What Is The Mortgage Rate For A Va Loan

Today’s VA mortgage rates start at 2.25% (2.421% APR) for a 30-year fixed-rate loan. Average rates are based on a daily survey of our lender network.

The funding fee varies from 1.4% to 3.6%, depending on size of down payment and whether it’s your first or a subsequent VA loan. How are VA mortgage rates set? At a high level, mortgage rates are determined by economic forces that influence the bond market.

However, due to the already-low nature of VA home loan rates, VA mortgage rates have experienced little change over the last couple of months. The average VA loan interest rate as of July 8, 2020 is 2.5% for a 30-year fixed mortgage. The average VA loan interest rate as of August 21, 2020 is 2.890% for a 30-year fixed mortgage.

VA mortgage rates today, January 16, 2022, start at 3.125% (3.305% APR) for a 30-year fixed-rate loan. Average rates are based on a daily survey of our lender network. Your own VA loan rate will likely be higher or lower depending on factors like your credit score and down payment.