VA loan are government-insured.
You actually get financing from a private mortgage lender, like Atlantic Bay, just like you would with a conventional loan.
Subsequently, is 2.75 interest rate good for mortgage?
Is 2.875 a good mortgage rate? Yes, 2.875 percent is an excellent mortgage rate. It’s just a fraction of a percentage point higher than the lowest–ever recorded mortgage rate on a 30–year fixed–rate loan.
Likewise, people ask, what lender has the lowest VA mortgage rates?
Best 15-Year Fixed Navy Federal Credit Union
They earned our nod for best 15-year fixed-rate loan because their current rate, 2.25%, is the lowest among lenders. NFCU also stands out because of its unique service programs that support that low rate.
What’s the VA mortgage rate today?
Current VA Mortgage Rates
|VA Loan Type||Interest Rate||APR|
|30-Year Fixed VA Purchase||2.750%||3.078%|
|15-Year Fixed VA Purchase||2.375%||2.957%|
|30-Year Streamline (IRRRL)||2.990%||3.145%|
|15-Year Streamline (IRRRL)||2.750%||2.998%|