Current VA loan rates
View today's VA mortgage rate, payment, and costs tailored to your information.

I can answer general questions about home loans.
For personalized financial advice, I can connect you with one of our expert loan officers.
- Lending in Florida, Illinois, Indiana, and Tennessee.
- Credit score minimum 580.
- No down payment.
- No mortgage insurance.
- Loan approval, interest rates, and terms are subject to lender review. Actual rates, payments, and costs may vary. If you would like accurate details, please request an official Loan Estimate.
- Enter your information: Input the property's zip code, purchase price, your planned down payment, and your estimated credit score.
- Click "Search rates." The calculator will generate your current VA loan interest rate based on the details provided.
- View your loan details. You'll see your estimated monthly principal and interest payment and the applicable VA funding fee.
- Click "See loan costs." View additional details, including the loan costs. Then, start on your VA loan approval.
Check VA loan rates instantly.
Up-to-date interest rates, payments, and costs whenever you need them.
Calculate payments and fees.
Explore multiple loan options, make informed decisions, and avoid unexpected costs.
Get the best VA loan deal.
Efficiency and low overhead drive down our costs. Then, we pass the savings to you.
"NewCastle helped me get my first mortgage, and I recommend them very highly. Incredible customer service, super responsive, and played a huge role in..."
"My experience with New Castle Home Loans and Jim's team was nothing short of outstanding. They provided me with a home loan that was tailored to my family's needs, and the entire process was incredibly easy-going and hassle-free..."
"Fastest and most reliable service I have ever had and heard. I am especially thankful for Jim Quist for his knowledgeable and caring service. His service was above and beyond..."
"I have done three mortgages with new castle. Perfect efficincy and super happy to work with them again."
"The NewCastle team helped us achieve our long-time goal of becoming homeowners. I never dreamed closing on a home could go so smoothly for us. They were..."
"Highly recommended! Jim and his entire time were friendly, helpful, and responsive. I'm glad I worked with this business, who has an office right here in the city and understands the intricacies of the Chicago market."
"It’s been a absolute pleasure working with the New Castle team for the 2nd time, I can’t say enough good things about this company..."
"I worked with Jim last year and worked with him again this year as well. Jim was very helpful, and is very obvious that he..."
VA loan mortgage calculator FAQ
Are the interest rates shown by the calculator accurate?
Yes, the rates displayed are based on current market conditions and the information you provide, such as your credit score and loan details. While they offer a close estimate, your final rate may vary based on additional factors during the application process.
How long is the quoted rate valid?
The calculator provides real-time estimates, but rates can fluctuate due to market changes. You'll need to lock in a specific rate during the loan application process to secure it.
Can the rate change after using the calculator?
Yes, the calculator provides an estimate based on current information. Actual rates can change due to market conditions or changes in your financial profile until a rate lock is in place.
Is it possible to get a lower rate than the one shown?
Yes. Factors like a higher credit score, larger down payment, changing your income, or choosing a shorter loan term can qualify you for lower rates.
Talk to a mortgage expert at NewCastle Home Loans. We can provide the lowest rate, payment, and out-of-pocket cost for your home purchase.
When should I shop for mortgage rates?
Start shopping for a mortgage when you're "under contract" to buy a house. Under contract means you made an offer on the property, and the seller accepted it.
When you're under contract, the sale has yet to be finalized, as there are often contingencies and other conditions that must be met before the deal can close.
Depending on the sales contract terms, you typically have 15 to 60 days to close. This gives you time to complete due diligence on the property, such as an attorney review, a home inspection, and shopping for a mortgage.
What is a mortgage rate lock?
A rate lock is an agreement between you and a mortgage lender. The lender agrees to give you an interest rate with certain fees for a specific time. In return, you agree to accept the lender's rate and fees and close the loan before the lock expires.
For example, let's say the lender offers a $400,000 loan at 6% with $1,000 in origination fees for 40 days. By locking, you accept the lender's terms, and the lender agrees to hold the rate at 6% for 40 days.
When you're ready, tell the lender to lock the interest rate. They won't automatically do it for you. The interest rate is floating until you lock it. Floating means the rate can change depending on market conditions.
How can I lock in my VA loan interest rate?
You can lock in your mortgage interest rate after finding a home, making an offer to buy it, and signing a sales contract.
We recommend locking the interest rate soon after you're under contract. Then, you have all the information the lender needs to complete your application and secure the interest rate, such as the property address, purchase price, loan amount, and closing date.
When should I get preapproved for a VA loan?
The best time to get pre-approved for a mortgage is between 1 and 4 months before buying a home.
Use our mortgage calculator to get started on your mortgage pre-approval. Alternatively, you can skip ahead and get your pre-approval letter right now.
How long is a mortgage pre-approval good for?
Your mortgage pre-approval letter is good for 4 months from the date we check your credit report. After 4 months, your credit expires, and so does your pre-approval.
We'll update your pre-approval for another 4 months if you're still looking for a home to buy. Updating the pre-approval is easy. First, we recheck your credit and reverify your financial information. Then, you get a new pre-approval letter, so you can take advantage of every opportunity.
How do I apply for a VA loan?
Applying for a VA loan with NewCastle Home Loans is a straightforward process designed to get you pre-approved quickly and confidently. Here's how to get started:
Step 1: Start Your Application. You can start your VA loan application online at NewCastle Home Loans. It takes about 15 minutes to complete. You can also schedule a time to talk with a VA loan expert for personalized assistance.
Step 2: Provide Your Information. Provide information about your credit, employment, income, and the home you'd like to purchase.
Step 3: Obtain Your Certificate of Eligibility (COE). We will request your COE from the VA. This step verifies your service history and entitlement benefits.
Already have a Loan Estimate? Let's get you a better deal on your VA loan.
Upload your current Loan Estimate, and our VA loan experts will quickly review it. We'll identify opportunities to lower your monthly payments and closing costs and provide a better loan ready to close in as little as two weeks.
%20(1).png?width=358&height=450&name=Number%20Icons%203%20(11%20x%2011%20in)%20(1).png)