Typically speaking, VA loans have lower interest rates than conventional mortgages and allow for higher debt-to-income ratios and lower credit scores. These are just a few of the main benefits to securing a VA loan.
It is easy to do some quick research and discover what current home loan rates look like. While rates can fluctuate depending on date, personal requirements, etc., you can find the basic VA loan rate information in our chart here.
Once you’ve decided on the home you want to own, and have completed the contract for the property, our Loan Officer will walk you through the rate selection process. We will be able to provide you with more accurate information after the underwriter has reviewed your case and closing date.
As you can see, there are different forces and market conditions at work here. Collaborating with our experts will ensure the right lender is secured who understands your individual needs moving forward. Without our assistance, some lenders will try and persuade borrowers to jump on low interest rates – which end up almost impossible to qualify for. The Hero Loan team is here to walk you through the process and secure the loan rate that is best for you!