VA Loan Rates


What Determines My Rate?

Because VA Loans are backed by the federal government, lenders have the luxury of charging competitively low interest rates. Service members who are eligible find that rates are generally lower with a VA home loan than a conventional mortgage.

To speak with a VA Mortgage Specialist about interest rates, call (770) 897-LOAN (5626) today.

Your interest rate is influenced by a variety of factors, including:

– Your credit score
– Debt-to-income ratio
– Loan duration (15 or 30 year)
– Current market conditions

Because of the risk involved in issuing a loan, a good credit score almost always means a lower rate. However, even if your credit report isn’t in perfect shape, you may still have an easier time qualifying for a low rate due to the VA guaranty.

How Do I Lock In My Rate?

Once you’ve identified the house you wish to purchase and have entered a contract for that property, we’ll help you figure out what the rate will look like. In most cases, we will have a better forecast of your rate after an underwriter has reviewed your loan and you have a general idea of your closing date.

If you’re ready to get started on determining your rate, or if you have more questions, don’t hesitate to get in touch with one of our experts at (770) 897-LOAN (5626) or fill out our VA Home Loan inquiry form. There’s no obligation, and you’ll be one step closer to owning your brand new home.

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