VA Loan Rates Today (May 2026) — All 50 States | State Loan Rates
VA Loan Rates — All 50 States (May 2026)
Last updated: May 21, 2026 · Rates updated daily
The national average VA 30-year fixed rate is currently 6.10% APR — the lowest rate of any major loan type. VA loans are available to eligible veterans, active-duty service members, and surviving spouses. They require no down payment, no private mortgage insurance, and offer the most competitive rates available.
VA 30-yr avg
6.10%
National APR
vs Conventional
0.48% lower
Rate advantage
Down payment
$0
None required
PMI/MIP
None
No mortgage insurance
VA funding fee
1.25–3.3%
Waived for disabled vets
VA loan benefit: A veteran buying a $400,000 home with a VA loan saves ~$80,000 in down payment, pays no monthly PMI (~$150/mo savings), and gets a lower rate. The total financial benefit of a VA loan vs conventional can exceed $100,000 for an eligible borrower.
VA Loan Rates — All 50 States
Click any state to see detailed rate comparisons and local market information.
VA loans are guaranteed by the US Department of Veterans Affairs and represent one of the most powerful financial benefits available to military veterans. The combination of no down payment, no PMI, and competitive rates is unmatched by any other loan product.
VA loans do require a one-time VA funding fee, ranging from 1.25% to 3.3% depending on your down payment and whether it’s your first VA loan use. Veterans with service-connected disabilities of 10%+ are exempt from the funding fee.
VA loan eligibility requirements
To qualify: generally 90 consecutive days of active duty (wartime), 181 days (peacetime), 6 years in the National Guard or Reserves, or surviving spouse of a service member who died in the line of duty. You’ll need a Certificate of Eligibility (COE) — your lender can usually obtain this on your behalf.
As of May 2026, the national average VA 30-year fixed rate is approximately 6.10% APR — about 0.48% lower than conventional. VA rates are typically the lowest available because the VA guarantee eliminates lender risk.
Who qualifies for a VA loan?
Eligible veterans, active-duty service members, National Guard and Reserve members with qualifying service, and surviving spouses. Service requirements: 90+ days active duty (wartime), 181+ days (peacetime), or 6 years Guard/Reserves.
Do VA loans require a down payment?
No — VA loans allow 100% financing. This is one of the most significant benefits of the program. Making a 5–10% down payment reduces your VA funding fee.
What is the VA funding fee?
A one-time fee of 2.15% for a first VA loan with no down payment, or 1.25% with 10%+ down. Can be rolled into the loan. Veterans with 10%+ service-connected disability ratings are fully exempt.
Disclaimer: Rates shown are for informational purposes only. State Loan Rates is not a lender or broker. Always verify rates with lenders. Full disclaimer
