The first question a lot of people ask when applying for a loan is "what will my rate be?" Your interest rate can cost or save you a lot of money over the life of your loan, so it's an important question.
With a VA loan, you'll find you can get a great interest rate that is competitive with other programs on the market- and often even better.
Just like any other loan, you'll get an interest rate based on the lender's risk in issuing your loan. This means that if you've got great credit, your interest rate will be a little bit better.
For those with less-than-perfect credit, there's good news: the VA's guarantee helps reduce the risk in your loan. This allows you to often get a better rate with VA than with other programs. Plus, it's easier to qualify.
We pride ourselves on offering great service to you, so we don't throw around misleading rate quotes. You've probably seen websites advertising ridiculously low rates that hardly anyone can qualify for, or that are loaded with hidden fees. That's not how we do business.
The bond market, your credit, loan type, and many other individual factors will affect the rate you qualify for. The best way for us to give you an accurate idea is to find out a little bit more about you and your home-buying goals. Talk to one of our specialists today to get a quote.
At VA Mortgage Center.com, we don't charge locking fees. Other lenders may occasionally offer an option to lock in at an interest rate early, but it always comes at a cost. You shouldn't have to pay to lock your rate, and if you lock too early you may not be able to lower your rate if the market improves.
To lock your rate, we need the information for the property you want to buy, so you must be in a contract to purchase a home. Depending on the market, we also generally recommend waiting to lock the rate until your loan is reviewed by an underwriter and you have a good idea of the closing date.
Your loan specialist will help you monitor the market to lock in at the best possible time, ensuring that you get a great rate without having to pay extra fees.
Give us a call or fill out an online inquiry today. There's no pressure and no obligation- our VA loan specialists are happy to answer your questions.
Put our knowledge to work for you. With years of experience under our belts, we know VA loans, and can help guide you through the process.
By simply starting the request, you are not obligated in any way and your credit will not be pulled as a result of filling out the form on our website. You are simply asking for more information. Your contact information will be sent to a VA Specialist who will contact you to go over your options.
At VA Mortgage Center.com, we work exclusively with VA Loans. Over 500,000 military families have come to us for help through the VA Loan process. See how we can help you.
