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VA Home Loan Rates from the #1 in Customer Service VA Lender

Today’s VA Loan Rates:

30-Year Fixed VA Purchase Loan

5.750%       5.978% APR

Points 1.75

15-Year Fixed VA Purchase Loan

5.875%      6.518% APR

Points 1.25

What Determines My Rate?

Va loan interest rates are influenced by a variety of factors, including:

  • Credit Score

  • Debt-to-Income Ratio

  • Loan Duration ( 15- or 30-year)

  • Current Market Conditions

Due to the risk involved in issuing a loan, a good credit score almost always means a lower rate. However, even if you have imperfect credit, you may still have an easier time qualifying for a low rate die to the VA Guaranty.

VA Interest Rate vs APR

It is important to understand the difference between your interest rate and Annual Percentage Rate (APR). The interest rate on your VA loan is the cost you pay each year to borrow the money and does not reflect fees and charges you may incur to get the loan.

The APR on a VA loan is a broader reflection of borrowing costs, including the interest rate and other potential costs and fees associated with getting the loan.

APR can take into consideration the following items:

  • Interest rate
  • Origination fees and costs
  • Closing agent fees
  • Discount points
  • Other fees dependent on the specific transaction

Your APR is likely to be higher than your base VA loan interest rate. APR is a tool that can help you compare mortgage offers. But understand that lenders can calculate it differently.

VA Loan Rates and APR calculations valid as of November 16, 2022 3:26PM

Mortgage rates update at least daily. Not all loan types are available in every state.

All rate availability will depend upon an individual’s credit score and details of the loan transaction. First-time homebuyers may not qualify for a jumbo product. The interest rates presented are subject to change at any time and cannot be guaranteed until locked in by your Loan Officer.

All rates assume an owner-occupied primary residence not including manufactured homes, and are calculated using a default credit score of 720 with applicable charges and fees (including the VA Funding Fee) included, and also assume 181 days of eligible active regular (non-reserves) military service with no service-related disabilities or previous use of a VA Loan.

The loan rates and APR calculations also assume certain additional facts according to the type of loan described.

Fixed-Rate Purchase Loan Assumptions:

In addition to assumptions above, current advertised rates for fixed rate purchase loans assume a 45-day lock period, no down payment and a $295,000 loan amount.

Streamline (IRRRL) Loan Assumptions:

In addition to assumptions above, current advertised rates for IRRRLs assume a 60-day lock period.

Cash-Out Loan Assumptions:

In addition to assumptions above, current advertised rates for Cash-out loans assume a 60-day lock period and a loan-to-value ratio lower than 90%.

Jumbo Loan Assumptions:

In addition to assumptions above, current advertised rates for Jumbo purchase loans assume a 45-day lock period and a 60-day lock period for Jumbo IRRRLs and cashouts as well as a loan amount of $750,000.

Rates are pulled  from Optimal Blue. All rates and programs subject to change at any time without notice. This is not a commitment to lend. **Refined Lending is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.
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