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Today’s VA Loans Mortgage Rates

Rates as of Mar 21, 2025 See assumptions

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What is a VA Loan?

A VA (Veterans Affairs) Loan is a government-backed mortgage specifically for veterans, active-duty military members, and eligible surviving spouses. Mnaged by the Department of Veterans Affairs, this loan offers significant benefits such as no down payment, no private mortgage insurance (PMI), and competitive interest rates.

VA Loans provide various advantages over conventional loans, including more lenient credit requirements and the ability to finance up to 100% of the home’s value. This makes it an excellent option for those who may not have significant savings for a down payment.

Loan Benefits

No Down Payment

Secure a home without needing a down payment, making homeownership more accessible.

No PMI

Avoid private mortgage insurance, reducing your monthly mortgage costs.

Flexible Credit Requirements

Qualify with more lenient credit standards, making it easier for veterans and active-duty members to secure financing.

Eligibility Requirements

Veteran, active-duty service member, or eligible surviving spouse
Certificate of Eligibility (COE) from the Department of Veterans Affairs
Minimum credit score (varies by lender, typically around 620)
Proof of sufficient income and employment
Property must be your primary residence
Debt-to-income ratio within acceptable limits

Start your VA Loans Application

Frequently asked questions

What is a Certificate of Eligibility (COE), and how do I get one?

A COE verifies your eligibility for a VA Loan. You can obtain it through the VA eBenefits portal, your lender, or by mail.

Can I use a VA Loan to refinance my current mortgage?

Yes, VA Loans offer refinance options, including the VA Interest Rate Reduction Refinance Loan (IRRRL) for existing VA loan holders.

Are there any fees associated with VA Loans?

While there is no PMI, there is a one-time funding fee, which can be financed into the loan. The amount varies based on your service category and loan specifics.

Can I use a VA Loan more than once?

Yes, you can use a VA Loan multiple times, provided you meet the eligibility requirements and have enough remaining entitlement.

What types of properties are eligible for VA Loans?

VA Loans can be used to finance single-family homes, multi-family homes (up to 4 units), approved condominiums, and certain manufactured homes.

See what our clients say about us

We are humbled by the kind words of our clients. And we are happy that we were the ones to help turn their mortgage goals into reality.

Zero conditions on approval

Working with Marshall and Betty was incredibly easy. They prequalified my loan so well that I had zero conditions on my approval, just needed insurance.

Austin H.

Quick preapproval with best options

Very professional and easy to work with. Marshall got me preapproved quickly for my purchase and was helpful in finding the best options and rates.

C. C D.

Completely straightforward process

Marshall was amazing to work with - responsive, on top of all the details and super efficient. He made the whole process completely straightforward.

Nina D.

Easy first-time home purchase

Heather made my first time home purchase an exciting and easy process. I am looking forward to using her in the future and so should you!

Brianna R.

Responsive first-time homebuying

Heather was incredibly responsive, organized, and kind. We were very lucky to have her during our first time experience of buying a home.

Jacqueline R.

Complex process made effortless

Delania, Reza & Betty were incredibly knowledgeable and helpful. They were patient, responsive, and always available to answer questions. Their expertise made a complex process feel effortless.

MILES of ALL, LLC

Exceptional first-time homebuyer experience

Suzie made the potentially daunting process incredibly smooth. Her expertise and compassionate approach were invaluable. We wholeheartedly recommend Truss for anyone hesitant about mortgage brokers.

Robert F.