VA 30-Year Fixed Mortgage Rates
The most popular VA loan term. Spread your payment over 30 years for the lowest monthly payment of the three standard terms, with the freedom to pay extra whenever you want. With full entitlement, many VA buyers can put $0 down and pay no monthly PMI.
Monthly payment
Lowest of the three terms
Spreading the loan over 360 payments keeps each one smaller.
Total interest
Highest of the three terms
More years of borrowing means more interest, unless you pay extra.
Equity
Builds slowest early on
Every extra principal payment speeds it up, with no prepayment penalty.
A good fit if…
- You want the lowest required monthly payment.
- You want more room to qualify, or more cash flow left each month.
- You like the option to pay extra without being locked into a higher payment.
Think it through if…
- You plan to keep the loan a long time and want to minimize total interest.
- You can comfortably afford a higher payment. Compare the 20-year and 15-year terms.
VA loan terms side by side
Every term can be a VA loan. Here is how they compare in general. Your own estimate shows the exact numbers.
| Term | Monthly payment | Total interest | Equity builds | Often a fit for |
|---|---|---|---|---|
| 30-year | Lowest of the three | Highest of the three | Slowest | Keeping payments low and room in your budget |
| 20-year | In the middle | In the middle | Moderate | Balancing interest savings with a manageable payment |
| 15-year | Highest of the three | Lowest of the three | Fastest | Strong income and a goal of owning your home sooner |
What sets your VA rate
We don’t post one number here, because your rate depends on you and a posted number can be out of date by the afternoon.
- Your credit profile and overall financial picture.
- The loan amount and any down payment.
- The loan term you choose.
- The property and how you’ll use it.
- Points and credits, if you choose to buy the rate down.
- The market on the day you lock.
$0 down
With full entitlement, many VA buyers can finance 100% (closing costs still apply).
No monthly PMI
VA loans have no monthly mortgage insurance. A one-time funding fee may apply unless you’re exempt.
No prepayment penalty
Pay extra toward principal any time and shorten your loan without a fee.