What are VA mortgage rates?
What are VA mortgage rates?
VA mortgage rates are interest rates that are charged on VA home loans, which are backed by the U.S. Department of Veterans Affairs (VA). The specific mortgage rate that a borrower is offered will depend on a variety of factors, including the borrower’s credit score, income, debt-to-income ratio, and the term of the loan.
Like other types of mortgage loans, VA mortgage rates are influenced by a number of economic and market factors, such as inflation, economic growth, and the overall demand for mortgages. VA mortgage rates may also be influenced by factors specific to the VA home loan program, such as changes in the cost of funding the program, changes in regulations or policies, and changes in the overall health of the VA mortgage market.
As of February 2023, VA mortgage rates are generally competitive and lower than the rates on conventional loans, although the specific rate offered to a borrower will depend on a variety of individual factors. To find out your personal VA Home Loan rate and to get prequalified call one of our VA specialists at (208) 388-0500.
If you are ready to get started with a VA Home Loan, apply today! For more information, please contact our VA experts at 833-VA-Expert. (833) 823-9737
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