VA Loan Interest Rates in 2026: Secrets to Locking in the Best Rate

Are you a veteran or active military member looking to buy a home? If so, securing a VA loan could be one of the smartest financial moves you make. Imagine getting a home with zero down payment and interest rates that are typically lower than conventional mortgages. Sounds too good to be true, right?

But here’s the catch: VA loan interest rates can vary, and if you’re not careful, you might miss out on securing the best deal. So, what’s the current VA loan interest rate in 2026? And more importantly, how can you make sure you’re getting the lowest rate possible?

In this blog, I’ll uncover the latest VA loan interest rates, how lenders determine your rate, and proven strategies to help you lock in the best deal for your dream home. By the end, you’ll have everything you need to navigate the VA loan interest rates landscape and secure a fantastic rate. Ready to dive in? Let’s go!

Current VA Loan Interest Rates in 2026

As of February 3, 2026, the average VA loan interest rates for a 30-year fixed VA loan in the United States is around 6.31%, with a national average APR of 6.35%. Compared to conventional loans, this is a competitive rate, as VA loan interest rates tend to offer rates about 0.25% lower than their conventional counterparts.

Here are the current national averages and “as low as” rates from top lenders:

These rates vary by lender and specific loan product. For example, Navy Federal offers rates as low as 5.25% for a 30-year fixed VA loan, while Veterans United advertises 5.375% for the same loan type.

How Are VA Loan Interest Rates Determined?

Unlike conventional loans, VA loans are guaranteed by the U.S. Department of Veterans Affairs, which reduces the risk for lenders and leads to lower rates. However, your VA loan interest rate will still depend on several factors, including:

1. Your Credit Score

The higher your credit score, the better the interest rate you’re likely to receive. To get the lowest VA loan interest rates (around 5.25%–5.5%), lenders typically expect a credit score of 720 or higher. If your credit score is lower, you may still qualify for a VA loan, but your rate may be higher.

2. Market Conditions

Interest rates fluctuate based on economic conditions. For example, Federal Reserve decisions to adjust the federal funds rate can directly impact VA loan interest rates. Currently, the Federal Reserve has paused rate hikes, which means rates have slightly dropped from last week’s average of 6.38%.

3. Loan Type and Term

The type of loan (fixed or adjustable rate) and the loan term (15-year vs. 30-year) can also impact your rate. Generally, 15-year fixed VA loans have lower rates than 30-year loans, but they come with higher monthly payments. The longer your loan term, the more interest you’ll pay over time.

VA Loan vs. Conventional Loan: Which One Should You Choose?

If you qualify for a VA loan, you’re likely to get a lower interest rate compared to a conventional loan. Here’s how they stack up:

As you can see, VA loans generally provide better terms and rates, especially for those who qualify.

How to Secure the Best VA Loan Interest Rate

Now that you understand how VA loan interest rates work, let’s dive into the best strategies for securing the lowest rate possible.

1. Shop Around for Lenders

Don’t just settle for the first rate you’re offered. Different lenders offer varying rates even for the same loan type. Compare quotes from multiple lenders to find the best deal. Some may offer “as low as” rates that are more competitive than the national average.

2. Improve Your Credit Score

A higher credit score means a lower interest rate. To improve your score, focus on paying off debts, ensuring there are no late payments, and checking for errors on your credit report.

3. Consider a Shorter Loan Term

If you can afford a higher monthly payment, consider opting for a 15-year fixed VA loan. These loans tend to have lower interest rates than their 30-year counterparts. Plus, you’ll pay off your home faster and save money in interest.

4. Lock in Your Rate

Once you’ve found a great rate, ask your lender to lock it in. Interest rates can fluctuate from day to day, so locking it in guarantees your rate will stay the same until your loan closes.

Frequently Asked Questions (FAQs)

1. Are VA loan interest rates always lower than conventional rates?

Yes, VA loan interest rates are typically lower than conventional mortgage rates, thanks to the VA guarantee. However, rates still vary by lender and market conditions.

2. What factors affect my VA loan interest rate?

Your credit score, the loan term, market conditions, and the lender you choose will all impact your VA loan interest rate.

3. Can I refinance my VA loan to get a better interest rate?

Yes! The VA IRRRL (Interest Rate Reduction Refinancing Loan) program allows you to refinance your current VA loan into a lower rate without much paperwork or eligibility requirements.

4. How often do VA loan interest rates change?

VA loan rates change regularly based on market conditions. They can fluctuate on a daily or weekly basis depending on factors like inflation and the Federal Reserve’s actions.

Conclusion

Securing a VA loan is one of the best financial moves you can make if you’re eligible. Not only do you get lower interest rates, but you also have access to benefits like zero down payment and no private mortgage insurance (PMI). If you’re looking to purchase or refinance a home, make sure you shop around, improve your credit score, and lock in the best possible rate.

Ready to get started? Compare offers from top lenders like Navy Federal, Veterans United, and Rocket Mortgage, and secure your ideal VA loan rate today!