VA loan mortgage rates change daily—sometimes even hourly—based on credit score, loan type, lender fees, and broader economic factors. For veterans, active-duty service members, and eligible spouses, VA loans offer below-market interest rates, no PMI, and flexible approval guidelines. Whether you’re purchasing your first home, refinancing, or accessing home equity, knowing today’s VA loan rates helps you make an informed decision.
Current VA Loan Rates for
Mortgage rates for VA home loans remain competitive despite slight fluctuations in the market. These loans continue to provide eligible veterans with an affordable path to homeownership, offering lower rates and more favorable terms compared to conventional loan options. Below are the latest rates for various VA loan types:
| VA Loan Type | Interest Rate | APR | Points |
|---|---|---|---|
| 30-Year Fixed VA Purchase | 5.750% | 6.201% | 1.8130 |
| 15-Year Fixed VA Purchase | 5.625% | 6.382% | 1.8130 |
| 20-Year Fixed VA Purchase | 5.750% | 6.353% | 1.8130 |
| 30-Year Fixed VA Jumbo Purchase | 5.875% | 6.244% | 0.8750 |
| 30-Year VA Cash-Out Refinance | 6.125% | 6.465% | 0.5000 |
| 30-Year VA Cash-Out Jumbo Refinance | 6.125% | 6.465% | 0.5000 |
| 30-Year Streamline (IRRRL) Refinance | 5.875% | 6.197% | 2.0000 |
| 30-Year Streamline (IRRRL) Jumbo Refinance | 6.500% | 6.656% | 0.1250 |
- 30-Year Fixed VA Purchase Loans remain below 6%, making them a cost-effective option for veterans purchasing a home.
- 15-Year Fixed VA Loans offer a slightly lower interest rate for borrowers looking to pay off their mortgage faster.
- VA Cash-Out Refinances are trending around 6.7%, allowing borrowers to tap into their home equity at competitive rates.
- Streamline Refinances (IRRRLs) continue to provide an easy path to refinance your VA loan into lower rates.
Tips for Locking in Rates:
- Monitor Daily Changes: VA loan rates can vary based on the broader market and individual lender offerings.
- Compare Lenders: Different lenders may offer varying rates and APRs, so shop around for the best deal.
- Consider Timing: Lock in a rate when the market is favorable to avoid potential increases.
For veterans and service members considering purchasing a home or refinancing their current VA loan, these rates demonstrate the continued affordability of VA-backed mortgages.
Check Rates with Multiple VA Lenders in Our Network
Factors Affecting VA Loan Mortgage Rates
A variety of variables can influence the interest rate offered to you, including:
Credit Score
Generally, borrowers with excellent credit (720+) can secure the lowest rates%, while borrowers with lower credit scores of at least 580 will get higher mortgage rates.
Loan Type
- VA purchase loans often come with slightly lower rates compared to certain refinance products.
- IRRRL (Streamline Refinance) rates can be among the lowest but depend on your existing VA loan’s terms.
- Cash-out refinance rates can be higher due to increased lender risk.
Loan Term
15-year loans typically offer lower rates than 30-year loans, but the monthly payment will be higher.
Market Conditions
Factors like economic growth, inflation, and Federal Reserve policies can cause daily or even hourly rate changes.
Lender Fees
- Discount points can reduce your rate but require an upfront cost.
- Origination fees and other lender fees can slightly affect your APR.
- Down Payment & Loan-to-Value (LTV)
Although VA loans often require no down payment, providing some down payment might improve the interest rate or associated fees.
Expert Tip: “Even a 0.125% lower interest rate can potentially save borrowers thousands of dollars over a 30-year term,” says Michael Burns, Mortgage Advisor at Patriot Home Lending.
VA Loan Types and Their Rates
1. VA Purchase Loans
Ideal For: First-time homebuyers and repeat buyers who are eligible veterans, service members, or surviving spouses.
Key Benefits:
- Often requires no down payment.
- Competitive, below-market interest rates.
- No private mortgage insurance (PMI).
2. VA IRRRL (Streamline Refinance)
Ideal For: Current VA loan holders looking to lower their interest rate or reduce monthly payments.
Key Features:
- Minimal documentation and faster closing.
- Rates often lower than standard refinance loans.
3. VA Cash-Out Refinance
Ideal For: Borrowers who want to tap into home equity or consolidate debt at a lower interest rate.
Key Benefits:
- Access to cash for home improvements, medical bills, etc.
- Can refinance non-VA loans into a VA loan if eligible.
4. VA Jumbo Loans
Ideal For: VA Jumbo Loans are for purchases or refinances above standard county loan limits (typically above $806,500 in most areas, though this limit may vary).
Key Considerations:
- Jumbo VA loan rates can be slightly higher than standard VA loan rates.
- Higher credit score requirements may apply.
Historical VA Loan Rate Trends
Understanding past rate trends can help you see where the market might be headed. Below is a hypothetical example chart of historical VA loan rates over the last five years (annual average):
| Year | Average VA Rate (30-Year Fixed) |
|---|---|
| 2020 | 3.10% |
| 2021 | 3.25% |
| 2022 | 4.00% |
| 2023 | 5.20% |
| 2024 | 5.80% |
| 2025 | 6.50% |
VA Loan Rate Forecasts
Some industry experts predict that VA loan mortgage rates could remain relatively stable through the next quarter, though economic uncertainty may cause brief spikes or drops. Forecasting mortgage rates is highly speculative; global events, inflation, and policy decisions can rapidly shift the market.
Disclaimer: Rate forecasts are subject to change. Always focus on your personal financial situation rather than timing the market.
VA Loan Limits
As of 2025, the standard conforming loan limit for VA loans is $806,500 in most counties, but high-cost areas can exceed $1 million.
Since 2020, eligible veterans with full entitlement have no official loan limit for most primary-home purchases, but lenders may still impose certain maximums based on credit profile and local property values.
Check your county’s loan limits:
Use the VA’s Official Loan Limit Tool or contact your Regional VA Loan Center for detailed information.
Step-by-Step Guide to Getting a VA Loan
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Determine Eligibility
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Confirm your service requirements, which typically include 90 consecutive days of wartime service or 181 days of peacetime service for veterans, among other criteria.
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Obtain a Certificate of Eligibility (COE)
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Request your COE through va.gov or ask your lender to assist.
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Check Your Credit Score
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Most VA lenders prefer a 620+ credit score, though some VA lenders are able to approved borrowers with a 580 credit score.
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Get Pre-Approved
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Provide financial documents (pay stubs, W-2s, bank statements).
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A pre-approval letter helps guide your home search budget.
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Shop for a Home
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Work with a real estate agent experienced in VA transactions.
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Execute a Purchase Agreement
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Ensure the contract includes a VA option clause, protecting your earnest money if the home does not meet VA standards.
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Complete VA Appraisal & Underwriting
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The VA appraiser will ensure the property meets Minimum Property Requirements (MPRs).
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Close on Your VA Loan
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Review final loan documents, sign, and pay any closing costs.
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Receive the keys to your new home!
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Mortgage Calculator
Use our Mortgage Payment Calculator to estimate your monthly payment, including principal, interest, taxes, and insurance (PITI). Simply enter:
- Loan Amount
- Interest Rate
- Loan Term
- Estimated Taxes & Insurance (optional)
By adjusting the interest rate slider, you can see how different VA loan mortgage rates can affect your monthly payment.
Frequently Asked Questions
1. Who sets VA loan mortgage rates?
Private lenders (banks, credit unions, and mortgage companies) set VA loan rates, not the Department of Veterans Affairs. The VA guarantee reduces risk for lenders, often leading to lower rates for borrowers.
2. How do VA loan mortgage rates compare to conventional or FHA rates?
Historically, VA loan rates are lower than conventional or FHA rates due to the VA backing and lower risk for lenders.
3. Are VA refinance rates different from VA purchase rates?
Yes, they can differ. IRRRL (Streamline) Refinance rates are sometimes lower than purchase rates, while Cash-Out Refinance rates can be slightly higher.
4. What is the APR on a VA loan?
APR stands for Annual Percentage Rate and includes the interest rate plus certain fees, providing a more comprehensive view of your loan’s total cost.
5. Can I get a VA loan with a low credit score?
VA loans have no official minimum credit score, but most lenders prefer a 620 or higher. Some lenders may accept scores as low as 580, though the interest rate may be higher.
Next Steps & How to Lock Your Rate
- Compare Offers: Gather quotes from three or more VA-approved lenders.
- Evaluate Fees & Points: Look at APR to understand total costs.
- Lock In Your Rate: Once you’ve chosen a lender, request a rate lock (usually 30–60 days). This protects you from market fluctuations.
- Close the Loan: Finalize paperwork and enjoy the benefits of your VA loan.
Check Today’s VA Rates with Multiple Lenders
Get Pre-Approved Now
Securing a rate lock at the right time can save you thousands over the life of your mortgage. According to Sarah Thompson, Senior Loan Specialist at Veteran Lending Solutions, “A locked rate guarantees peace of mind in a market where interest rates can shift daily.”
Boost Your Homeownership Journey
Staying on top of VA loan mortgage rates empowers you to secure a better financial future.
From purchase loans to cash-out refinancing, understanding how your credit score, loan term, and market conditions affect rates is key.
Use our daily-updated rate table, explore lender comparisons, and apply tips from mortgage experts to make smart borrowing choices.
Always request multiple quotes, evaluate APRs, and consider locking in your rate when favorable. With careful planning and the right lender, your VA loan can deliver lasting savings and peace of mind.
Start your journey today—get pre-approved and secure your VA mortgage rate with confidence.
VA Loan Eligibility Criteria
To be eligible for a VA loan, applicants must satisfy the Department of Veterans Affairs’ service and eligibility requirements.
- Veterans: Veterans who have completed the required active-duty service and were discharged honorably or under conditions other than dishonorable may qualify.
- Active-duty service members: Those currently serving on active duty can apply.
- National Guard and Reserve members: Eligible if they have completed six years of service or at least 90 days of active-duty service during wartime.
- Surviving spouses: Spouses of service members who died in the line of duty or due to a service-related injury may also be eligible for VA loan benefits.
Service Time Requirements Include:
- 90 consecutive days of active duty during wartime
- 181 consecutive days of active duty during peacetime
- Six years of service in the National Guard or Reserves, or at least 90 days of active-duty service under Title 32 orders (with at least 30 consecutive days served)
