Find National and your State’s average VA 30 year fixed rates by credit score. The rates can change daily based on economic factors and VA policy.
VA 30-Year Fixed Rates by State –
Your interest rate stays the same for 30 years, giving you predictable monthly payments and the lowest possible payment for a fixed-rate loan for lower credit. Click on a state to see all its rates for all its mortgages.
| 30-year Fixed VA rates | Credit Score | ||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Credit Unions | 5.44% | 5.48% | 5.64% |
| Online lenders | 5.54% | 5.59% | 5.74% |
| Banks | 5.84% | 5.89% | 5.94% |
| Alabama | 6.01% | 6.06% | 6.11% |
| Alaska | 5.99% | 6.04% | 6.09% |
| Arizona | 5.83% | 5.88% | 5.93% |
| Arkansas | 6.06% | 6.12% | 6.17% |
| California | 5.93% | 5.98% | 6.03% |
| Colorado | 5.89% | 5.94% | 5.99% |
| Connecticut | 6.23% | 6.29% | 6.34% |
| Delaware | 6.05% | 6.10% | 6.15% |
| Florida | 5.70% | 5.75% | 5.80% |
| Georgia | 6.19% | 6.23% | 6.29% |
| Hawaii | 5.51% | 5.56% | 5.61% |
| Idaho | 5.84% | 5.89% | 5.94% |
| Illinois | 6.01% | 6.06% | 6.11% |
| Indiana | 6.23% | 6.29% | 6.34% |
| Iowa | 5.70% | 5.75% | 5.80% |
| Kansas | 6.08% | 6.13% | 6.18% |
| Kentucky | 6.12% | 6.17% | 6.22% |
| Louisiana | 6.16% | 6.21% | 6.26% |
| Maine | 6.23% | 6.27% | 6.32% |
| Maryland | 6.02% | 6.06% | 6.12% |
| Massachusetts | 5.97% | 6.02% | 6.07% |
| Michigan | 6.00% | 6.05% | 6.10% |
| Minnesota | 6.06% | 6.12% | 6.17% |
| Mississippi | 6.35% | 6.40% | 6.45% |
| Missouri | 6.01% | 6.06% | 6.11% |
| Montana | 6.30% | 6.35% | 6.40% |
| Nebraska | 6.22% | 6.27% | 6.31% |
| Nevada | 5.83% | 5.88% | 5.93% |
| New Hampshire | 5.75% | 5.80% | 5.85% |
| New Jersey | 6.18% | 6.23% | 6.27% |
| New Mexico | 6.23% | 6.29% | 6.34% |
| New York | 5.97% | 6.02% | 6.07% |
| North Carolina | 5.84% | 5.89% | 5.94% |
| North Dakota | 6.13% | 6.18% | 6.23% |
| Ohio | 5.83% | 5.88% | 5.93% |
| Oklahoma | 6.17% | 6.22% | 6.27% |
| Oregon | 6.00% | 6.05% | 6.10% |
| Pennsylvania | 5.99% | 6.04% | 6.09% |
| Rhode Island | 6.22% | 6.27% | 6.31% |
| South Carolina | 5.77% | 5.83% | 5.88% |
| South Dakota | 5.87% | 5.92% | 5.97% |
| Tennessee | 5.98% | 6.03% | 6.08% |
| Texas | 5.75% | 5.80% | 5.85% |
| Utah | 6.27% | 6.32% | 6.37% |
| Vermont | 6.05% | 6.10% | 6.15% |
| Virginia | 6.11% | 6.16% | 6.21% |
| Washington | 5.96% | 6.01% | 6.06% |
| West Virginia | 6.25% | 6.30% | 6.35% |
| Wisconsin | 6.16% | 6.21% | 6.26% |
| Wyoming | 6.00% | 6.05% | 6.10% |
| Other Terms - National Rates | |||
| 30-year Fixed | 6.26% | 6.31% | 6.36% |
| 30-year Fixed FHA | 6.10% | 6.15% | 6.20% |
| 30-Year Fixed Jumbo | 6.49% | 6.87% | 7.06% |
| 20-year Fixed | 6.01% | 6.06% | 6.11% |
| 15-year Fixed | 5.76% | 5.81% | 5.86% |
| 10-year Fixed | 5.69% | 5.74% | 5.79% |
| 3-year ARM | 7.44% | 7.50% | 7.55% |
| 5-year ARM | 6.38% | 6.43% | 6.48% |
| 7-year ARM | 6.32% | 6.37% | 6.42% |
| 10-year ARM | 6.23% | 6.29% | 6.34% |
Source: MFP’s Community Home Purchase Rates Survey from the last 30 days.
Community Home Lenders Recommendations
Interested to see which home loan lenders are most recommended in your state and area? Thousands of homeowners in your state and area provide their feedback on their VA home loan lender. See which one could help get your VA loan more easily.
What Affects Your VA Rate
Credit Score:
- 740+: Best available VA rates
- 680-739: Excellent rates with all lenders
- 620-679: Good rates, still very competitive
- 580-619: Higher rates but still available
- Below 580: Limited lenders, highest rates
Down Payment:
- 0% down: Standard VA rates (no penalty for zero down)
- 5-10% down: Slightly better rates with some lenders
- 20%+ down: Best rates available
- No mortgage insurance regardless of down payment
VA Funding Fee (2025):
- First-time use, 0% down: 2.15% of loan amount
- First-time use, 5%+ down: 1.5% of loan amount
- First-time use, 10%+ down: 1.25% of loan amount
- Subsequent use: 3.30% (0% down), 1.25% (5% down), 1.5% (10% or more down).
- Disabled veterans: No funding fee required
No Loan Limits:
- VA loans have no maximum loan amount
- Limited only by your VA entitlement and ability to repay
- Full entitlement covers loans up to $548,250 (2024)
- Higher amounts possible with additional entitlement
MFP Tip: VA rates are typically the best available in the market. Combined with no mortgage insurance and zero down payment, VA loans offer unmatched value for eligible veterans.
What is a VA 30-Year Fixed Home Loan?
A VA 30-year fixed home loan is a mortgage backed by the Department of Veterans Affairs that lets eligible veterans buy homes with no down payment and no mortgage insurance. Your interest rate stays the same for all 30 years.
How It Works
The VA doesn’t lend money directly. Instead, approved lenders make the loan, and the VA guarantees a portion of it against default. This guarantee allows lenders to offer excellent rates and terms without requiring down payments or mortgage insurance.
You make 360 monthly payments that include only principal and interest – no mortgage insurance premium. Your rate is locked in and never changes during the loan term.
Main Features of VA 30-Year Fixed Loans
No Down Payment Required: Buy a home with 0% down, up to your available entitlement amount.
No Mortgage Insurance: Never required, regardless of down payment or loan amount.
Competitive Interest Rates: Among the lowest rates available in the market.
Flexible Credit Standards: No minimum credit score requirement from VA (lenders may have minimums).
No Loan Limits: Unlike FHA and conventional loans, VA loans have no maximum amount.
Assumable Loans: Qualified buyers can take over your VA loan with VA approval.
No Prepayment Penalties: Pay extra or pay off early without fees.
Reusable Benefit: Can use VA benefit multiple times throughout your lifetime.
Compared to Other Purchase Loan Types
VA vs. Conventional Purchase Loans:
- VA: 0% down payment allowed
- Conventional: 3-20% down payment required
- VA: No mortgage insurance ever
- Conventional: PMI required if less than 20% down
- VA: Often lower interest rates
- Conventional: Rates vary by credit and down payment
- VA: No loan limits
- Conventional: Conforming loan limits apply
VA vs. FHA Purchase Loans:
- VA: 0% down payment
- FHA: 3.5% minimum down payment
- VA: No mortgage insurance
- FHA: MIP required for life of loan
- VA: No loan limits
- FHA: County-based loan limits
- VA: Often lower rates
- FHA: Competitive rates but typically higher than VA
Monthly Payment Comparison Example ($400,000 home):
- VA loan (0% down, 6.5%): $2,528/month (no PMI)
- Conventional (5% down, 6.75%): $2,448/month + $333 PMI = $2,781/month
- FHA (3.5% down, 6.75%): $2,493/month + $279 MIP = $2,772/month
- VA saves $244-253/month despite no down payment
MFP Tip: If you’re eligible for a VA loan, it’s almost always your best option due to the combination of no down payment, no mortgage insurance, and excellent rates.
Pros and Cons of VA 30-Year Fixed Home Loans
Benefits
No Down Payment Required: Buy a home with 0% down, making homeownership possible without years of saving.
No Mortgage Insurance: Save $200-500+ per month compared to FHA or conventional loans with PMI.
Excellent Interest Rates: VA loans typically offer the lowest rates available, often 0.125-0.50% below conventional.
No Loan Limits: Unlike other government programs, VA loans have no maximum amount based on your entitlement.
Flexible Credit Requirements: VA has no minimum credit score, though lenders typically require 580-620.
Lenient Debt-to-Income Standards: VA focuses on residual income, allowing higher DTI ratios than other programs.
Assumable Loans: Buyers can take over your loan, making your home more attractive to sell in high-rate environments.
Reusable Benefit: Use your VA benefit multiple times throughout your life.
No Reserves Required: Don’t need months of mortgage payments saved after closing.
Seller Concessions Allowed: Sellers can pay up to 4% of the purchase price toward your closing costs.
Rate Protection: Fixed rate means payments never increase due to interest rate changes.
Cons
Eligibility Required: Only available to veterans, active military, and qualifying surviving spouses.
VA Funding Fee: 1.25-3.30% of loan amount (waived for disabled veterans).
Primary Residence Only: Cannot use for investment properties or second homes.
Property Requirements: Must meet VA Minimum Property Requirements for safety and habitability.
Limited Lender Network: Not all lenders offer VA loans, potentially limiting shopping options.
Uses Entitlement: Ties up VA entitlement that could be used for future purchases.
VA Appraisal Required: Must pass VA appraisal, which can be stricter than conventional appraisals.
Occupancy Requirement: Must move in within 60 days and use as primary residence.
When to Get a VA 30-Year Fixed Home Loan
You’re a First-Time Homebuyer: VA loans eliminate the biggest barrier to homeownership: the down payment requirement.
You Don’t Have 20% Down Payment: Avoid mortgage insurance entirely with a VA loan instead of paying PMI on conventional or MIP on FHA.
You Want the Lowest Payment Possible: No mortgage insurance and competitive rates result in lower monthly payments.
Your Credit Isn’t Perfect: VA loans are more forgiving of credit issues than conventional financing.
You Have Higher Debt-to-Income Ratios: VA’s residual income approach may approve you when other programs won’t.
You’re Buying in a Competitive Market: Zero down payment lets you compete with cash offers by avoiding financing contingencies.
You Want to Keep Cash for Other Things: Use your savings for emergency fund, home improvements, or investments instead of a down payment.
You’re PCSing (Permanent Change of Station): Military families can use VA loans for each move without waiting to sell previous homes.
Interest Rates Are Rising: Lock in today’s rates with a fixed 30-year term before they go higher.
You Want Payment Predictability: Fixed rates provide stable housing costs for military families with changing circumstances.
MFP Tip: Even if you have money for a down payment, VA loans often provide better overall value due to no mortgage insurance and excellent rates.
How to Qualify for VA 30-Year Fixed Home Loans
Main Qualification Requirements
VA Eligibility Requirements:
- Veterans with 90+ days active duty during wartime
- Veterans with 181+ days active duty during peacetime
- Active-duty service members with 90+ days service
- National Guard/Reserves with 6+ years service
- Surviving spouses of veterans who died in service or from service-connected disabilities
- Must have valid Certificate of Eligibility (COE)
Credit Score:
- VA has no minimum credit score requirement
- Most lenders require 580-620 minimum
- 620+ gets better rates and easier approval
- 640+ often preferred for jumbo-sized loans
- Manual underwriting available for lower scores
Income and Employment:
- Stable employment history (typically 2 years)
- Sufficient income to support mortgage payment
- All income sources must be documented
- Military income includes base pay, BAH, BAS, and other allowances
Debt-to-Income Ratio:
- VA guideline is 41% maximum DTI
- Higher ratios allowed with strong residual income
- Focus on residual income rather than just DTI
- Manual underwriting for ratios above 41%
Residual Income Requirements:
- Money left after all debts and living expenses
- Varies by family size and geographic region
- Example: Family of 4 in most areas needs $1,003+ monthly
- Higher income areas require more residual income
Property Requirements:
- Must be your primary residence
- Move in within 60 days of closing
- Property must meet VA Minimum Property Requirements
- 1-4 unit properties allowed
- Condos must be in VA-approved projects
VA Entitlement:
- Full entitlement: $548,250 with no down payment (2024)
- Partial entitlement: Can still buy with or without down payment
- Entitlement amount determines maximum loan with 0% down
- Higher loan amounts possible with down payment
Assets:
- Money for closing costs and VA funding fee
- Funding fee can be rolled into loan balance
- Gift funds allowed for closing costs
- No reserve requirements
Occupancy Requirement:
- Must intend to occupy as primary residence
- Move in within 60 days of closing
- Cannot buy for investment or second home
- Spouse can satisfy occupancy if veteran is deployed
MFP Tip: Get your Certificate of Eligibility (COE) before house hunting. You can apply online at va.gov or your lender can help obtain it during the application process.
FAQs: VA 30-Year Fixed Home Loan
How Much House Can I Afford with a VA Loan?
VA loans focus on your residual income after all expenses, not just debt-to-income ratios. Here’s a rough calculation:
Example: $7,000 monthly gross income
- Maximum housing payment (41% DTI): $2,870
- Minus property taxes and insurance: $600
- Available for principal and interest: $2,270
- Loan amount at 6.5% rate: About $360,000
- Purchase price with 0% down: $360,000
You might qualify for more if you have strong residual income and few other debts.
Do I Have to Put Any Money Down?
No, VA loans allow 100% financing up to your available entitlement:
- Full entitlement: Buy up to $548,250 with 0% down (2024)
- Higher amounts: May require down payment or have partial entitlement
- Voluntary down payment: Can put money down for better rates
Even with 0% down, you never pay mortgage insurance.
What Properties Don’t Qualify for VA Loans?
Property Types Not Allowed:
- Investment properties
- Second homes or vacation properties
- Properties with more than 4 units
- Co-ops (in most cases)
- Properties intended for business use
Condition Issues That Can Disqualify:
- Major structural defects
- Safety hazards (exposed wiring, broken stairs)
- Health hazards (lead paint, asbestos)
- Properties requiring immediate major repairs
- Homes without adequate heating systems
VA appraisers are stricter than conventional appraisers about safety and habitability.
How Much Does the VA Funding Fee Cost?
First-Time Use:
- 0% down: 2.15% of loan amount
- 5-9% down: 1.25% of loan amount
- 10%+ down: 1.25% of loan amount
Subsequent Use:
- 0% down: 3.30% of loan amount
- 5%+ down: 1.25% of loan amount
Example: $400,000 first-time purchase with 0% down = $8,600 funding fee
Who’s Exempt:
- Veterans with service-connected disabilities
- Veterans receiving VA disability compensation
- Surviving spouses of veterans who died from service-connected disabilities
Can I Use My VA Benefit More Than Once?
Yes, your VA benefit is reusable:
- Sell home and pay off loan: Full entitlement restored
- One-time restoration: Restore entitlement once without selling
- Multiple properties: Use partial entitlement for additional purchases
- No limit on number of times you can use the benefit
Active-duty families often use VA loans multiple times during their careers for PCS moves.
What if I’m Deployed or Getting Ready to Deploy?
VA loans accommodate military deployments:
- Spouse can handle the entire loan process
- Power of attorney allows spouse to sign documents
- Spouse can satisfy occupancy requirement
- Remote closing options available
- 60-day occupancy requirement flexible for military orders
Can I Buy a Fixer-Upper with a VA Loan?
Limited options for properties needing repairs:
- Property must be move-in ready at closing
- Minor cosmetic work acceptable
- VA renovation loan available for major improvements
- Some repairs can be escrowed at closing
Look at VA renovation loans if you want to buy and fix up a property.
How Long Does the VA Home Buying Process Take?
Pre-approval: 3-5 days (longer if getting COE)
House hunting: Varies by market
Contract to closing: 30-45 days
- Loan processing: 1-2 weeks
- VA appraisal: 1-2 weeks
- Underwriting: 1-2 weeks
- Closing preparation: 1 week
VA loans may take slightly longer than conventional due to additional VA requirements, but the benefits make the wait worthwhile.
MFP Tip: Get pre-approved and obtain your COE before house hunting. This shows sellers you’re a serious buyer and can close on time.
More Home Loan Information:
Most Recommended Home Purchase Lenders (by State and City)
30 Year Fixed Home Loan Rates (by State & non FHA)
15 Year Fixed Home Loan Rates (by State & non FHA)
More Resources for Homeowners.