As mentioned in the previous section, since VA Loans have the backing of the federal government,  lenders are able to slap on competitive interest rates for the borrowers. Recipients find that the VA Home Loan rate is lower than their conventional option.

Contrary to popular belief, however, it is not the VA that sets these rates. Rather, the lender determines the value based on each individual financial situation. To speak with a VA Specialist regarding your situation, call: 800-991-6494.

How is My Rate Determined?

There are 4 main categories considered in your VA Loan Rate: credit score, debt-to-income ratio, loan duration, and current market conditions. Lower credit scores generally result in lower rates on loans; however, thanks to the VA Guaranty, even if your credit score isn’t stellar, you still have a chance at a very low rate.


Call Us! (800) 991-6494.