30 Year Fixed VA Loan Rates in Greater Chicago
Veterans can enjoy $0 down and no monthly mortgage insurance with a VA Loan. Contact us today to get started.
|30 Year Fixed VA||4.550 %||4.803 %||0
|30 Year Fixed VA||4.300 %||4.614 %||1
|30 Year Fixed VA||4.050 %||4.466 %||2
Mortgage rates change daily based on the market. Rates last updated: 9:38 (Central) on 2/20/2018.
What is the Interest Rate vs. the APR?
The interest rate is the cost of borrowing the principal loan amount. The APR is the annual cost of a loan including any fees. Thus, the APR is higher than the interest rate.
What is a Discount Point?
Discount points are prepaid interest on a mortgage loan. The more points you pay, the lower the interest rate on the loan. Each point is equal to 1% of the loan amount, and points may be tax-deductible.
Why Pay Discount Points?
Whether or not you should pay points depends on how much money you have to put down at closing and how long you plan to stay in the house. If you're planning to stay in the home for a while, a reduced interest rate makes sense. If you need the lowest possible closing costs, however, a zero-point option is best for you.
Disclaimer: All fields are required. By clicking "Submit", you agree that United Home Loans, Inc. (UHL) may contact you at the telephone number or email address you have provided above for purposes of fulfilling this inquiry about mortgage financing, even if you previously registered on a Do Not Call registry. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Rates and fees you received are based on the information you provided. Initial quotes through the Bankrate, Zillow or any other website are not binding Loan Estimates because the lender is not able to verify your identity or credit history. Your final quote, rates, and fees may differ when you close with United Home Loans.