VA Loan Closing Costs in Hampton Roads

Published: May 19, 2026 | Category: VA Loans, Military Buyers, Hampton Roads Real Estatenn
## No down payment does not mean no closing costsnn
VA loans are a major benefit for eligible service members, veterans, and qualifying surviving spouses. They can make homeownership more reachable, especially in a military market like Hampton Roads. But one of the most common surprises for VA buyers is this: a VA loan may allow no down payment, but buyers still need a plan for closing costs and prepaid expenses.nn
In Virginia Beach, Norfolk, Chesapeake, Portsmouth, Hampton, Newport News, and Suffolk, closing costs can include lender fees, title charges, recording costs, prepaid taxes, prepaid insurance, appraisal costs, inspections, and settlement-related expenses. The exact number depends on the property, lender, price point, taxes, insurance, and timing.nn
## What VA says about seller credits and concessionsnn
The Department of Veterans Affairs explains that sellers or builders may offer credits to cover some or all of a buyer’s closing costs. VA also states that seller concessions are limited to no more than 4% of the home’s reasonable value, and that regular closing-cost credits are treated differently from certain concessions.nn
VA also notes that on a purchase or construction/permanent loan, buyers generally cannot finance closing costs into the loan, except for the VA funding fee. That makes planning important before you make an offer.nn

      Practical takeaway: A strong VA offer is not just about purchase price. It should consider seller credits, lender credits, inspection costs, appraisal expectations, prepaid expenses, and what you actually need to bring to closing.`n`n
    
    ## Common VA buyer closing cost categories`n`n
    ### Lender and loan costs`n`n
    These may include origination, discount points, credit report costs, underwriting, processing, and other lender-specific fees. Your Loan Estimate and Closing Disclosure should show these clearly.`n`n
    ### Title and settlement costs`n`n
    Title search, title insurance, settlement fees, recording, transfer taxes, and other local closing costs can vary by transaction and property location.`n`n
    ### Prepaids and escrow setup`n`n
    Buyers may need to fund homeowner's insurance, property tax reserves, prepaid interest, and escrow deposits at closing. These costs can change depending on the closing date.`n`n
    ### Inspections and due diligence`n`n
    Home inspections, termite inspections, specialty inspections, and repair negotiations matter in Hampton Roads because age, crawl spaces, moisture, flood zones, HVAC age, and roof condition can affect both comfort and resale.`n`n
    ## How to reduce cash-to-close pressure`n`n
    
      * Ask your lender for a realistic cash-to-close estimate before touring homes.`n
      * Discuss seller-paid closing cost strategy before writing the offer.`n
      * Compare lender credits, interest rate tradeoffs, and long-term payment impact.`n
      * Use an agent who knows VA appraisal and property condition expectations.`n
      * Ask Burchette Homes about our military and veteran VA buyer closing cost credit program.`n
    
    ## Where Burchette Homes can help`n`n
    Our role is to help you connect the dots: the right home, the right area, the right offer strategy, and the right closing-cost plan. For eligible military and veteran VA buyers, our closing cost credit program may provide additional support when permitted by lender guidelines, settlement rules, the purchase contract, and written program terms.`n`n
    Review the official [VA funding fee and closing costs guide](https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/), then talk with your lender and Burchette Homes before you begin the home search.`n`n
    
      [VA Buyer Credit Program](/military-va-closing-cost-credit)
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## Ready to plan your next move?`n`n
Burchette Homes helps Hampton Roads buyers, sellers, and military families make confident real estate decisions.`n`n
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