Current VA Loan Rates 2026
| Loan Type | Average Rate (2026) | APR Range | Best For |
|---|---|---|---|
| 30-year fixed VA | 6.50% | 6.55–7.00% | Long-term stability |
| 15-year fixed VA | 5.85% | 5.90–6.35% | Faster payoff, less interest |
| VA ARM (5/1) | 5.75% | 5.80–6.25% | Shorter ownership period |
| VA IRRRL (streamline refi) | 6.25% | 6.30–6.75% | Lowering existing VA rate |
Credit score: each 20-point improvement can reduce your rate 0.1–0.25%. More than 620 credit score opens better rate tiers with most lenders. Loan-to-value: a small down payment (5–10% even on VA) can qualify for better rates. Debt-to-income ratio: lower DTI (under 36%) signals lower risk. Loan amount: standard conforming limit loans get better rates than jumbo VA loans. Shop at least 4 lenders — rates on VA loans vary 0.25–0.5% between lenders.
Frequently Asked Questions
Generally yes — by 0.25–0.5% on average. However, borrowers with excellent credit (740+) may find conventional rates competitive with VA rates, especially when factoring in the VA funding fee. Compare both options with your specific financial profile to determine which is truly cheaper over your expected ownership period.
Yes — VA loan rates move with the broader mortgage market, which responds to Federal Reserve policy, inflation data, and economic indicators. Lock your rate when you find a good one — rate locks typically last 30–60 days. If rates drop after you lock, some lenders offer float-down options. If rates rise after you lock, your agreed rate is protected.