The national average 30-year VA refinancing APR is 6.38%, up from 6.31% last week. While VA loans can be an excellent money-saving tool for military and working veterans, finding the lender with the best VA loan rates can be a challenge. Quicken Loans currently offers 30-, 25- and 15-year fixed VA loans with VA mortgage loan rates of 3.75%, 3.75% and 3.125%, respectively. VA loan purchase rates refer to the interest on a home loan, while the VA refinance rate will be your new interest rate after refinancing your mortgage. Additionally, veterans may also consider a VA construction loan to finance the building of their dream home.
As is common with VA loans, there is no minimum down payment required to secure a VA loan through Veterans United. However, due to the already low nature of VA home loan rates, VA mortgage rates have changed little in recent months. The type of VA refinance loan, the borrower's credit rating, the loan-to-value ratio, and other factors can influence VA refinance rates.
