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VA Loan Rates

Since VA Loans are guaranteed by the federal government, lenders have the comfort of charging competitively low interest rates. Service members who are eligible find that VA Loan Rates are generally lower than the traditional conventional mortgage.

What Determines VA Loan Rates?

  • Credit
  • Debt-to-income ratio
  • Loan term (15- or 30-year)
  • Current market conditions

Since interest rates are always a reflection of risk, a good credit score almost always means a lower interest rate. Even if your credit score is not excellent, you will still be able to receive a very good VA interest rate.

How are VA Loan Rates locked?

Once you have found the house you wish to purchase or you decided to refinance for better terms. Your VA loan benefits specialist will let you know what interest rates are available for you. They will lock your rate at the appropriate time, usually after you send back the initial disclosure package.

To speak with a VA loan benefits specialist, call the number aboveĀ or fill out the short form and a specialist will contact you.

VA Loan Rates

VA Loan Rates