There are plenty of great reasons to take advantage of the VA home loan program. VA loan mortgage rates are just one of them. Because VA loans are backed by the government VA loan Guaranty, the rates are some of the lowest available. While you can shop around and do your research, you’ll be hard pressed to find a better interest rate than the ones available for VA home loans.
Low Veterans mortgage rates are only one of the benefits of a VA home loan. In addition to affordable rates, you won’t have to put the 20 percent down payment that is traditionally required of homebuyers. You also won’t need to pay for private mortgage insurance, or PMI. These perks make VA home loans one of the best deals around.