Finding the Best VA Loan Rates at a Military Bank

For military personnel and their families, the prospect of owning a home stands as a significant milestone. Thankfully, VA home loans^* offer a viable path to make this dream a reality. And when it comes to finding the best rates and choosing a lender, Armed Forces Bank stands out as the go-to military bank for its unwavering commitment to serving military personnel and their families.

Understanding VA home loans

Before we dive into the specifics of what we offer, let’s break down the basics of VA home loans. These loans, backed by the Department of Veterans Affairs, are designed to help veterans, active-duty service members, and eligible surviving spouses, purchase build or refinance a home.

How to find the best VA home loan interest rates

Getting a great VA home loan rate requires careful planning and research. Understanding the factors that influence interest rates may help you get a favorable outcome for your home loan interest rate. While these steps may not always guarantee the absolute best rate, they can usually help you get on the right path.  

1. Know your VA loan options

There are different types of VA loans available, from buying a house, to refinancing, to making home improvements. Take a moment to evaluate your needs before diving in and choosing a loan.

2. Check your credit

Lenders usually peek at your credit score and debt-to-income ratio (DTI). Keeping your credit in good shape increases your chances of landing some great interest rates. And if your credit needs a boost, Armed Forces Bank has tools like personal budget calculators and the Credit Builder Secured Visa® Credit Card^** to help you reach your financial goals.

3. Think about making a down payment

While VA home loans do not require a down payment, putting some money down could lower your interest rates and save you cash in the long run.

4. Lean on Armed Forces Bank

Our Loan Officers are top-notch and here to guide you every step of the way. With over 80% of our Armed Forces Bank associates affiliated with the military, our team has extensive knowledge and understanding of the challenges of military life. Don’t be shy about reaching out with questions or concerns.

How to get started on a VA home loan

Applying for a VA home loan might seem overwhelming, but with a little preparation and the right support, you’ll be on your way to homeownership in no time! Armed Forces Bank is your partner in achieving your homeownership dream with VA home loans. Take that first step toward your new home with confidence. Your home loan journey starts here!

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^*Subject to credit approval. VA funding fee may apply. VA loan qualification guidelines apply. Borrowers pay third party fees that include the appraisal fee, title fees, insurance, etc.  Additional restrictions and fees may apply.  VA loans are offered exclusively to qualified military service members

**Subject to credit approval.  Transaction and Penalty fees apply.  Credit Builder Savings account required.  $5.00 quarterly fee charged to the Credit Builder Savings account if not enrolled in eStatements. Improved credit score is not guaranteed. Credit score is determined by credit reporting agencies based on multiple factors, but satisfactory performance on a credit card product can improve your credit score. Default on a credit card, including missed or late payments can damage your credit score. Once added, funds cannot be withdrawn from the Credit Builder Savings account and the Credit Builder Credit card without closing the Savings account and the Credit card.