About VA Loan Rates

Interest rate on a home mortgage is one of the key factors that establishes the payment amount. The rate on your VA Loan will be determined by market conditions and factors specific to your situation and your long- and short-term goals.

When evaluating VA Loan Rates, it's important to take account of the entire financial picture, and to be aware of what you're paying to get the rate you receive on your loan. Our Department Representatives will go through your VA Home Loan costs with you line by line.

Reducing Your Rate

Borrowers sometimes wonder whether prevailing interest rates make the current time opportune for buying or refinancing. With a VA Loan, there is added flexibility. In order to help their borrowers keep their rates competitively low, the Federal Government has put into place a Rate Reduction Program, also called the Streamline Program, for borrowers with VA Home Loans and other government-backed mortgages.

One of the benefits of the VA's Streamline Program guidelines is that they allow Veterans and Active Duty Military personnel who currently have a VA Loan to refinance to a lower interest rate without having to re-qualify or obtain an appraisal. It makes it very simple and easy for VA borrowers to reduce their mortgage payment when rates fall. Individual lender requirements can differ from VA guidelines. Read more about the VA Streamline Refinance Program.

VA Mortgage FAQ's

What rate can I get on a VA loan?

For many borrowers, the number they are the most concerned with on their loan is their interest rate. VA mortgage rates, like any mortgage rates, can change on a daily basis.  The VA mortgage interest rates tend to move up and down with conventional loan rates. Typically, VA borrowers ... View FAQ

What are the income requirements for VA home loans?

Income qualifying for a VA home loan is a topic that gets asked about often. Like all loans, VA mortgages have certain qualifying requirements.  These are established by the VA.  The established debt-to-income threshold for VA loans is 41%.  Typically, if a veteran's monthly debt obligation is ... View FAQ

Other Veteran Loan Questions | Ask a Question

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