Compare today's mortgage rates
Compare current VA loan rates | Wednesday, October 22, 2025
Rates are current as of October 22, 2025 7:26 PM EDT
National average mortgage rates:
30-Year VA Fixed
APR 5.74%
-0.04% 1w5-Year ARM
APR 6.77%
-0.04% 1w22 ResultsShowing rates for: Purchase, Good (720-739), $500,000, 30-year fixed, Single-family, Primary residence, VA loans
22 Results for: Purchase, Good (720-739), $500,000, 30-year fixed, Single-family, Primary residence, VA loans. 
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The Nerdy headline
Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates.
Home loans overall
NerdWallet rating
4.0
What we like
- Among the best when it comes to online convenience.
- Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.
- Claims to offer preapproval within 24 hours of loan application.
What we don't like
- You'll have to complete a loan application to see mortgage interest rates.
- Bank branch locations limited to the Midwest.
- Does not offer home equity lines of credit.
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The Nerdy headline
Home loans overall
NerdWallet rating
4.5
What we like
- Offers a variety of mortgage options, including jumbo loans, and FHA and VA loans.
- Offers home equity loans and lines of credit.
- Displays customized rates, with fee estimates, without requiring contact information.
What we don't like
- Doesn’t offer mortgages in all 50 states.
- Home renovation loans are not available.
NMLS#1880338
APR
5.41%
APR
5.41%
Interest rate
5.24%
Est. mo. payment
$2,234/mo
Total fees
$7,409
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Next Door Lending is a wholly-owned subsidiary of NerdWallet
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The Nerdy headline
Next Door Lending, a mortgage broker, offers expert assistance shopping for and closing a loan, as well as specialty loans at competitive rates. Mortgages are not available in every state.
What we like
- Offers a variety of loan types, including first-time buyer programs and loans for self-employed borrowers.
- Real-time rate quotes available while working with a broker.
- Responsive customer service.
- Competitive pricing often available, especially for non-traditional borrowers.
What we don't like
- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.
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VA loans
NerdWallet rating
3.5
What we like
- Offers a purchase loan program with no lender fees for educators and first responders.
- Home equity lines of credit and renovation loans are available.
- Loans available for health-care professionals and self-employed borrowers.
What we don't like
- Mortgage rates are not published online.
- Doesn’t offer home equity loans.
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The Nerdy headline
First Federal stands out for having low interest rates and origination fees compared to other VA lenders.
VA loans
NerdWallet rating4.5
What we like
- Interest rates and origination fees are on the lower end compared to other VA lenders.
- Offers VA energy-efficient mortgages.
- Offers VA refinancing.
What we don't like
- Does not offer VA renovation loans.
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The Nerdy headline
Better provides a seamless and easy-to-navigate application process and generally offers lower mortgage rates than average. VA loans are available in some states.
What we like
- Offers a program allowing qualifying buyers to make cash offers.
- Makes it easy to see customized mortgage rates.
- Average interest rates are on the low end compared to other lenders, according to the latest federal data.
What we don't like
- Doesn’t offer USDA loans.
- VA loans are not available in every state.
- Doesn't offer home equity loans.
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The Nerdy headline
Simplist is an online marketplace of mortgage lenders; human guidance is optional. You’ll make payments to a loan servicer, not to Simplist. Loans are not available in every state.
Home loans overall
NerdWallet rating
4.5
What we like
- Loan origination process can be completed online.
- Offers government-backed FHA and VA loans.
- Offers module that compares mortgage rates among other lenders.
What we don't like
- Offers loans in many states and Washington, D.C., but not nationwide.
- Does not offer home equity loans or lines of credit.
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The Nerdy headline
Online lender Tomo Mortgage uses tech to streamline the process. Its interactive rates tool and no origination fee promise are pluses, but loans aren’t available in every state.
NerdWallet rating
4.0
What we like
- Special program offers a pricing break for first first-time home buyers.
- Offers financing options for self-employed borrowers and those without Social Security numbers.
- Interactive mortgage rates tool takes credit score and location into account.
What we don't like
- Purchase loans are not available in all states.
- Doesn’t offer home equity loans or lines of credit.
- No refinancing options are available.
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About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.
Explore historical VA rate trends
See how rates have changed over time to understand past patterns and economic fluctuations
Historical timeline
Loan purpose
Loan type
30-year Fixed VA
National average 5.74%
Today's average mortgage rates
| Product | Interest rate | APR |
|---|---|---|
| 30-year Fixed | 6.05% | 6.06% |
| 30-year Fixed FHA | 6.12% | 6.86% |
| 30-year Fixed VA | 5.57% | 5.74% |
| 20-year Fixed | 5.51% | 5.51% |
| 15-year Fixed | 5.38% | 5.39% |
| 10-year Fixed | 5.42% | 5.45% |
| 3-year ARM | 7.88% | 7.43% |
| 5-year ARM | 6.33% | 6.77% |
| 7-year ARM | 6.28% | 6.67% |
| 10-year ARM | 6.05% | 6.06% |
Accurate as of 10/22/2025.
Data source: ©Zillow, Inc. 2025. Use is subject to the Terms of Use
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Today's VA mortgage rates | Wednesday, October 22, 2025
Last updated 7:26 PM EDT
On Wednesday evening, October 22, 2025, the average interest rate on a 30-year fixed-rate VA mortgage rose ten basis points to 5.74% APR, compared to yesterday.
The average rate on a 5-year adjustable-rate mortgage rose one basis point to 6.77% APR.
The 30-year fixed-rate VA loan rate is four basis points lower than one week ago and 14 basis points lower than one year ago.
A basis point is one hundredth of a percent, or 0.01%. We describe mortgage rates’ ups and downs in basis points because they simplify comparisons.
NerdWallet’s rates are expressed as an annual percentage rate, or APR, and our mortgage rates data comes from Zillow.
Current VA mortgage rates
NerdWallet’s mortgage rate tool can help you find competitive, customized VA mortgage rates. In the “Refine results” section, enter a few details, and in moments you’ll get a rate quote tailored to meet your needs, without having to provide any personal information. From there, you can start the process of getting approved for your VA home loan.
VA loan eligibility requirements
- Active-duty service members who served 90 continuous days.
- Veterans who have met length-of-service requirements (generally 90 days in wartime and 181 days in peacetime).
- Service members or veterans who have completed 90 days of active-duty service or six creditable years in the Selected Reserve or National Guard.
- Surviving spouses of veterans who died while in service, died from a service-connected disability, went missing in action or were a prisoner of war. Surviving spouses who have remarried are only eligible if the marriage was after age 57 or after Dec. 16, 2003.
Select members of other organizations may also be eligible, such as Public Health Service Officers or Officers of the National Oceanic & Atmospheric Administration.
What determines my VA loan interest rate?
Many factors influence the mortgage rate you’re offered, including the economy, your financial details and the lender. The best way to find out if you’re being quoted a good VA mortgage rate is to apply with multiple lenders.
With a Loan Estimate from each lender compared side-by-side, you’ll be able to see which lender is giving you a good mortgage rate combined with the lowest origination fees.
Personal details that will influence your rate offers include your:
- Credit score: Generally speaking, higher scores come with lower rates. While the VA doesn’t set a specific minimum credit score, lenders will generally want to see a score of at least 620.
- Existing debt: Ideally, your total amount of monthly debt obligations (including your mortgage and other loans) should not account for more than 41% of your monthly pre-tax income.
- Loan term: While shorter mortgage terms will have a higher monthly payment (say, a 15-year loan vs. a 30-year loan), they also come with lower rates.
- Down payment: While this isn’t required for a VA loan, a down payment will lower your loan-to-value ratio, which can result in a lower rate.
- Overall market conditions: Average mortgage rates fluctuate daily and are influenced by many economic factors, as well as the actions of the Federal Reserve.
- Lender: Interest rates can vary by lender, which is why it’s important to shop around with at least three. NerdWallet’s experts have curated a list of our top picks for VA lending.
How VA loans compare with conventional mortgages
For home shoppers who qualify, VA loans have unique benefits over conventional loans.
Factors to consider | VA loans | Conventional loans |
|---|---|---|
Lenders | ||
Interest rates | ||
Property type | Primary home only | Primary or second home, investment properties |
Minimum down payment | Zero, most instances | Usually at least 3%. Some lenders offer special zero-down loans. |
Mortgage insurance | No mortgage insurance. One-time VA funding fee of 1.25% to 3.3% of loan amount for purchase mortgages. | Private mortgage insurance usually required if down payment is less than 20%. |
Minimum credit score | No minimum set by VA, but a 580-620 FICO score is a common lender requirement. | A 620 FICO score is typical. |
Maximum debt-to-income ratio | Lenders will give more scrutiny if DTI is over 41%. | Ideally under 36%, but higher ratios can be accepted. |
On average, VA home loans tend to have better mortgage rates than conventional loans. The rate you’re offered will depend on your credit score and other personal financial details, as well as the lender.
» MORE: VA loans vs. conventional loans
Pros and cons of VA loans
VA loans are often a good deal for borrowers who qualify — especially if they want to buy without making a down payment. Here are some benefits and one drawback to VA loans.
Pros
- Buy with zero down: Qualified VA borrowers may buy without making a down payment.
- No mortgage insurance: Even with a 0% down payment, VA borrowers don’t pay mortgage insurance. Instead, they pay a one-time funding fee.
- Flexible loan qualifying standards: The VA has no minimum credit score requirement, although lenders often require credit scores of 620 or higher. When assessing affordability, the VA looks at how much money is left over after the borrower’s monthly expenses.
Cons
- Funding fee: Although VA loans don’t have mortgage insurance, they do require a funding fee paid at closing. The funding fee varies from 1.25% to 3.3% of your loan amount, depending on down payment size and whether it’s your first or a subsequent VA loan. Note that veterans who are receiving (or eligible for) VA disability benefits may be exempt from paying the funding fee — check with your lender to confirm your status.
» MORE: Get your credit score for free
Learn more about VA loans:
Frequently asked questions
Will VA loan rates go up or down?
Average mortgage rates fluctuate daily and are influenced by the economy’s overall rate of growth, the inflation rate and the health of the job market. See NerdWallet’s mortgage interest rates forecast to get our take.How much does a VA loan cost?
Most borrowers will pay a VA funding fee. For purchase loans with a zero-down payment, the VA funding fee is 2.15% of the loan amount if this is your first VA loan. It can be lower for some refinances and can be waived for disabled veterans and some surviving spouses. Active-duty service members who have received a Purple Heart are exempt from the funding fee. You’ll also be responsible for other closing costs, such as appraisals and inspections.What’s the difference between a VA interest rate and APR?
The interest rate is the percentage that the lender charges for borrowing the money. The APR, or annual percentage rate, can reflect a more accurate cost of borrowing. The APR calculation includes fees and discount points, along with the interest rate.APR is a tool used to compare loan offers, even if they have different interest rates, fees and discount points.
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