10 VA Mortgage Rates Comparison List By Lender (May 2026)
Even a quarter-point difference in your VA loan rate can mean tens of thousands of dollars over the life of your mortgage. That's why doing a proper va mortgage rates comparison before you commit to a lender isn't optional, it's one of the smartest financial moves you can make. With rates shifting week to week in May 2026, knowing where each lender stands gives you real negotiating power.
As a mortgage broker with over 25 years of experience and more than $150 million funded, I've helped countless veterans and active-duty service members lock in rates that actually made sense for their situation. At David Roa, VA loans are one of our core offerings, and I can tell you firsthand: the spread between lenders is wider than most borrowers realize. Shopping around isn't just a suggestion, it's where the savings are.
Below, you'll find 10 lenders side by side with their current VA mortgage rates for both 15-year and 30-year fixed terms. I've broken down the numbers so you can quickly spot who's competitive and who's not, no fluff, just the data you need to make a confident decision on your next home purchase or refinance.
1. David Roa Mortgage Broker
As a broker, my key advantage is that I work with multiple wholesale lenders simultaneously, which means your rate options aren't limited to one institution's product menu. When you come to me for a VA loan, I pull quotes from several wholesale lenders, stack them side by side, and present the best combination of rate, fees, and terms for your specific financial situation.
How David compares VA rates across lenders
Most retail lenders show you one rate: theirs. Working with a broker gives you access to a wholesale network where multiple lenders compete for your loan. I submit your file to several VA-approved wholesale lenders at once, compare the loan estimates, and identify which combination of rate and closing costs makes the most financial sense based on your timeline, credit profile, and whether you've used your VA entitlement before.
That process is what makes a real va mortgage rates comparison possible. You're not comparing marketing pages; you're comparing actual loan estimates written for your exact scenario.
Shopping your VA loan through a broker means lenders compete for your business, not the other way around.
Where David's VA rates typically land in May 2026
In May 2026, the VA loans I'm closing through wholesale channels are landing at competitive rates relative to the broader market. 30-year fixed VA rates are currently running between 6.25% and 6.75% depending on credit score, loan amount, and whether you buy down the rate with points. 15-year fixed options are coming in lower, typically in the 5.875% to 6.25% range for well-qualified borrowers with strong credit profiles.
Fees, points, and rate lock details to confirm
VA loans carry no PMI, but the VA funding fee still applies unless you hold a service-connected disability rating. Every cost line on your Loan Estimate gets reviewed so you know exactly what you're paying before anything is signed. Rate locks are typically available at 30, 45, or 60 days, with float-down options depending on the wholesale lender selected for your file.
Best fit borrowers and scenarios
This setup works best when your situation carries any complexity: first-time VA loan users, borrowers with mid-range credit scores, veterans managing a simultaneous home sale, or anyone who wants multiple competing quotes without filling out five separate applications. The more moving pieces in your file, the more value a broker brings to your closing table.
2. Navy Federal Credit Union
Navy Federal is the largest credit union in the country and one of the most recognized names in VA lending. They serve active-duty military, veterans, Department of Defense civilians, and their family members, which gives them a tight focus on the borrower types VA loans are built for. However, membership is required before you can access their mortgage products.
Where Navy Federal's VA rates typically land in May 2026
Navy Federal's VA rates are generally competitive with the retail market. In May 2026, their 30-year fixed VA rates are typically falling in the 6.375% to 6.875% range, depending on your credit score and loan amount. Their 15-year fixed rates tend to run slightly lower, usually landing around 5.99% to 6.375% for well-qualified members.
Rates posted on their website reflect general market conditions and may differ from what you'll see on an actual loan estimate.
Fees, points, and membership requirements
Navy Federal does not charge a lender origination fee on VA loans, which can reduce your upfront closing costs. You will still be responsible for the VA funding fee unless you have a qualifying disability rating. Membership requires a qualifying military connection, and you'll need to establish your account before applying for a mortgage.
Best fit borrowers and scenarios
Navy Federal works well for borrowers who are already members or have a straightforward military connection that qualifies them quickly. They are a strong fit for active-duty service members who want a dedicated VA lender with streamlined processes.
What to ask before you lock
Ask for a full Loan Estimate that breaks out the APR, not just the rate. Confirm the rate lock period available for your purchase or refinance timeline before you commit.
3. USAA
USAA has built its entire product suite around military families and veterans, which means their VA loan process is designed specifically for the borrowers who use it most. Membership is required, and eligibility is limited to active-duty service members, veterans, and qualifying family members, so confirm you qualify before requesting any rate quotes.
Where USAA's VA rates typically land in May 2026
In May 2026, USAA's 30-year fixed VA rates are generally landing in the 6.375% to 6.875% range for well-qualified borrowers. Their 15-year fixed VA rates tend to come in between 6.00% and 6.375%, with your actual rate depending on credit score, loan size, and whether you use points to buy down the rate.
Running a thorough va mortgage rates comparison means pulling a Loan Estimate from USAA directly, not relying on their posted rate online.
Fees, points, and rate lock details to confirm
USAA charges a standard origination fee on most VA loans, and the VA funding fee still applies unless you carry a qualifying disability rating. Ask specifically about discount points if the advertised rate looks lower than the broader market, since points increase your upfront costs without always improving your long-term position.
Confirm the rate lock period available before you proceed, particularly if your purchase timeline extends past 45 days.
Best fit borrowers and scenarios
USAA is a strong fit for existing members who want to consolidate their financial accounts in one place. Borrowers with straightforward W-2 income and clean credit histories tend to move through their process efficiently.
What to ask before you commit
Request a full Loan Estimate that itemizes every fee, and ask directly whether your disability rating qualifies you for a funding fee exemption before finalizing your application.
4. Veterans United
Veterans United is the largest VA-purchase lender in the country by volume, which means they process a high number of VA loans every year. That scale gives them familiarity with VA guidelines, but volume alone doesn't guarantee you're getting the most competitive rate. Treat them as one data point in your broader va mortgage rates comparison before you commit.
Where Veterans United's VA rates typically land in May 2026
In May 2026, Veterans United's 30-year fixed VA rates are generally landing in the 6.375% to 6.875% range for qualified borrowers. Their 15-year fixed options typically run between 6.00% and 6.375%, depending on your credit score and the loan amount you're requesting.
A lower posted rate often comes with discount points attached, so always confirm the full cost breakdown before comparing numbers.
Fees, points, and how they structure offers
Veterans United tends to structure rate offers around bundled packages that can include discount points. A rate that looks attractive upfront may carry points built into the closing costs, which increases your total cash to close. Ask them to show you both the par rate and the rate with points so you can compare the true cost accurately.
Best fit borrowers and scenarios
They work well for first-time VA loan users who want strong educational support throughout the process. Borrowers with straightforward purchase transactions and clean credit histories tend to close efficiently through their system.
What to ask for on your loan estimate
Request your official Loan Estimate on day one and confirm whether any discount points are factored into the quoted rate. Also verify the rate lock period and whether a float-down option is available if rates move before your closing date.
5. PenFed Credit Union
PenFed, or Pentagon Federal Credit Union, is one of the few credit unions with a national footprint and a dedicated focus on military-connected borrowers. Membership is open to anyone willing to open a savings account, which makes them more accessible than USAA or Navy Federal for borrowers who don't have a direct military affiliation. Still, include them as one data point in your va mortgage rates comparison rather than treating any single offer as the final word.
Where PenFed's VA rates typically land in May 2026
PenFed's 30-year fixed VA rates are generally landing in the 6.375% to 6.875% range in May 2026 for qualified borrowers. Their 15-year fixed options tend to run between 5.99% and 6.375%, with your actual number depending on your credit score, down payment strategy, and whether points are factored into the quote.
Always request a full Loan Estimate from PenFed before comparing their rate against any other lender.
Fees, points, and membership requirements
PenFed requires you to open a savings account to establish membership before accessing their mortgage products. Their origination fees are generally modest, but confirm whether discount points are built into any advertised rate, since that affects your true upfront cost.
Best fit borrowers and scenarios
PenFed suits borrowers who want a credit union experience without a strict military service requirement. They work well for veterans with strong credit and clean purchase transactions.
What to confirm about timelines and conditions
Ask about their standard closing timeline and confirm whether your specific rate lock period covers your full purchase window before submitting your application.
6. PennyMac
PennyMac is a national direct lender that handles a significant volume of VA loans each year. They operate online, which keeps their overhead low and can translate to competitive pricing in some scenarios. That said, low overhead doesn't automatically mean the best rate, so include them in your va mortgage rates comparison alongside every other lender on this list.
Where PennyMac's VA rates typically land in May 2026
In May 2026, PennyMac's 30-year fixed VA rates are generally landing in the 6.375% to 6.875% range for qualified borrowers. Their 15-year fixed VA rates typically run between 6.00% and 6.375%, with your exact number depending on your credit score and loan amount.
Always request a written Loan Estimate from PennyMac before treating any posted rate as final.
Fees, points, and lender credits to compare
PennyMac sometimes structures offers with lender credits that reduce your upfront closing costs in exchange for a slightly higher rate. This can work in your favor if you plan to sell or refinance within a few years, but it raises your long-term interest cost if you stay in the home. Confirm whether any quoted rate includes points or credits before comparing it to other lenders.
Best fit borrowers and scenarios
PennyMac suits borrowers who are comfortable with a fully online process and have straightforward purchase or refinance scenarios without complex income documentation.
What to ask for to avoid surprise costs
Request a full itemized Loan Estimate on day one and ask specifically whether your quoted rate carries any discount points or lender credits built into the offer.
7. Alliant Credit Union
Alliant is a Chicago-based online credit union that extends membership to virtually anyone in the United States, which removes one of the bigger barriers you'll hit with military-specific institutions. Their VA loan program is worth including in your va mortgage rates comparison, but go in knowing they serve a broad membership base rather than focusing exclusively on military borrowers.
Where Alliant's VA rates typically land in May 2026
In May 2026, Alliant's 30-year fixed VA rates are generally landing in the 6.375% to 6.875% range for qualified borrowers. Their 15-year fixed options tend to run between 6.00% and 6.375%, with your actual rate depending on your credit score and loan amount.
Always request a written Loan Estimate from Alliant before treating any quoted rate as a final number.
Fees, points, and membership requirements
Joining Alliant requires a one-time $5 membership deposit into a savings account, making them one of the most accessible credit unions on this list. Confirm whether any advertised rate includes discount points, since that changes your true upfront cost significantly.
Best fit borrowers and scenarios
Alliant suits borrowers who are comfortable with a fully digital process and want access to credit union pricing without a military service requirement. Their process works best for straightforward purchase transactions with W-2 income and clean credit.
What to confirm about underwriting and overlays
Ask directly whether Alliant applies any credit score overlays beyond standard VA guidelines, since some lenders set their own minimum thresholds above the VA's baseline requirements. Confirm your closing timeline before submitting your full application.
8. Mutual of Omaha Mortgage
Mutual of Omaha Mortgage is a national direct lender with a long history in insurance and financial products, and their mortgage division has built a steady presence in VA loan origination over the past several years. Including them in your va mortgage rates comparison is worth the extra step, but confirm their actual numbers before drawing any conclusions from their website.
Where Mutual of Omaha's VA rates typically land in May 2026
In May 2026, Mutual of Omaha's 30-year fixed VA rates are generally landing in the 6.375% to 6.875% range for qualified borrowers. Their 15-year fixed options typically run between 6.00% and 6.375%, with your exact number depending on your credit score and loan size.
Always request a written Loan Estimate before treating any quoted rate as final.
Fees, points, and how to compare APR vs rate
Mutual of Omaha sometimes advertises rates that look attractive at first glance, but the APR tells a more accurate story because it factors in fees, points, and other costs spread across your loan term. Ask them to show you the full fee breakdown alongside the rate so you're comparing apples to apples against every other lender on this list.
Best fit borrowers and scenarios
Mutual of Omaha works well for borrowers who want a traditional lender experience with dedicated loan officers and clear phone support throughout the process. They suit purchase transactions with standard income documentation and minimal complexity.
What to confirm about closing timelines
Ask for their average closing time on VA purchases and confirm whether your rate lock period covers your full contract timeline before submitting your application.
9. Tomo
Tomo is a digital mortgage lender built around speed and a technology-driven process. They've positioned themselves as a low-friction option for borrowers who want to move fast, but fast doesn't always mean cheapest. Add them to your va mortgage rates comparison and verify their actual numbers before drawing any conclusions.
Where Tomo's VA rates typically land in May 2026
In May 2026, Tomo's 30-year fixed VA rates are generally landing in the 6.375% to 6.875% range for qualified borrowers. Their 15-year fixed options typically run between 6.00% and 6.375%, with your exact number depending on your credit score and loan amount.
Always request a written Loan Estimate from Tomo before treating any quoted rate as a final number.
Fees, points, and what "low cost" can mean
Tomo markets itself around reduced closing costs, but that framing can mean different things on different loan estimates. A lender credit may offset costs upfront while raising your long-term interest expense. Ask them to show you the full fee breakdown and confirm whether any advertised rate carries discount points built in.
Best fit borrowers and scenarios
Tomo suits borrowers who are comfortable with a fully digital mortgage process and have straightforward purchase transactions with standard income documentation and strong credit profiles.
What to confirm about eligibility and documentation
Ask Tomo directly whether they apply any credit score overlays above the VA's standard minimum and confirm what documentation they require for your specific income type before you submit a full application.
10. Sage Home Loans
Sage Home Loans is a digital-first mortgage lender that has grown its VA loan presence by focusing on a streamlined, low-friction application process. They operate primarily online, which keeps their overhead lower than traditional brick-and-mortar lenders. Add them to your va mortgage rates comparison and pull an actual Loan Estimate before drawing any conclusions from their marketing materials.
Where Sage's VA rates typically land in May 2026
In May 2026, Sage's 30-year fixed VA rates are generally landing in the 6.375% to 6.875% range for qualified borrowers. Their 15-year fixed options typically run between 6.00% and 6.375%, with your exact number depending on your credit score, loan amount, and the specific pricing they're working with at the time you apply.
Always request a written Loan Estimate from Sage before treating any quoted rate as a final number.
Fees, points, and lender credits to compare
Sage sometimes structures offers with lender credits that offset closing costs in exchange for a slightly higher rate. Before you compare their number against other lenders, confirm whether any discount points are baked into the rate they quoted you, since that changes the true cost of the loan over your full repayment term.
Best fit borrowers and scenarios
Borrowers who are comfortable with a fully digital process and carry standard W-2 income documentation with clean credit profiles will move through Sage's system most efficiently. Their process works best for straightforward purchase or refinance transactions without complex income scenarios.
What to confirm before you sign disclosures
Ask Sage to show you a full itemized fee breakdown before signing anything. Confirm their rate lock period covers your full purchase timeline and verify whether they apply any credit score overlays above the VA's standard minimum requirements.
Next Steps
You now have 10 lenders laid out side by side, which gives you a real starting point for your va mortgage rates comparison instead of guessing based on a single offer. The most important move from here is requesting official Loan Estimates from at least two or three lenders on this list so you can compare actual numbers, not marketing pages.
Every borrower's situation is different. Your credit score, loan amount, and whether you hold a disability rating all affect what rate you'll actually qualify for, and a broker can pull competing wholesale quotes in one step rather than making you repeat your story five times. If you want multiple lenders competing for your loan without the extra legwork, connect with David Roa to get started. Over 25 years and $150 million funded, the right rate for your situation is the only goal.
