VA Rates by Credit Score
VA mortgage rates change every business day with the bond market — and run lower than most loans because of the VA guaranty. Here is what drives va rates by credit score.
What to know
VA charges no mortgage insurance at any score, but your base rate still improves with credit. Moving from the high-500s to 700+ can meaningfully lower your VA rate even though eligibility does not change.
What affects your VA rate
- Your credit score and loan term
- Whether you buy discount points
- Purchase vs IRRRL vs cash-out
- The bond market and Fed policy
- Lender margins — so compare quotes
Example payment by rate
| Rate | P&I on a $300,000 loan (30-yr) |
|---|---|
| 5.25% | $1,657 |
| 5.50% | $1,703 |
| 5.75% | $1,751 |
| 6.00% | $1,799 |
| 6.25% | $1,847 |
| 6.50% | $1,896 |
| 6.75% | $1,946 |
Rates move daily. Join the free VA Rate Guide alerts so you can lock — or IRRRL — at the right time.
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Frequently Asked Questions
- VA Rates by Credit Score — the quick answer?
- VA charges no mortgage insurance at any score, but your base rate still improves with credit. Moving from the high-500s to 700+ can meaningfully lower your VA rate even though eligibility does not change.
- Are VA rates lower than conventional?
- Usually yes — the VA guaranty lowers lender risk, and there is no monthly mortgage insurance, so the all-in cost is typically lower.