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Loan options for buying a home

VA loan‍ ‍ See note 1

§ %
Interest rate‍ ‍ See note 3

§ %
APR‍ ‍ See note 4

Points  §

A VA loan may be right for those currently serving, veterans and eligible surviving spouses seeking a $0 down payment.‍ ‍ See note 2

Start loan prequalification

Learn more about VA loans

VA jumbo loan‍ ‍ See note 1,‍ ‍ See note 5

§ %
Interest rate‍ ‍ See note 3

§ %
APR‍ ‍ See note 4

Points §

Jumbo loans are for those looking to finance more than the VA loan limit.

Start loan prequalification

Learn more about VA jumbo loans

Conventional loan‍ ‍ See note 6

§ %
Interest rate‍ ‍ See note 3

§ %
APR‍ ‍ See note 4

Points   §

This loan may be right for those not eligible for a VA loan and using a down payment to buy a home.

Start loan prequalification

Low down payment loan‍ ‍ See note 6,‍ ‍ See note 7,‍ ‍ See note 8

§ %
Interest rate‍ ‍ See note 3

§ %
APR‍ ‍ See note 4

Points   §

This is a great option for first-time homebuyers or those who want to purchase a home with a low down payment.

Start loan prequalification

How our VA and conventional loans compare

How our VA and conventional loans compare

Requirement

Minimum down payment

USAA Bank VA loan

0%‍ ‍ See note 2

USAA Bank conventional loan

3%

Requirement

Loan terms

USAA Bank VA loan

15 or 30 years

USAA Bank conventional loan

10, 15, 20 or 30 years

Requirement

Debt-to-income ratio

USAA Bank VA loan

43% to 50%

USAA Bank conventional loan

45% to 50%

Requirement

Interest structure

USAA Bank VA loan

Fixed rate only

USAA Bank conventional loan

Fixed rate only

Requirement

Mortgage insurance

USAA Bank VA loan

Mortgage insurance isn’t required.

USAA Bank conventional loan

Private Mortgage Insurance rates may be higher or lower based on credit score, down payment or other factors.

How our VA and conventional loans compare

How our VA and conventional loans compare
Requirement
USAA Bank VA loan
USAA Bank conventional loan

Minimum down payment

0%‍ ‍ See note 2

3%

Loan terms

15 or 30 years

10, 15, 20 or 30 years

Debt-to-income ratio

43% to 50%

45% to 50%

Interest structure

Fixed rate only

Fixed rate only

Mortgage insurance

Mortgage insurance isn’t required.

Private Mortgage Insurance rates may be higher or lower based on credit score, down payment or other factors.
How our VA and conventional loans compare
Requirement

Minimum down payment
USAA Bank VA loan

0%‍ ‍ See note 2
USAA Bank conventional loan

3%
Requirement

Loan terms
USAA Bank VA loan

15 or 30 years
USAA Bank conventional loan

10, 15, 20 or 30 years
Requirement

Debt-to-income ratio
USAA Bank VA loan

43% to 50%
USAA Bank conventional loan

45% to 50%
Requirement

Interest structure
USAA Bank VA loan

Fixed rate only
USAA Bank conventional loan

Fixed rate only
Requirement

Mortgage insurance
USAA Bank VA loan

Mortgage insurance isn’t required.
USAA Bank conventional loan

Private Mortgage Insurance rates may be higher or lower based on credit score, down payment or other factors.

Find a payment that works for you.

Use our calculator to find a monthly payment that may work for you and your budget.

Go to mortgage calculator

Why choose us

Top VA home loan lender‍ ‍ See note 9

USAA Bank ranks as one of the top VA mortgage lenders.

20+ years of experience

USAA Bank has more than 20 years of experience with VA home loans.

Over a century of service

We’ve served the military since our founding in 1922.

Another low down payment option

Owning a home could be within your reach. Learn how a HomeReady® loan through USAA Bank could turn your dream of buying a home into reality.‍ ‍ See note 10

Learn more about HomeReady loans

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Have questions?

For help, questions or to find out what you may qualify for, give us a call.

Call 800-531-0341

For TTY devices, dial

Hours of operation for USAA loan officers

Monday to Friday
7 a.m. to 8 p.m. CT
Saturday and Sunday
Closed

Note: Days and times may vary

Related footnotes:

  1. VA loans may include a funding fee, which may be financed up to the maximum allowed loan amount.

  2. Zero down payment subject to all VA rules, guidelines, and additional program requirements. If previous entitlement was used, a down payment may be required.

  3. The advertised rates and points are subject to change without notice at any time and are not available to every borrower. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment and our internal credit criteria. The advertised rates are based on a fixed rate mortgage loan and rates will vary based on the term of the mortgage loan and property location. Other rates, points, and terms may be available. All loans are subject to credit and property approval. Property insurance is, and flood insurance may be, required.

  4. APR (Annual Percentage Rate) is a rate used to calculate your cost of borrowing in a year. Unlike interest rates, APR factors in the amount borrowed, the interest rate, points, one-time fees, and discounts to determine a more accurate yearly cost. The standardized APR formula is used to make it easier for consumers to compare rates at different businesses.

  5. A down payment will be required if the purchase price exceeds $1.5 million. If previous entitlement was used, a down payment may be required.

  6. USAA Bank Mortgage does not currently offer Conventional loans in the state of Hawaii.

  7. First-time homebuyer means someone who has not owned a home in the past three years.

  8. If all occupying borrowers have not owned a home in the past three years and plan to apply for a USAA Federal Savings Bank, 30-Year Conventional Loan with less than a 5% down payment, at least one borrower on the mortgage loan will need to complete a free homebuyer education course online before closing.

  9. In 2024, USAA Bank originated the 11th highest total of VA purchase home loans and ranked in the top 11 lenders for the highest amount of VA loan volume among more than 1,100 lenders. Source: Department of Veterans Affairs Lender Statistics.

  10. HomeReady® is a registered trademark of Fannie Mae.

Related footnotes:

  1. Use of the term "member" or "membership" refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change. To join USAA, separated military personnel must have received a discharge type of Honorable or General Under Honorable Conditions. Eligible family members may also join USAA.

  2. USAA Bank Mortgage offers mortgage products to members where the property is located within the Continental United States, Alaska, Hawaii, and the District of Columbia. Excludes properties within U.S. Territories. In certain states, product restrictions may apply.

  3. Members must meet all VA eligibility requirements when applying for a VA loan. Speak with a USAA Bank Loan Officer to review current VA eligibility requirements.

  4. Home loans subject to credit and property approval.

  5. "USAA Bank" means USAA Federal Savings Bank.

  6. Bank products offered by USAA Federal Savings Bank.

  7. USAA is an Equal Housing Lender

  8. USAA FSB NMLS 401058

7958686