Mortgage Rates for Veterans: How VA Loans Stack Up Against Conventional Financing

VA loan rates average 6.4% vs. 6.8% for conventional loans—plus no down payment or PMI. Here's what eligible veterans need to qualify and how much they can save.

VA loan rates average 6.4% vs. 6.8% for conventional loans—plus no down payment or PMI. Here's what eligible veterans need to qualify and how much they can save.