Latest posts by heroloandev (see all)
VA loan rates change daily based on a number of factors, the first being the market conditions, and on top of these – VA loans have the backing of the federal government, so lenders are able to slap on competitive interest rates for the borrowers.
One thing that seems to be true for most recipients, is that the VA Home Loan rate is typically lower than their conventional option.
How Is My VA Loan Interest Rate Determined?
There are 4 main categories considered in your VA Loan Rate:
- Credit Score
- Debt-to-Income Ratio
- Loan Duration
- Current Market Conditions
Lower credit scores generally result in lower rates on loans; however, thanks to the VA Guaranty, even if your credit score isn’t stellar, you still have a chance at a very low rate.
Get approved for your VA loan now
1Apply in minutes*
2Talk to a loan officer
3Close in as little as 14 days
