Learn about current VA mortgage rates, eligibility, and the benefits of these government-backed home loans for veterans and current military members.
Our team of experts curated an in-depth guide to help you compare VA mortgage rates so you can get a home loan that fits your budget.
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Term : 30-yr fixed VA, Rate : 6.000%, APR : 6.231%, Points (cost) : 2.43 ($3,881), Term : 15-yr fixed VA, Rate : 6.250%, APR : 6.579%, Points (cost) : 2.06 ($3,292)
VA loans generally have lower interest rates and are for active veterans and military personnels. Find and compare current VA mortgage rates today.
Find the top mortgages near you ; Get accurate quotes from both traditional and digital lenders ; Get custom mortgage quotes online in under 2 minutes ; No credit checks required to get quotes.
Key takeaways ; VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members and surviving spouses. ; VA loans can be used to purchase or build a primary residence, refinance a current mortgage or cover renovation costs. ; VA loans offer several benefits, including no required down payment, no mortgage insurance and often competitive interest rates.
Low or no down payment · A VA mortgage loan requires little or no money down at closing. ; Simplified approval process · VA loans were designed to offset common financial challenges faced by military families and veterans, and to simplify the approval process. ; Military banking services · U.S. Bank has products especially for military service members, veterans and eligible surviving spouses. Learn more about military banking.
Learn about the VA IRRRL (Interest Rate Reduction Refinance Loan), a streamlined refinance option for veterans to lower their mortgage payments and interest rates.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. When you buy a house, you have many loan options to choose from. The most common is a conventional loan, but FHA loans are popular, too. If you or your spouse has served in the U.S. military, you may be eligible for another type of mortgage: the VA loan. These loans have unique benefits and can ...