Important Rate Disclaimer
The rates shown below are national average rates for best-execution purchase loans and do not reflect specific rates offered by Cambria Mortgage. This is not a rate lock or loan offer. Your actual rate may vary based on your credit score, loan amount, property type, VA entitlement, and current market conditions. VA rates are typically lower than conventional rates shown. Contact Joe for your personalized VA rate quote.
✦ The VA Loan Rate Advantage
VA loans consistently offer lower interest rates than conventional loans because they are backed by the U.S. Department of Veterans Affairs — reducing lender risk and passing the savings on to you.
National Mortgage Rate Averages
Updated daily from Mortgage News Daily. Note: These are national averages, our rates are usually lower!
Current as of:
Understanding VA Loan Rates
How VA Rates Are Determined
VA loan rates vary based on numerous factors. The national averages shown above assume optimal conventional loan conditions. VA loan rates are influenced by both market factors and your personal financial profile.
- Credit Score: Rates shown typically assume FICO scores of 740+. VA loans are more flexible — minimums vary by lender
- Loan-to-Value Ratio: VA loans allow 100% financing — no down payment required in most cases
- VA Entitlement: Full vs. remaining entitlement may affect your loan amount and rate
- Property Type: Primary residence single-family homes typically get best rates
- Loan Purpose: Purchase vs. IRRRL refinance vs. cash-out refinance rates differ
- Points: Rates may include discount points — Joe will explain your options
- Market Conditions: VA rates move daily with bond markets
Factors That Affect Your VA Rate
- Credit score and history
- Loan amount and term
- Debt-to-income ratio
- Property type and location
- VA funding fee (can be financed)
- Current bond market conditions
- Discount points chosen
Why VA Rates Beat Conventional
- Government backing reduces lender risk
- No PMI requirement saves money monthly
- Assumable loans — a future buyer can take your rate
- No prepayment penalty ever
- Limited closing costs allowed
- Competitive lender marketplace
- Independent broker shops 50+ lenders for you
Free — takes just 2 minutes — no obligation
Don't Rely on National Averages — Get Your Real VA Rate
Joe Metzler will provide accurate, personalized VA loan rate quotes based on your specific situation and today's live market rates.