VA loan rates today, November 6, 2026: what borrowers should know

VA loans, backed by the U.S. Department of Veterans Affairs, are specifically designed to assist veterans and active service members in achieving homeownership. These mortgages offer significant advantages, including the elimination of down payment requirements, typically lower interest rates compared to conventional loans, and the waiver of private mortgage insurance for those with less than 20% equity.

This makes VA loans a particularly valuable option for those who have served and may not have substantial savings for a down payment. Several lenders stand out for different borrower priorities, as highlighted below.

**For Exceptional Customer Service:** Veterans United consistently receives high ratings from J.D. Power and the Better Business Bureau, alongside offering a 24/7 phone line. Beyond loan processing, Veterans United provides free credit counseling and supports military families through its Veterans United Foundation.

**For Competitive Rates:** Navy Federal Credit Union frequently offers VA loan rates below the industry average, often surpassing competitors. They also provide a 0% down payment option for military members and a service allowing borrowers to reduce their mortgage rate for a $250 fee.

**For Online Application and Management:** Rocket Mortgage provides a user-friendly website and mobile app, along with the option for remote closing. They also offer closing credits when partnering with Redfin real estate agents.

Data on these lenders includes:

**Veterans United:** Offers conventional, FHA, VA, USDA, jumbo, refinancing, and home equity loan options. Terms range from 10- to 30-year fixed rates. Minimum credit score is 620 for conventional and 500 for FHA loans. Down payment requirements are 0% for VA loans, 3% for conventional, and 3.5% for FHA.

**Navy Federal Credit Union:** Provides personalized rate quotes online and offers conventional, VA, Military Choice, and Homebuyers Choice loans. Credit score requirements are flexible, and down payments are 0% for VA loans and 5% for conventional options.

**Rocket Mortgage:** Offers a wide range of mortgage types, including conventional, FHA, VA, and jumbo loans. Terms include 10-, 15-, and 30-year fixed rates, with a 0% down payment for VA loans and availability across all 50 U.S. states.