VA Loan Rates
The Department of Veterans Affairs (VA) doesn't set interest rates. Your lender determines the rate on your VA loan based on your unique financial situation.
However, because the federal government backs VA home loans, lenders are able to offer interest rates lower than conventional loan programs.
What Determines My Rate?
There are several factors that determine your interest rate including:
You also have the option of prepaying interest to lower your interest rate.
Last updated September 23, 2020