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Best Loan Rates for VA Loans from $200,000 to $500,000

Veterans of our military who served our country deserve nothing but the best.

And that includes low mortgage interest rates. 

Fortunately, the Wendy Thompson Lending Team is a top-rated VA lender. We can get you the most competitive rates you’ll find anywhere.

We know what it takes to secure the best rates and terms for your VA home loan.

Best VA loan rates for $200,000 to $275,000 loans

Are you thinking of borrowing a VA loan between $200,000 and $275,000?

Many lenders say they can approve you for a VA home loan with a credit score as low as 640. But that doesn’t mean you’ll get the best interest rate.

Lower credit scores often mean higher interest rates…

And a higher interest rate can cost you big over the life of your VA loan. 

Let’s look at the difference in payment on a $220,000 loan for a borrower with a 640 credit score vs. a 700 credit score.

The borrower with a lower credit score could end up with a rate as much as 0.75% higher. 

Think that doesn’t add up to much?

Think again.

On a $220,000 loan with a 30-year repayment term, that 0.75% can save up to $100 per month. That’s a whopping $36,000 over the life of the loan.

Keep your credit score stable by paying bills on time, keeping your credit balances low and limiting the number of new credit lines you open.

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Best VA loan rates for $300,000 to $375,000 loans

The more money you borrow with a VA loan, the larger the impact a credit score has on your interest rate and monthly payment.

The difference between “good” and “very good” credit scores can be significant.

As we get into the $300,000 range for VA home loans, your potential for savings based on your interest rate grows.

Let’s look back at the example of a 0.75% interest rate difference.

If one lender offers you a 3.85% VA loan and another offers one at 3.15%, how much could you save with the lower interest rate?

It could add up to a savings of $120 a month just by shopping around for lenders and improving your credit score.

And $120 per month is over $43,000 back in your pocket over a 30-year term.

But what if you sell the home before your loan term ends?

You’ll still save $7,200 every five years that you’re in the home.

That shows the importance of checking your credit report and improving your credit score.

Even if you think you have a “very good” credit score, we still encourage you to look. After all, it’s free. You get free access to your credit report from AnnualCreditReport.com.

When you look at your report, check for factors that may affect your credit score:


Ready to get started?

Begin your application today!


Best VA loan rates for $400,000 to $500,000 loans

The more you borrow with a VA home loan, the more your interest rate could cost you.


That’s because 3.50% interest on a $420,000 home loan is significantly more than the interest you’d pay on a $220,000 home loan.

If you’re borrowing $400,000 to $500,000 with a VA loan, you want to get the lowest rate possible.

So what’s the secret to getting the best interest rates?

We recommend looking at your payment history.

That’s because one late payment can knock as much as 100 points off your credit score.

If a payment is more than 30 days past-due, you could be looking at a blemish on your credit report.

Letting a late payment go longer, such as 60 or 90 days, can hurt your credit even more.

Before you apply for a VA home loan, take a few minutes to go through your credit report, and check for late payments.

Let the Wendy Thompson Team lead you to the right VA loan

Finding the right home can be stressful, but finding the best VA interest rate doesn’t have to be.

Remember: not all lenders are created equal.

Here at the Wendy Thompson Team, we have the experience, knowledge and compassion to help veterans get the home loan they deserve.

Because we’re licensed in all 50 states, we can get you into your dream home no matter where life takes you.

We know the ins and outs of VA loans and how to get you the best rate for your situation.

If you’re wondering how much you might qualify for or what rate you might expect, we’re here to help.

Let us guide you to the best VA loan to get you and your family on the right track with one of the largest investments you’ll make in your lifetime – your home.

  • Late payments: A single late payment could stay on your credit report for up to seven years and cause a severe drop in your overall credit score.
  • Overextended credit: If you owe a substantial amount in debt, you may not be able to comfortably repay the loan amount, and lenders can consider you a high-risk borrower.
  • Identity theft: You might be a victim of identity theft if you don’t recognize some of the accounts on your credit report.
  • Mistakes: The Federal Trade Commission found that one in five Americans have an error on their credit report. 


The Tactical FHA 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 a 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!