Today's Lowest VA Loan Rates
Current VA Purchase & IRRRL Refinance Rates
Rates last updated: March 3, 2026
VA loan rates published by Alpine Mortgage Services (NMLS 56905). Mortgage rates vary based on credit score and down payment. The rates shown above reflect national market pricing and are available to qualified borrowers. The advertised rate is based on specific assumptions including loan amount, credit score, down payment and property type. The actual rate you qualify for may vary based on your individual financial profile and other factors. The annual percentage rate (APR) includes the interest rate plus loan origination fees, points and other loan costs.
The rates shown are based on a loan amount of $700,000 and no down payment. VA Mortgage rates are subject to change at any time and are subject to mortgage approval with full documentation of income. All rates shown are for a 30 day rate lock with one discount point on the purchase or streamline refinance (IRRRL) of a single family primary residence with a 740 or higher FICO score.
VA Loan Best Rate Guarantee
Do you want the best deal on your VA mortgage but are tired of trying to compare the fine print to determine the difference between the quotes prepared by various lenders? At Alpine Mortgage we are committed to providing you with the best VA mortgage rate which is why we offer our Best Rate Guarantee. We search out the best rate and fees based on your goals and find the best pricing available through our large variety of loan programs.
You can shop other local lenders for a better deal. If you can find one, provide us that lender's signed and dated lock-in agreement and Loan Estimate on the day the interest rate is locked in and we will beat that lender's interest rate and/or lender fees. At Alpine Mortgage, your satisfaction is our top priority. With our Best Rate Guarantee you can shop for your mortgage with confidence knowing that you are getting the best possible interest rate for your mortgage.
What Our Clients Say
"Alpine got me an amazing rate and made the process so easy!"
– John D, Paramus, NJ
"Their team walked me through everything with great service and communication."
– Sara M, Fort Lauderdale, FL
Why Veterans Choose Alpine Mortgage?
- ✅ Best Rate Guarantee – We Beat Competitor Rates
- ✅ Fast, Simple Pre-Approval Process
- ✅ Licensed Mortgage Specialists
- ✅ $995 Flat Lender Fee – No Hidden Costs
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Our VA Loan Specialist
Steven Parangi
With over 20 years of experience helping veterans with home financing, Steven is dedicated to providing clear, honest advice to make the process as smooth as possible. (NMLS #76024)
VA Loan Benefits
For eligible veterans, active duty service members, National Guard members, reservists and surviving spouses, VA loans offer a combination of benefits that no other loan program can match:
- No down payment required. You can finance 100% of the purchase price
- No PMI. Never pay private mortgage insurance regardless of amount of your down payment
- Lower interest rates. Rates that are usually below conventional loans
- Reusable benefit. You can use your VA loan benefit more than once
- No prepayment penalty. Pay off your loan early without penalty
The one cost unique to VA loans is the VA funding fee which is a one time charge (ranging from 1.25% to 3.30% of the loan amount, depending on your down payment and whether it's your first or subsequent use) that goes directly to the VA to keep the program running. Veterans with a service connected disability rating of 10% or more are exempt from the funding fee entirely.
The VA IRRRL (VA Streamline Refinance)
The Interest Rate Reduction Refinance Loan (IRRRL) is one of the most efficient refinance programs. If you already have a VA loan, the IRRRL allows you to refinance into a lower rate with minimal documentation, no appraisal in most cases and no out of pocket costs if you structure it correctly.
IRRRL at a Glance
- Must refinance an existing VA loan. You cannot use the IRRRL to refinance a conventional or FHA loan
- No appraisal required in most cases. The VA waives the appraisal requirement speeding up the process
- Reduced documentation. No income verification required
- Net tangible benefit required. The new loan must provide a genuine benefit such as a lower rate, lower monthly payment or switching from an adjustable rate to a fixed rate
- Funding fee. The IRRRL funding fee is 0.50% of the loan amount (exempt for veterans with a qualifying disability rating)
IRRRL Eligibility Requirements
To qualify for a VA IRRRL, you must:
- Currently have a VA-backed mortgage on the property
- Use the IRRRL to refinance that existing VA loan
- Certify that you previously occupied the property as your primary residence
- Demonstrate a net tangible benefit
When Does an IRRRL Make Sense?
A common rule of thumb is to refinance when you can reduce your rate by at least 0.50%, though the real calculation involves comparing your upfront costs against your monthly savings.
For example: If you're currently at 6.50% on a $350,000 VA loan and can refinance to 5.75%, you'd save approximately $175 per month. If your total closing costs are $3,500, your break even point is 20 months. If you plan to stay in the home longer than that, the IRRRL saves you money every month going forward.
Given current rates are at a 3 year low, veterans who financed or refinanced during 2023–2024 when rates were in the 6.5%–7.5% range may have a good opportunity to refinance right now.
VA IRRRL vs. VA Cash Out Refinance
If you want to tap into your home's value the VA Cash Out Refinance can be used for that purpose and it does require a full appraisal, income verification and a credit review. Alpine Mortgage can help you evaluate both options based on your specific goals.
Steven Parangi, Licensed Mortgage Loan Originator (NMLS #76024)
View credentials →VA Loans FAQs
A licensed loan specialist will reach out to you via phone or email to discuss your personalized rate options. There is no obligation and no high pressure sales.
Very fast! You'll receive your personalized quote within 1 day. Our goal is to provide you with a clear, accurate quote as quickly as possible.
Yes. Your quote request is 100% confidential and secure. We will never sell your information. A licensed specialist will contact you to provide your custom quote and answer your questions with no obligation.
No. Only lenders approved by the VA may originate VA loans. Alpine Mortgage is VA approved and works with multiple VA approved investors to provide competitive pricing.
A typical VA purchase loan closes in 30–45 days. An IRRRL, due to reduced documentation requirements, often closes faster in about 15–30 days.
On a purchase closing costs generally cannot be rolled in (though seller concessions are allowed up to 4% of the purchase price). On an IRRRL, certain costs including the funding fee can be rolled into the new loan balance.
VA Loan Resources
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