VA Mortgage Rates

Because VA Loans are backed by the federal government, lenders have the luxury of charging competitively low interest rates. Service members who are eligible find that rates are generally lower with a VA home loan than a conventional mortgage.

To speak with a VA Mortgage Specialist about interest rates, call 800-884-5560 today.

What Determines My Rate?

Your interest rate is influenced by a variety of factors, including:

  • Your credit score
  • Debt-to-income ratio
  • Loan duration (15- or 30-year)
  • Current market conditions

Because of the risk involved in issuing a loan, a good credit score almost always means a lower rate. However, even if your credit report isn't in perfect shape, you may still have an easier time qualifying for a low rate due to the VA guaranty.

How Do I Lock In My Rate?

Once you've identified the house you wish to purchase and have entered a contract for that property, we'll help you figure out what the rate will look like. In most cases, we will have a better forecast of your rate after an underwriter has reviewed your loan and you have a general idea of your closing date.

If you're ready to get started on determining your rate, or if you have more questions, don't hesitate to get in touch with one of our experts at 800-884-5560 or fill out our VA Home Loan inquiry form. There's no obligation, and you'll be one step closer to owning your brand new home.

Why Veterans United?

Locking in your interest rate at the right time is key, which means it's important to find a lender who understands your needs and the forces that shape interest rates.

Some lenders try to entice borrowers with unbelievably low rates that are almost impossible to qualify for. We'll work within your financial means and give you an accurate and realistic quote.

With Veterans United Home Loans, you won't be forced to pay hidden costs or locking fees. By speaking with a Veterans United loan specialist, you're guaranteed total transparency when it comes to your interest rate.

Are you a first-time homebuyer? Read our next section for more information about purchasing your first home with a VA Loan.

Call 800-884-5560 to speak with one of our VA mortgage specialists, or Get Started Now
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