What VA loan rates will I qualify for?

VA mortgage rates tend to be lower than conventional loans (which are your typical loans, not backed by the government).

That said—borrowers with higher credit scores are eligible for lower interest rates on a VA loan. Those with lower scores may receive higher-rate quotes from lenders. Also, the term you choose will impact your rate. Shorter terms get lower rates!

Note that your annual percentage rate (APR) is your interest rate plus any applicable fees rolled into one handy figure.