//Best VA Loan Rates for $400,000, $425,000, $450,000, $475,000, and $500,000 Mortgages

Best VA Loan Rates for $400,000, $425,000, $450,000, $475,000, and $500,000 Mortgages

One of the biggest American dreams is home ownership. 

We are going to review important factors you need to be aware of to realize that American dream. 

You can get the best VA loan rates for $400,000, $425,000, $450,000, $475,000 and $500,000 mortgages.  

The keys to your future home ownership include; understanding how your credit score will determine your APR rate, why higher APR rates make your monthly payments higher, and how the higher the monthly payment the less you can afford for a home. 

Best VA Loan Rates for $400,000, $425,000, $450,000, $475,000, and $500,000 Mortgages

The American Dream Is One Click Away

You want to buy a new home, you have reviewed VA Loan Eligibility and now you want to get a VA home loan. 

You know that you need to get the best VA loan rates and simply want to understand how to do that. 

So, here it is...the best VA loan rates are determined by credit score.

The best VA loan rates will go to the people with credit scores in the 750, 780 and 810 plus range. 

The higher your credit score will result in the lowest APR rates. 

The APR rate is the amount of interest you will pay on your VA home loan.

The lower the interest rate you qualify for, the lower your monthly payment will be. 

The lower your monthly payment, the larger amount that you will qualify for a VA mortgage. 

We will discuss how you can increase your credit score throughout this article. 

Best VA Loan Rates For A $400,000 To $420,000 Mortgage

As we look at VA home mortgage rates for $400,000, $410,000 and $420,000, notice the difference in the monthly payment amounts based on credit score. 

It is so important that you do everything you can to increase your credit score. 

If you are looking at a VA home loan for $400,000 and have a credit score of 620, 623 or 634, you will be paying the highest APR rates. 

The first step to possibly increasing your credit score to the next tier of 640, 645 or 650 is to review your credit reports. 

You can look at a free copy of your credit reports from the three credit reporting agencies by visiting AnnualCreditReport.com.

The Wendy Thompson lending team will help you review your credit score and dispute any discrepancies. 

  • $400,000
  • $410,000
  • $420,000

CREDIT score

APR

Mo. Payment

760 - 850

4.522 %

$2,032.00

700 - 759

4.744 %

$2,085.00

680 - 699

4.921 %

$2,128.00

660 - 679

5.135 %

$2,180.00

640 - 659

5.565 %

$2,288.00

620 - 639

6.111 %

$2,427.00

Mortgage rates change regularly, all APR rates and mortgage payment amounts are estimates and should not be construed as an offer. Check with the Wendy Thompson Lending Team to get your free quote today!

Best VA Loan Rates For A $425,000 To $445,000 Mortgage

As we have discussed, the best VA loan rates for $425,000, $435,000 or a $445,000 mortgage will be determined by your credit score. 

Take a look at the $425,000 mortgage...

If you have a credit score of 775, 800 or 825 you will have to pay an estimated mortgage payment of $2,2261.00 a month. 

But, look how much more you have to pay a month if you have a credit score of 620, 623 or 636. 

That's right, $439 more a month over the life of 30 years for the same $425,00 VA loan. 

A good tip to increase your credit score is to payoff any delinquent accounts. 

  • $425,000
  • $435,000
  • $445,000

CREDIT score

APR

Mo. Payment

760 - 850

4.522 %

$2,261.00

700 - 759

4.744 %

$2,320.00

680 - 699

4.921 %

$2,367.00

660 - 679

5.135 %

$2,426.00

640 - 659

5.565 %

$2,545.00

620 - 639

6.111 %

$2,700.00

Mortgage rates change regularly, all APR rates and mortgage payment amounts are estimates and should not be construed as an offer. Check with the Wendy Thompson Lending Team to get your free quote today!

Military Can Achieve The Dream of Home Ownership with VA Loan

Best VA Loan Rates For A $450,000 To $470,000 Mortgage

A VA home loan of $450,000, $460,000 or $470,000, can help you buy a very nice home. 

If you qualify for a $450,000 mortgage, you can see below that the possible mortgage payment range is almost $450 based on your credit score. 

Average credit scores in the 675, 680 or 690 range can sometimes be increased to credit scores of 700, 725 or 750 with quick and easy steps. 

The Wendy Thompson lending team will do a thorough review of your credit status and make recommendations for ways for you to increase your credit score, if possible. 

By paying off delinquent accounts or paying down your credit cards, you will increase your debt to income ratio which will help you qualify for higher VA loan amounts. 

  • $450,000
  • $460,000
  • $470,000

CREDIT score

APR

Mo. Payment

760 - 850

4.522 %

$2,286.00

700 - 759

4.744 %

$2,346.00

680 - 699

4.921 %

$2,394.00

660 - 679

5.135 %

$2,453.00

640 - 659

5.565 %

$2,573.00

620 - 639

6.111 %

$2,730.00

Mortgage rates change regularly, all APR rates and mortgage payment amounts are estimates and should not be construed as an offer. Check with the Wendy Thompson Lending Team to get your free quote today!

Best VA Loan Rates For A $475,000 To $500,000 Mortgage

Larger VA home loans like $475,000, $485,000 or $500,000, require a good debt to income ratio to qualify. 

Because a $475,000 mortgage is so large, a lower APR rate is going to save you a considerable amount of money in interest over the life of the 30 year loan. 

If you have a credit score of 775, 800 or 825, you will qualify for the best VA loan rates. 

However is you have a lower credit score, such as, 625, 650 or 675, you are going to pay hundreds of dollars more per month for a $500,000 mortgage.  

The Wendy Thompson lending team will work hard to try to help you increase your credit score to keep that monthly payment amount at its absolute lowest. 

  • $475,000
  • $485,000
  • $500,000

CREDIT score

APR

Mo. Payment

760 - 850

4.522 %

$2,540.00

700 - 759

4.744 %

$2,606.00

680 - 699

4.921 %

$2,660.00

660 - 679

5.135 %

$2,726.00

640 - 659

5.565 %

$2,859.00

620 - 639

6.111 %

$3,033.00

Mortgage rates change regularly, all APR rates and mortgage payment amounts are estimates and should not be construed as an offer. Check with the Wendy Thompson Lending Team to get your free quote today!

approval is easy with our "tactical va loan blueprint"

If you’re a current or retired military member looking to buy a home and choose to take advantage of the VA Loan program, you may be wondering the best mortgage company to go with. 

Be very careful here as any mortgage company can offer a VA loan, but few of them specialize in VA loans, and there are a lot of ways lenders can screw up your dream of owning a home. 

The Wendy Thompson Lending Team is one of the top ranked VA Loan and Mortgage specialist working with active military and veterans in all of the 50 States. 

Unique only to the Wendy Thompson Lending Team is our easy 3 step plan: 

The Tactical VA Loan Blueprint

Deciding on the right VA lender is the most important decision you will make. Choosing the wrong lender can result in you losing your dream home or costing you hundreds of thousands of dollars in more interest over the life of your mortgage.  

Don’t make that mistake, contact the Wendy Thompson Lending Team today!  

You can start the process by clicking the yellow 'See if I'm Eligible' button on the right side bar under the 'Start your quote for VA Home Loan'  or call Wendy’s Team directly at (901) 250-2294, to get started on living the American Dream in the home of your Dreams! 

2019-01-28T21:01:33+00:00By |VA|Comments Off on Best VA Loan Rates for $400,000, $425,000, $450,000, $475,000, and $500,000 Mortgages

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Memphis, TN 38120
(901) 461-8858