VA Loan Fluctuation

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.

Current VA Loan Interest Rates*

The following is a table from, but there are several categories considered in a VA Loan rate, so be sure to consult with your Hero Loan Team Member to learn more about your interest rate options. 

VA Loan Type Interest Rate APR
30-Year Fixed VA Purchase 2.250% 2.541%
30-Year Streamline (IRRRL) 2.875% 3.039%
15-Year Streamline (IRRRL) 2.875% 3.159%
30-Year VA Cash-Out 2.990% 3.274%
15-Year VA Cash-Out 2.990% 3.494%
30-Year Fixed VA Jumbo 2.750% 3.030%
30-Year Streamline (IRRRL) Jumbo 3.375% 3.544%
30-Year VA Cash-Out Jumbo 3.500% 3.773%

*Interest rates as of 7/15/2020. Rates are subject to change.

How Is My VA Loan Interest Rate Determined?

There are 4 main categories considered in your VA Loan Rate: 

  1. Credit Score
  2. Debt-to-Income Ratio
  3. Loan Duration
  4. 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.  

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