The VA funding fee is a one-time payment that the Veteran, service member, or survivor pays on a VA-backed or VA direct home loan. Fiscal Year 2015 Interest Rate Reduction Refinance Loan (IRRRL) breakdown of top 300 VA lenders by total volume PDF Documents — To read PDF documents, you need a PDF viewer. The VA loan guarantee program was especially important to veterans. The APR includes both the interest rate and lender fees for a more realistic value comparison. The current 30 year mortgage fixed rate … Today’s VA Mortgage Rates. However, due to the already-low nature of VA home loan rates, VA mortgage rates have experienced little change over the last couple of months. This rate was 2.99% yesterday and 2.97% last week. Compare week-over-week changes to mortgage rates and APRs in Virginia. Links to viewer software can be found at this link . Interactive historical chart showing the 30 year fixed rate mortgage average in the United States since 1971. 30 Year Fixed VA Mortgage Rates. Today’s VA mortgage rates start at 2.375% (2.547% APR) for a 30-year fixed-rate loan.. Average rates are based on a daily survey of our lender network. The chart below shows rates … History. Eligibility Find out if you can get a Certificate of Eligibility (COE) for a VA-backed or VA direct home loan based on your service history and duty status. Rates are based on creditworthiness, loan-to-value (LTV), occupancy and loan purpose, so your rate and terms may differ. To put it into perspective, the monthly payment for a $100,000 loan at the historical peak rate of 18.63% in 1981 was $1,558.58, compared to $438.51 at the historical low rate of 3.31% in 2012. Learn how VA-backed and VA direct home loans work—and find out which loan program might be right for you. 30 Year Fixed Mortgage Rate - Historical Chart. As of February 20, 2014, the weekly average 30-year fixed rate mortgage rate was 4.33% and the average weekly 15-year rate was 3.35%. Compare VA mortgage rates by loan type. Nationally, 30 Year Fixed VA Mortgage Rates are 3.04%. The average VA loan interest rate as of August 21, 2020 is 2.890% for a 30-year fixed mortgage. The table below is updated daily with Virginia mortgage rates for the most common types of home loans. Current advertised rates: 2.250% (2.761% APR) with 0.375 discount points on a 45-day lock period for a 15-Year Fixed VA Loan, and 2.500% (2.814% APR) with 0.875 discount points on a 45-day lock period for a 30-Year Fixed VA Loan. Under the law, as amended, the VA is authorized to guarantee or insure home, farm, and business loans made to veterans by lending institutions. All loans subject to credit approval. On Wednesday, May 12, 2021, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the average 30-year VA refinance rate is 2.660% with an APR of 2.860%. ↵ Many of these programs carry discount points, which may impact your rate. 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