Are va loans lower in rate in general than conventional ?

YES - and here is why... Government loans (FHA, VA) USED TO BE Higher rates. But after the market crash, government loans now have lower rates. This is because Fannie Mae and Freddie Mac now have something known as a G-Fee (government fee) built into your interest rate that VA and FHA Loans don't have. It is sort of a hidden tax built into your mortgage rate. So FHA and VA loans didn't magically get lower, conventional loans got a lot higher with this hidden G-Fee tax. Bottom line, if you are a VET, take advantage of the most awesome loan out there, the VA Loan! In MN and WI, visit www.VA-IRRRL-Loan-MN.com

Hi yes they typically are and if you can do a VA loan I strongly urge you to call me Rob Oliveira Province Mortgage for more info 508 802 0935 plus they are 100% financing no PMI

As Rob stated VA loans are 100% financing with no PMI. And if you are a disabled Verteran they will waive a part if not all of the funding fee.

yes, good partial explanation from Joe - it is also about risk. Government guaranteed loans are considered lower risk and are a bit more profitable for lenders = lower rates. Generally 0.125-0.25 lower.

Yes, typically VA loans come with lower rates and fees. Plus you have the ability to purchase a home with no money down through a VA loan. We are located in San Diego - call us for a free quote on a VA purchase or refinance at 858-605-0952.

Yes, government rate are more competitive. Although, FHA has MIP and VA has the VA Funding fee. If you have 20% to put down you may want to consider Conventional financing. Be proactive and DO THE MATH on all three then make your decision. The real advantage with VA is there is no down payment required.

Yes.. since the collapse of Fannie Mae and Freddie Mac, they are now being run by the government, and the government added a fee (G-Fee) to conventional loan pricing.. because of this fee, the pricing is higher.. when it comes to loans in general, VA is the best lending program out there.. you're not required to have a large down payment, you don't have to pay monthly mortgage insurance, and you get some of the lowest rates available, and to top it off, the VA protects the veteran from paying absorbent loan costs and fees by limiting or excluding certain charges... .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Good info from those who have responded. I would add that the VA's funding fee can be waived if you have at least a 10% disability as deemed by the VA. If applicable be sure and tell your loan officer.

Government (FHA and VA) loans most often carry a lower rate however there is a VA Funding fee on VA loans that raises the effective rate. The best advice is to compare the costs and payments of available financing side by side. The big plus with VA financing is that it is 100% loan to value