30 Year Fixed VA Loan Rates in Greater Chicago - Home Loan Experts with Great Mortgage Rates Serving Colorado, Florida, Illinois, Indiana, Michigan, Minnesota, Tennessee and Wisconsin

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 VA4.625 %4.880 %0
30 Year Fixed VA4.300 %4.624 %1
30 Year Fixed VA4.000 %4.393 %2
Mortgage rates change daily based on the market. Rates last updated: 10:10 (Central) on 4/20/2018.

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.

View United Home Loans Mortgage Rate Assumptions »

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