VA mortgage rates today
Mortgages guaranteed by the United States Department of Veterans Affairs (VA) are available to active-duty and retired military personnel and their families. These home loans are available with no money down, have credit score requirements that are far more flexible than conforming mortgages and do not require borrowers to pay mortgage insurance. However, VA mortgage borrowers must pay a “funding fee” which can be around 3 percent of the loan amount.
VA mortgage loans are capped at $417,000 in most areas of the country; however, they can be as high as $1.094 million in certain high-cost areas of the country. Since the VA is not the lender of these loans, but instead guarantees them, individual lenders are responsible for setting interest rates and closing costs. Borrowers are encouraged to shop around to compare mortgage rates and closing costs between several different VA mortgage lenders. VA borrowers must show lenders a Certificate of Eligibility that proves you’re qualified to receive VA financing.
Current VA mortgage rates in the United States
Featured VA mortgage rates articles
VA Home Loans: A Quick Eligibility Guide for Homebuyers
Date: Feb 04, 2010
Why a VA Loan?
Five Easy Steps To a VA Loan...
VA Financing - A Good Deal For Veterans...
What Is A VA-guaranteed Loan?
What Can A VA Loan Be Used For?
Who Is Eligible?
Had A VA Loan Before?
How To Get A VA Loan...
Requirements For Loan Approval...
Costs Of Obtaining A VA Loan...
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How to refinance a VA mortgage with an IRRRL
Date: Aug 30, 2010If you have a VA home loan, consider yourself lucky. VA mortgages can be refinanced easily, quickly and inexpensively. Here's what you need to know and where you need to go. - Read More
Veterans: Save with a Streamline Refinance
Date: Jun 03, 2010If you currently have a VA mortgage, you can sidestep a lot of the concerns other homeowners have to deal with when refinancing their homes. The economy may have taken its toll and hurt your credit, your income may have been reduced, and your home's value may have dropped to the point that you're underwater on your mortgage. But for a VA refinance, it doesn't matter. - Read More
Winning the refinance battle
Date: Aug 07, 2012The VA's Interest Rate Reduction Refinancing Loan (IRRRL) is a streamlined refinance product -- with few restrictions and low documentation requirements -- that lowers the interest rate for veteran homeowners. - Read More
What options and assistance are available to VA borrowers?
Date: Jul 11, 2012There is an excellent summary document at VA.gov which gives a solid list of resources. - Read More
