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What are today's VA mortgage rates?
VA mortgage rate trends
Adjust the graph below to see historical VA mortgage rates tailored to your loan program, credit score, down payment and location.
Compare current VA mortgage rates by loan type
The table below is updated daily with VA mortgage rates for the most common types of home loans. Compare week-over-week changes to current VA mortgages and annual percentage rates (APR).
The APR includes both the interest rate and lender fees for a more realistic value comparison.
Conforming loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
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Government loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
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Jumbo loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
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Frequently asked questions about VA loan rates
Who sets VA loan rates?
While the U.S. Department of Veterans Affairs (VA) sets VA loan guidelines for lenders, interest rates on VA loans are set by private mortgage lenders. Private lenders may include mortgage companies, banks and other finance institutions that originate VA loans.
How are VA rates determined?
A variety of factors are taken into consideration when a lender sets their VA interest rates. VA rates may be impacted by market conditions, inflation, job growth and other factors outside your control. Interest rates on VA loans can also be influenced by your:
- Credit score
- Loan type (e.g. purchase, IRRL, cash-out, jumbo, etc.)
- Loan term (e.g. 15-year or 30-year)
- Repayment history
How do VA loan rates compare to other mortgage rates?
Since VA loans are partially backed by the VA against loan default, lenders often consider VA loans less of a credit risk and are generally able to offer them at lower interest rates in comparison to other types of home loans. However, VA mortgage rates may differ with each lender.
What is a good VA loan rate?
Generally, the lower the interest rate the better. Keep in mind, VA rates can fluctuate regularly — sometimes multiple times a day — and are unique to each borrower’s financial situation. In addition to comparing interest rates, you should also compare the VA funding fee, loan origination fees and other charges set by the lender to understand which VA loan offering is the best for you. When you feel like you’ve found the best VA loan rate for you, contact your lender to see if you can lock in the rate.
How do I find the best VA loan rates?
A shorter loan term may get you a lower VA interest rate but require you to make higher mortgage payments. Compare rates and VA loan programs from multiple lenders to improve your chances of securing the best VA loan rate and program for you. The general rule of thumb is to compare rates from at least three different lenders. You can find a VA lender near you on Zillow to learn more about the VA home loan rates you may qualify for.
How are VA mortgage rates different from VA refinance rates?
VA rates when refinancing a home loan may vary from VA rates on a home purchase for several reasons. Rates may vary due to the type of loan, the borrower’s credit score, the loan-to-value ratio and other factors outside the borrower’s control. See current VA refinance rates to compare.
What are the benefits of a VA loan?
Lenders are more likely to offer loan benefits on VA loans than with other loan programs, since they’re government-backed. Some VA loan benefits you may receive include:
- Zero down payment
- No private mortgage insurance
- Lower interest rates
- Limited closing costs
- No prepayment fees
- Loan payment support
Who qualifies for a VA loan?
Eligible service members who have served or are presently serving may qualify for a VA loan. This may include Veterans, active-duty personnel, Reserve members, National Guard members and surviving spouses. In addition to meeting the VA’s eligibility requirements, lenders may also require you to meet additional qualifications. Connect with a VA lender to learn more and start the pre-qualification process with a lender.
- What is a VA funding fee?
A VA funding fee is a one-time payment that most VA loan borrowers are required to pay to keep the loan program running. The amount of the VA funding fee depends on the percent of your down payment and whether this is your first VA-backed home loan. The fee is generally paid at closing or financed into the mortgage. To get an estimate of your VA funding fee costs and mortgage expenses, visit Zillow’s VA mortgage calculator.
Mortgage resources
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Need help financing a new home purchase? Work with a VA lender to get pre-qualified for a mortgage.
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