Loan options for buying a home

VA loan‍ ‍^{See note 1}

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Interest rate‍ ‍^{See note 3}

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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}

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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}

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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,}‍ ‍^{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.

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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	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.

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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

Buying a home: A step-by-step guide

Article: 7 minutes

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

VA loans versus conventional loans

Article: 4 minutes

Read article: VA loans versus conventional loans

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

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Loan options for buying a home

VA loan‍ ‍^{See note 1}

VA jumbo loan‍ ‍^{See note 1,}‍ ‍^{See note 5}

Conventional loan‍ ‍^{See note 6}

Low down payment loan‍ ‍^{See note 6,}‍ ‍^{See note 7,}‍ ‍^{See note 8}

How our VA and conventional loans compare

How our VA and conventional loans compare

Find a payment that works for you.

Why choose us

Top VA home loan lender‍ ‍^{See note 9}

20+ years of experience

Over a century of service

Another low down payment option

Related articles

Buying a home: A step-by-step guide

VA loans versus conventional loans

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

Have questions?

Hours of operation for USAA loan officers

Loan options for buying a home

VA loan‍ ‍ See note 1

VA jumbo loan‍ ‍ See note 1,‍ ‍ See note 5

Conventional loan‍ ‍ See note 6

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

How our VA and conventional loans compare

How our VA and conventional loans compare

Find a payment that works for you.

Why choose us

Top VA home loan lender‍ ‍ See note 9

20+ years of experience

Over a century of service

Another low down payment option

Related articles

Buying a home: A step-by-step guide

VA loans versus conventional loans

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

Have questions?

Hours of operation for USAA loan officers

VA loan‍ ‍^{See note 1}

VA jumbo loan‍ ‍^{See note 1,}‍ ‍^{See note 5}

Conventional loan‍ ‍^{See note 6}

Low down payment loan‍ ‍^{See note 6,}‍ ‍^{See note 7,}‍ ‍^{See note 8}

Top VA home loan lender‍ ‍^{See note 9}