How are rates for VA Loans determined?

Video Transcript

How are rates for VA Loans determined?

Mortgage rates are shaped by a host of economic factors. Lenders set their rates based on what’s happening in the bond market and in the greater financial landscape. Interest rates change constantly, often multiple times per day, which is why it’s important to talk with your Loan Officer about when to lock in your rate.

As with other lending products, military members with excellent credit can secure better interest rates and loan terms than those with less sterling credit, but in general, VA Loans have consistently lower rates than conventional loans.

For more information, please call Veterans United Home Loans to speak with a VA Loan Specialist.