VA Loan Rates in Texas
VA loan rates in Texas move with national mortgage rates, which put the average 30-year fixed at 7.03% in Freddie Mac's survey for the week ending September 24, 2026. VA loans often quote slightly below conventional rates for qualified veterans, with zero down and no monthly mortgage insurance. Your exact rate depends on credit, entitlement, and the lender.
By Aslam Mansoor, Mortgage Loan Originator, NMLS #184238. Aslam has served Texas veterans and their families for over 20 years. Meet Aslam.
Last updated: September 29, 2026. Reviewed for compliance: September 29, 2026, against current VA guidelines.
What are current VA loan rates in Texas?
There is no single VA rate, because the VA does not set rates; lenders do. What we can say precisely is the market context: Freddie Mac's Primary Mortgage Market Survey put the average 30-year fixed at 7.03% and the 15-year fixed at 6.42% for the week ending September 24, 2026. VA loans for well-qualified buyers have recently priced modestly below those conventional averages. Your quote is valid only when it is locked in writing.
Quick answer: a VA loan rate is the interest rate on a mortgage guaranteed by the Department of Veterans Affairs, which lets eligible veterans buy with zero down and no monthly mortgage insurance.
Why VA rates often run below conventional
The VA guaranty reduces the lender's risk on every loan, and that lower risk often shows up as a lower rate or better terms. How much better depends on your credit profile, the lender, and the day you lock. Rates are subject to change without notice, and the rate you see advertised may assume a credit profile stronger than yours.
What costs come with a VA loan rate?
The rate is only half the pricing picture. The other half is the VA funding fee, a one-time charge that keeps the program running without monthly mortgage insurance. For a first-time VA purchase with less than 5% down, the funding fee is 2.15% of the loan amount. It can be financed into the loan rather than paid in cash, and veterans receiving VA disability compensation are exempt. Your APR, which includes the funding fee and other costs, will be higher than the note rate.
7.03% — average 30-year fixed rate, week ending September 24, 2026 (Freddie Mac PMMS), the market VA loans are priced against.
0% — down payment required with full VA entitlement on a purchase.
2.15% — VA funding fee, first use, less than 5% down; exempt for eligible disabled veterans.
Worked example: $350,000 Texas home, zero down
Illustrative example, not a quote. Assumptions: full entitlement, 30-year fixed at the 7.03% survey average for the week ending September 24, 2026, funding fee of 2.15% financed into the loan, principal and interest only. Taxes and insurance not included.
- Purchase price: $350,000; down payment: $0
- Funding fee financed: $7,525; total loan: $357,525
- Principal and interest at 7.03%: about $2,386/month
- Compare: a 3% down conventional loan on the same home runs about $2,266/month before PMI, which VA never charges monthly
The VA loan costs more per month in this illustration because you financed the whole price. The trade-off is $0 out of pocket at closing versus roughly $10,500 down on the conventional loan, and no PMI ever.
What do I need to qualify for a VA loan rate?
Must have
- A Certificate of Eligibility (COE) confirming your entitlement, which we can pull for you
- Intent to occupy the home as your primary residence
- Income and a debt-to-income ratio that satisfies the lender and VA residual income guidelines
- A satisfactory VA appraisal on the property
May be required
- A minimum credit score set by the individual lender, since the VA itself sets no floor
- Residual income documentation for larger households or higher debt loads
- An existing VA loan to be paid off or restored entitlement if you have used your benefit before
How do I get a VA rate locked in Texas?
- Confirm your eligibility. We verify your service history and pull your Certificate of Eligibility, usually within minutes.
- Get pre-approved. Income, credit, and entitlement are reviewed so you know your real price range.
- Compare rate quotes. As a broker, we price your VA loan across multiple lenders; rates for the same borrower can vary by 0.25% or more.
- Lock your rate. Once you are under contract, lock in writing for a period that covers your closing date.
- Appraise and close. The VA appraisal protects you as well as the lender, and Texas closings typically run about 30 days from contract.
Why veterans work with Liberty Home Mortgage
VA pricing varies more between lenders than almost any other loan type, and a single-lender shop gives you one quote whether it is competitive or not. As a Dallas–Fort Worth broker, we compare multiple wholesale lenders for every VA file. You get the rate comparison in writing, and a local loan officer who picks up the phone. Call 972-466-2551.
Where we lend
Frequently asked questions
What are current VA loan rates in Texas?
VA rates follow the broader market, which put the average 30-year fixed at 7.03% in Freddie Mac's survey for the week ending September 24, 2026. VA loans for well-qualified veterans often price slightly below that conventional average. Your actual rate depends on your credit, entitlement, loan size, and the lender, and it only becomes real when you lock it in writing.
Are VA loan rates lower than conventional rates?
Often, yes. The VA guaranty lowers the lender's risk, and lenders frequently pass some of that benefit on as a lower rate, lower fees, or more flexible qualification. The gap changes with market conditions and with your credit profile, so the only reliable answer is a written quote. As a broker, we show you VA and conventional pricing side by side before you choose.
What is the VA funding fee and how much is it?
The funding fee is a one-time charge, set by the VA, that funds the loan program in place of monthly mortgage insurance. For a first purchase with less than 5% down it is 2.15% of the loan amount, and it drops for larger down payments or subsequent use. You can finance it into the loan. Veterans with service-connected disability compensation are exempt, and the exempt status can save thousands.
Do VA loans require a down payment or monthly PMI?
No to both, with full entitlement. Eligible veterans can buy with zero down, and VA loans never carry monthly mortgage insurance. The funding fee replaces PMI, and it is a one-time cost, not a monthly one. That combination is why the VA loan is usually the best-priced path to homeownership for those who qualify, even when the note rate looks similar to conventional.
Can I do a VA cash-out refinance in Texas?
Not on your primary residence. A cash-out refinance on a Texas homestead is a Section 50(a)(6) home equity loan, and those loans cannot carry a VA guaranty, so VA cash-out is not available on a Texas homestead. What is available is the VA IRRRL, a streamlined rate-and-term refinance that lowers the rate on an existing VA loan. For cash out on a homestead, Texas rules point you to conventional or portfolio financing.
What credit score do I need for a VA loan?
The VA sets no minimum credit score; individual lenders set their own overlays, and many look for a score around 620 or a file strong in other areas. Because we are a broker, a file that one lender declines can often be approved by another with different overlays. If your score needs work, tell us early; we can map a realistic timeline instead of wasting a hard inquiry.
Related resources
- VA loans — the full program guide for Texas veterans
- VA funding fee in Texas — the complete fee table and exemptions
- VA IRRRL streamline refinance — lowering your existing VA rate
- Mortgage rates today in Texas — the full market picture
- Get pre-approved in Texas — start your VA file in minutes
Want today's exact VA rate for your file?
Call 972-466-2551 or contact us online. We will pull your COE, price your loan across multiple VA lenders, and show you the zero-down math on your price range.
Liberty Home Mortgage is a Texas mortgage broker licensed by the Texas Department of Savings and Mortgage Lending, NMLS #321164. Equal Housing Lender. Liberty Home Mortgage, 4400 State Hwy 121 STE 300, Lewisville, TX 75056. Phone 972-466-2551.
All loans are subject to credit and property approval. Rates are subject to change without notice and are not a commitment to lend. VA loans are originated by approved lenders; the Department of Veterans Affairs does not originate loans or set interest rates. Figures on this page are survey averages or illustrative examples, not quotes. Your APR and payment will depend on your credit, entitlement, loan amount, and program.