VA Mortgage Rates Today 2026
Current VA loan rates for veterans and active duty military. Calculate your VA funding fee with our interactive calculator, check eligibility, and discover VA loan benefits.
Last updated: June 10, 2026
Current VA Mortgage Rates
Average VA rates from lenders nationwide
| Loan Type | Interest Rate | APR | Change |
|---|---|---|---|
| 30-Year VA Fixed | 6.35% | 6.48% | -0.01 |
| 15-Year VA Fixed | 5.90% | 6.08% | +0.01 |
| 5/1 VA ARM | 5.70% | 6.25% | —0.00 |
| VA Streamline (IRRRL) | 6.20% | 6.35% | -0.02 |
VA Loan Eligibility Requirements
VA loans are available to veterans, active duty service members, National Guard and Reserve members, and surviving spouses. The Department of Veterans Affairs sets the eligibility requirements, and you will need a Certificate of Eligibility (COE) to apply.
Service Members & Veterans
- ✓90 consecutive days of active duty during wartime
- ✓181 consecutive days of active duty during peacetime
- ✓6+ years in the National Guard or Reserves
- ✓Active duty service member currently serving
Surviving Spouses
- ✓Spouse who died in the line of duty
- ✓Spouse who died from a service-connected disability
- ✓Spouse of a service member MIA or POW
- ✓Spouse receiving Dependency and Indemnity Compensation (DIC)
ℹ How to Get Your COE
You can obtain your Certificate of Eligibility (COE) through the VA's eBenefits portal, by mail using VA Form 26-1880, or through your lender (most lenders can pull your COE instantly through the VA's Web LGY system).
Interactive VA Funding Fee Calculator
Use the sliders below to calculate your VA funding fee based on loan amount, down payment percentage, and service type. The funding fee can be paid upfront or rolled into your loan.
VA Funding Fee
✓ Who Is Exempt from the Funding Fee?
- • Veterans receiving VA compensation for a service-connected disability
- • Veterans who would be entitled to compensation but receive retirement or active duty pay instead
- • Surviving spouses of veterans who died in service or from a service-connected disability
- • Purple Heart recipients (as of 2023)
Top VA Loan Benefits
VA loans offer some of the most favorable terms of any mortgage program. Here are the key benefits that make VA loans an excellent choice for eligible borrowers:
0% Down Payment
No down payment required on most VA loans. You can finance up to 100% of the home's value, making it one of the only 0% down loan programs available.
No PMI Required
Unlike FHA and conventional loans with less than 20% down, VA loans never require private mortgage insurance. This saves hundreds per month compared to other loan types.
Lower Interest Rates
VA loan rates are typically 0.25-0.5% lower than conventional rates because the government guarantee reduces lender risk.
Streamline Refinance
The VA IRRRL (Interest Rate Reduction Refinance Loan) offers a simplified refinance process with minimal documentation and no appraisal in many cases.
Flexible Credit Requirements
The VA has no official minimum credit score, though most lenders require 620+. Many lenders work with veterans who have credit challenges.
Lifetime Benefit
Your VA loan benefit never expires. You can use it multiple times throughout your life, even simultaneously in some cases.
Why VA Loans Don't Require PMI
One of the biggest advantages of a VA loan is that it does not require Private Mortgage Insurance (PMI), even with zero down payment. Here is why:
Government Guarantee
The VA guarantees 25% of the loan amount, which protects the lender against loss. This guarantee replaces the need for PMI.
Monthly Savings
PMI typically costs 0.5-1% of the loan amount annually. On a $400,000 loan, that is $167-$333/month saved with a VA loan.
No Equity Threshold
Conventional loans require PMI until you reach 20% equity. VA loans never require PMI, regardless of your equity position.
VA Loan vs FHA vs Conventional
| Feature | VA Loan | FHA Loan | Conventional |
|---|---|---|---|
| Down Payment | 0% | 3.5% | 3-5% |
| Mortgage Insurance | None | UFMIP + Annual MIP | PMI if under 20% |
| Funding Fee | 2.15-3.3% | N/A | N/A |
| Interest Rate | Lowest | Low | Moderate |
| Min. Credit Score | 620 (lender) | 580 | 620 |
| Loan Limits | No limit (2020+) | $530K-$1.15M | $766K-$1.15M |
| Property Types | Primary residence | Primary residence | Any |
VA Loan FAQ
What is the current VA mortgage rate?
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As of June 2026, the average 30-year VA fixed rate is approximately 6.35%. VA rates are typically the lowest of any major loan program, often 0.25-0.5% below conventional rates.
How much is the VA funding fee?
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The VA funding fee ranges from 1.25% to 3.3% of the loan amount, depending on your down payment and whether it is your first or subsequent use. First-time users putting 0% down pay 2.15%. The fee can be rolled into the loan.
Can I use a VA loan more than once?
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Yes! Your VA loan benefit is reusable. Once you sell the home and pay off the loan, your full entitlement is restored. You may also have partial entitlement remaining for a second VA loan in some cases.
Is there a maximum VA loan amount?
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As of 2020, there is no official VA loan limit for borrowers with full entitlement. You can borrow any amount, and the VA will guarantee 25% of the loan. However, lenders may set their own limits based on your income and credit.
Can I use a VA loan for a condo or multi-family?
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Yes, VA loans can be used for condos (on the VA-approved list), multi-family properties up to 4 units (you must occupy one unit), and manufactured homes that meet VA requirements.
How long does it take to close a VA loan?
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VA loans typically take 30-45 days to close, similar to conventional loans. The VA appraisal process can sometimes add a few extra days compared to conventional appraisals.
Calculate Your VA Payment
Use our free mortgage calculator to see your VA monthly payment with 0% down.