-BBT (800-226-5228).

You must select your state before you can select a county.

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Still exploring?

Veterans Administration (VA) mortgages are among the primary perks of military service, and the benefits don't stop when it's time to refinance.

Find out how much your monthly fixed-rate mortgage payments will be based on loan amount, interest rate and loan term.

Not convinced that a Veterans Administration loan is right for you?

1VA 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.

2For comparison purposes, a 15-year VA fixed rate mortgage of $204,300 with a 0% down payment at an APR of 3.940% with 0.125 discount points and an $895 origination fee with a credit score of 720 would result in 180 equal payments of $1,460.51. 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 10/24/17. Rates and programs may change at any time.

3For comparison purposes, a 30-year VA fixed rate mortgage of $204,300 with a 0% down payment at an APR of 3.987% with 0.125 discount points and an $895 origination fee with a credit score of 720 would result in 360 equal payments of $946.15. 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 10/24/17. Rates and programs may change at any time.

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. Equal Housing Lender icon