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Purchase a home with a USAA Bank mortgage.

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Purchase a home with a USAA Bank mortgage.

Start loan prequalification

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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

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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.

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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.

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Low down payment loan‍ ‍ See note 6

§ %
Interest rate‍ ‍ See note 3

§ %
APR‍ ‍ See note 4

Points §

This is a great option for first-time homebuyers‍ ‍ See note 7,‍ ‍ See note 8 or those who want to purchase a home with a low down payment.

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How our VA and conventional loans compare

How our VA and conventional loans compare

Requirement

Minimum down payment

USAA Bank VA loan‍ ‍ See note 1

0%‍ ‍ See note 2

USAA Bank conventional loan‍ ‍ See note 6

3%

Requirement

Loan terms

USAA Bank VA loan‍ ‍ See note 1

10, 15, 20 or 30 years

USAA Bank conventional loan‍ ‍ See note 6

10, 15, 20 or 30 years

Requirement

Debt-to-income ratio

USAA Bank VA loan‍ ‍ See note 1

43% to 50%

USAA Bank conventional loan‍ ‍ See note 6

45% to 50%

Requirement

Interest structure

USAA Bank VA loan‍ ‍ See note 1

Fixed rate only

USAA Bank conventional loan‍ ‍ See note 6

Fixed rate only

Requirement

Mortgage insurance

USAA Bank VA loan‍ ‍ See note 1

Mortgage insurance isn’t required.

USAA Bank conventional loan‍ ‍ See note 6

Private mortgage insurance is generally required on loans with less than 20% down payment.

How our VA and conventional loans compare

How our VA and conventional loans compare
Requirement
USAA Bank VA loan‍ ‍ See note 1
USAA Bank conventional loan‍ ‍ See note 6

Minimum down payment

0%‍ ‍ See note 2

3%

Loan terms

10, 15, 20 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 is generally required on loans with less than 20% down payment.
How our VA and conventional loans compare
Requirement

Minimum down payment
USAA Bank VA loan‍ ‍ See note 1

0%‍ ‍ See note 2
USAA Bank conventional loan‍ ‍ See note 6

3%
Requirement

Loan terms
USAA Bank VA loan‍ ‍ See note 1

10, 15, 20 or 30 years
USAA Bank conventional loan‍ ‍ See note 6

10, 15, 20 or 30 years
Requirement

Debt-to-income ratio
USAA Bank VA loan‍ ‍ See note 1

43% to 50%
USAA Bank conventional loan‍ ‍ See note 6

45% to 50%
Requirement

Interest structure
USAA Bank VA loan‍ ‍ See note 1

Fixed rate only
USAA Bank conventional loan‍ ‍ See note 6

Fixed rate only
Requirement

Mortgage insurance
USAA Bank VA loan‍ ‍ See note 1

Mortgage insurance isn’t required.
USAA Bank conventional loan‍ ‍ See note 6

Private mortgage insurance is generally required on loans with less than 20% down payment.

Find a payment that works for you.

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

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Why choose us

A top VA home loan lender‍ ‍ See note 9

USAA Bank is a top VA loan lender year after year.

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.

Looking for a real estate agent?

USAA Agent Connection,‍ ‍ See note 10 powered by HomeStory®, connects you with highly rated local agents to help you buy or sell a home.

Plus, you may be eligible to save up to $9,500 at closing.‍ ‍ See note 11

Explore USAA Agent Connection

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 12

Learn more about HomeReady loans

Related articles

Buying a home: A step-by-step guide

Article: 7 minutes

Read article: Buying a home: A step-by-step guide

VA loan versus conventional loan: What to know

Article: 4 minutes

Read article: VA loan versus conventional loan: What to know

Six steps to buying your home, from finding a lender to closing

Article: 7 minutes

Read article Six steps to buying your home, from finding a lender to closing

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 Bank loan officers

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

Note: Days and times may vary

Get prequalified for a home loan.

Make the buying process easier when you know what you can spend. It only takes a few minutes to get prequalified online.‍ ‍

Start loan prequalification

Not a member? Join USAA

Get prequalified for a home loan.

Make the buying process easier when you know what you can spend. It only takes a few minutes to get prequalified online.‍ ‍

Start loan prequalification

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 our internal credit criteria and your individual circumstances, including your credit history, loan amount, property location, mortgage loan term, and down payment. Other rates, points, and terms may be available. Property insurance is, and flood insurance may be, required. All loans are subject to credit and property approval.

  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 Federal Savings Bank does not currently offer Conventional mortgage 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 the last 10 years, USAA Federal Savings Bank has consistently originated in the top 14 lenders for total originated VA loans and VA loan volume. Source: Department of Veterans Affairs Lender Statistics(Opens new window).

  10. USAA Federal Saving Bank (USAA Bank) is offering the service, USAA Agent Connection, with HomeStory Real Estate Services, Inc (HomeStory), a licensed real estate broker, to help members buy or sell a home.

    HomeStory is not affiliated with USAA Bank. USAA Bank is not responsible for the services or commission credit program provided by HomeStory. Obtaining a mortgage from USAA Bank is optional and not required to participate in the service offered by HomeStory. You may arrange for financing with any lender.

  11. To qualify for the commission credit, you must use a real estate agent who participates in HomeStory’s Real Estate Services Inc (HomeStory) broker-to-broker agreement to complete your real estate purchase and/or sale transaction. You have the right to negotiate the terms of your buyer and/or seller representation agreements. Once your transaction closes successfully, your real estate agent pays a referral fee to HomeStory. All participating agents have been vetted by HomeStory to ensure they meet specific performance expectations based on customer satisfaction ratings and prior experience.

    If you are already working with a real estate agent, please disregard this notice.

    Eligibility and Exclusions:

    To be eligible for the commission credit, your real estate transaction must be completed with a participating HomeStory agent. Short sales, employer-sponsored relocations or any transaction where the real estate agent does not receive a commission are excluded.

    State-Specific Commission Credit Information:

    Commission credit availability, type, and amount may vary based on state regulations. No commission credit is available in the states of Alaska, Iowa, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, Kansas and Tennessee.
    A reduced agent commission may be available for sellers and should be discussed with the agent upon enrollment.
    Commission credit amounts are based on the price of the home purchased and/or sold and cannot exceed $9,500 per transaction.

    Commission Credit Issuance and Enrollment:

    Your enrollment is valid for 18 months from the date of enrollment. If 18 months pass without completing a transaction, you must re-enroll to remain eligible for any commission credits. Any commission credit that you earn does not expire.
    Commission credit eligibility, type, and amount is subject to change at any time, with or without prior notice. This includes, but is not limited to, changes required to comply with federal, state, or local laws and regulations. Any modifications to the service will apply to all enrollments and transactions that have not yet closed as of the effective date of the change. USAA Federal Savings Bank (USAA Bank) is not responsible for commission credit issuance.
    USAA Bank (Lender NMLS 401058) does not perform any activity that is or could be construed as unlicensed real estate activity, and USAA Bank is not licensed as a real estate broker. Employees of USAA Bank are not authorized to perform real estate activity.

  12. 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 Federal Savings Bank 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 Federal Savings Bank Loan Officer to review current VA eligibility requirements.

  4. The trademarks, logos and names of other companies, products and services are the property of their respective owners.

  5. Home loans subject to credit and property approval.

  6. "USAA Bank" means USAA Federal Savings Bank.

  7. Bank products offered by USAA Federal Savings Bank.

  8. USAA is an Equal Housing Lender

  9. USAA Federal Savings Bank NMLS 401058

7958686