Current VA Mortgage Rates

Compare the best VA mortgage rates for your home purchase or refinance and you could save thousands over the life of your loan.

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Current VA mortgage and refinance rates

Loan Product
Interest Rate
APR
30-year fixed rate VA mortgage purchase
n/a%
n/a%
15-year fixed rate VA mortgage purchase
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n/a%
VA 30-year 5/1 ARM mortgage purchase
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n/a%
30-year fixed rate VA refinance
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15-year fixed rate VA refinance
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VA 30-year 5/1 ARM refinance
n/a%
n/a%
Current average rates are calculated using all conditional loan offers presented to consumers nationwide by LendingTree’s network partners on the previous day for each combination of loan type, loan program, and loan term. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.

VA Purchase rates in

Friday, July 25, 2025 at 2:23 PM UTC
Filter results by:
  • Purchase
  • 400000
    $
  • 40000
    $
  • 200000
    $
  • Primary Home
  • 700-739

Why compare VA mortgage rates?

Rate shopping with at least three VA lenders could save you thousands in interest and closing costs. Get VA mortgage rate quotes in the table above by choosing your loan type, home value, down payment and credit score. Keep in mind that VA loans are only for primary residences and not all lenders are approved to offer them.

PercentDown icon Do VA loans have lower rates than other mortgages?

VA loan rates tend to be lower than what most borrowers are offered for conventional loans or FHA loans because they’re guaranteed by the U.S. Department of Veterans Affairs.

However, you’ll need to keep an eye on a VA loan’s total costs (also known as its annual percentage rate or APR). If you have to pay a VA funding fee — and most VA borrowers do — that can push up your total loan costs. You can find APR information on Page 3 of your loan estimate.

leaf icon Read more about the difference between an APR and an interest rate.

How to get the best VA loan rates

  • Improve your credit score. Pull your credit reports and correct any errors that may be affecting your score. If you still need a boost, taking the time to repair your credit can help you qualify for a lower rate.
  • Comparison shop. Get a loan estimate from three to five lenders, and be sure to compare APRs as well as interest rates.
    Checklist icon Learn more about our picks for the best VA loan lenders.
  • Buy discount points. Also called mortgage points, discount points allow you to purchase a lower interest rate. It’s not mandatory, but if you can afford to buy a lower rate, you’ll save money over the long term.
  • Pick a shorter loan term. Most of us see the 30-year mortgage as the standard, but it’s also worth considering a shorter 10- or 15-year mortgage term. If you can afford the higher payments, you’ll save thousands in interest charges over the life of the loan.
  • Choose a variable-rate loan. If you’re truly on the hunt for rock-bottom rates, adjustable-rate mortgages (ARMs) are an option that can help you get a VA loan at the lowest possible interest rate. That said, you need to understand how ARM rates work, and be prepared for the full spectrum of possible rates you could face when the loan starts adjusting.
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What determines VA loan rates?

There are six factors that determine what your VA loan rate will be:

  1. Your credit score. The higher your credit score, typically the lower your rate.
  2. Your loan amount. Lenders may charge a higher interest rate for loans that are unusually small or large.
  3. Your down payment. This isn’t as much of a factor since a VA loan down payment isn’t usually required — however, a higher down payment may result in a lower interest rate.
  4. Your mortgage term. Your term is how many years it takes to repay your loan. You’ll usually pay a lower rate for a shorter term (like a 15-year fixed-rate mortgage versus a 30-year term), but you’ll have a higher monthly payment amount.
  5. Your home’s location. Mortgage rates vary from city to city and state to state.
  6. The financial markets. VA loan rates change daily, based on a variety of economic factors. That’s why it’s important to gather all your rate quotes on the same day.
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Types of VA loans

  • Purchase loans. The highly popular 30-year fixed-rate mortgage is a common choice for borrowers with VA loans.
  • Purchase ARMs. Adjustable-rate mortgages (ARMs) allow you to enter a loan at a very competitive interest rate for a fixed number of years. However, when your “teaser” period ends, the rate becomes adjustable based on market conditions and could become much more expensive.
  • Streamline refinances. Also called interest rate reduction refinance loans (IRRRLs), streamline refinances are an option for borrowers who want to replace an existing VA loan with a new one that better suits their financial situation.
  • Cash-out refinances. If you have a conventional loan, the only way to refinance into a VA loan is through a VA cash-out refinance. This program allows you to pay off your old loan with a new VA loan and take out a lump sum of cash all at the same time.
  • Construction loans. VA construction loans typically come with lower interest rates than other conventional construction loans, and you’ll have the added benefit of delaying your loan payoff until construction has concluded.
  • Renovation loans. Also called a VA rehab loan, this VA loan type allows you to fund the purchase of a fixer-upper home and the renovations all in one loan.
  • Farm loans. You can use a VA farm loan to buy a farm with the caveat that it has to be purchased as a residential property — not a business — and the land has to already have a residential dwelling on it.
  • Manufactured home loans. A VA loan can be used to buy a manufactured home, or to buy both a manufactured home and a plot of land to put it on. You can also refinance a home you already own while purchasing a new plot of land to move it to. Just be prepared to put down at least 5%, as this type of VA loan does require a down payment even if you have full VA entitlement.
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Pros and cons of VA loans

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Frequently asked questions