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
- $200k Loan for Under $805/Month
- Free and Instant Mortgage Quotes.
- Lock in Your Low Rate Today.
- Virginia Home Mortgage Rates Only!
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...
- Read More
If 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 MoreDate: Jun 03, 2010
If 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 MoreDate: Aug 07, 2012
The 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 MoreDate: Jul 11, 2012
There is an excellent summary document at VA.gov which gives a solid list of resources. - Read More