VA Current Mortgage Loan Rates
Videos feature Tim Lewis, VA Loan Team Manager, NMLS #157603.
How does my credit score affect my VA home loan interest rate?
Since, in many conventional loan programs, the rate you can receive is directly tied to your credit score, many VA borrowers wonder if the same is true of VA loans. The VA home loan program doesn't provide for a tiered rate structure based on credit score. As far as the VA is concerned, anyone who qualifies for the program is eligible for the best rate available. Individual lenders and investors-- the ones actually lending the money—may or may not build in their own pricing differences to offset risk. But generally speaking, your credit score typically won't affect your rate on a VA home loan like it can with other conventional programs.
A VA loan professional can help you know whether you qualify for a VA program, and the rate you can expect to receive.
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