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Mortgage rates for veterans and military families

We offer various VA and conventional loans to help you buy a new home or refinance your loan.

Our purchase rates

Learn more about our home purchase loans (view home purchase loan options).

Our purchase rates

Fixed-rate loan type

VA purchase loan‍ ‍

Interest rate‍ ‍

§%

APR‍ ‍

§%

Points

§

Fixed-rate loan type

VA jumbo purchase loan‍ ‍

Interest rate‍ ‍

§%

APR‍ ‍

§%

Points

§

Fixed-rate loan type

Conventional purchase loan‍ ‍

Interest rate‍ ‍

§%

APR‍ ‍

§%

Points

§

Fixed-rate loan type

Low down payment purchase loan‍ ‍,‍ ‍,‍ ‍

Interest rate‍ ‍

§%

APR‍ ‍

§%

Points

§

Our purchase rates

Learn more about our home purchase loans (view home purchase loan options).

Our purchase rates
Fixed-rate loan type Interest rate‍ ‍ APR‍ ‍ Points

VA purchase loan‍ ‍

§%

§%

§

VA jumbo purchase loan‍ ‍

§%

§%

§

Conventional purchase loan‍ ‍

§%

§%

§

Low down payment purchase loan‍ ‍,‍ ‍,‍ ‍

§%

§%

§

Learn more about our home purchase loans (view home purchase loan options).

Our purchase rates
Fixed-rate loan type

VA purchase loan‍ ‍
Interest rate‍ ‍

§%
APR‍ ‍

§%
Points

§
Fixed-rate loan type

VA jumbo purchase loan‍ ‍
Interest rate‍ ‍

§%
APR‍ ‍

§%
Points

§

Fixed-rate loan type

Conventional purchase loan‍ ‍
Interest rate‍ ‍

§%
APR‍ ‍

§%
Points

§
Fixed-rate loan type

Low down payment purchase loan‍ ‍,‍ ‍,‍ ‍
Interest rate‍ ‍

§%
APR‍ ‍

§%
Points

§

Get prequalified for a home loan.‍ ‍

Start a VA loan prequalification  online

Not a member? Join USAA

Our refinance rates

For VA Jumbo Interest Rate Reduction Refinance Loan (IRRRL) rates, call 800-531-0341.

Learn more about our mortgage refinance loans.

Our refinance rates

Loan Type

VA Interest Rate Reduction Refinance Loan, or IRRRL‍ ‍

Interest rate‍ ‍

§%

APR‍ ‍

§%

Points

§

Loan Type

VA cash-out refinance loan‍ ‍,‍ ‍

Interest rate‍ ‍

§%

APR‍ ‍

§%

Points

§ 

Loan Type

Conventional refinance loan‍ ‍

Interest rate‍ ‍

§%

APR‍ ‍

§%

Points

§

Loan Type

Conventional cash-out loan‍ ‍,‍ ‍

Interest rate‍ ‍

§%

APR‍ ‍

§%

Points

§

Our refinance rates

For VA Jumbo Interest Rate Reduction Refinance Loan (IRRRL) rates, call 800-531-0341.

Learn more about our mortgage refinance loans.

Our refinance rates
Loan Type Interest rate‍ ‍ APR‍ ‍ Points

VA Interest Rate Reduction Refinance Loan, or IRRRL‍ ‍

§%

§%

§

VA cash-out refinance loan‍ ‍,‍ ‍

§%

§%

§ 

Conventional refinance loan‍ ‍

§%

§%

§

Conventional cash-out loan‍ ‍,‍ ‍

§%

§%

§

For VA Jumbo Interest Rate Reduction Refinance Loan (IRRRL) rates, call 800-531-0341.

Learn more about our mortgage refinance loans.

Our refinance rates
Loan Type

VA Interest Rate Reduction Refinance Loan, or IRRRL‍ ‍
Interest rate‍ ‍

§%
APR‍ ‍

§%
Points

§
Loan Type

VA cash-out refinance loan‍ ‍,‍ ‍
Interest rate‍ ‍

§%
APR‍ ‍

§%
Points

§ 
Loan Type

Conventional refinance loan‍ ‍
Interest rate‍ ‍

§%
APR‍ ‍

§%
Points

§
Loan Type

Conventional cash-out loan‍ ‍,‍ ‍
Interest rate‍ ‍

§%
APR‍ ‍

§%
Points

§

Have questions or need to refinance?

For help, questions or to find out what you may qualify for, give us a call.

Call 800-531-0341

For TTY devices, dial 711

Hours of operation for USAA Bank loan officers

Monday to Friday
7 a.m. to 8 p.m. CT
Saturday and Sunday
Closed

Note: Days and times may vary

Find a payment that works for you.

Use our calculator to find a monthly payment that may work for you and your budget.

Go to the  mortgage calculator

Why choose us

A top VA home loan lender‍ ‍

USAA Bank is a top VA loan lender year after year.

20+ years of experience

USAA Bank has more than 20 years of experience with VA home loans.

Over century of service

We’ve served the military since our founding in 1922.

Looking for a real estate agent?

USAA Agent Connection,‍ ‍ powered by HomeStory®, connects you with highly rated local agents to help you buy or sell a home.

Plus, you may be eligible to save up to $9,500 at closing.‍ ‍

Explore USAA Agent Connection

Mortgage rates FAQ

Interest is the amount you pay each year to borrow money. The annual percentage rate, or APR, reflects both the interest rate and other costs like fees and points.

You can buy points to lower your interest rate or get a higher rate and receive a lender credit on closing costs for your mortgage. Each point costs 1% of the loan amount.

Yes. In general, the higher your credit score, the better the interest rates you may qualify for.

A mortgage rate lock is an agreement between you and USAA Bank to secure the interest rate on your mortgage for a specified period. This protects you from any changes in interest rates, while you’re working to close on your loan.

To lock in your loan, it’s always best to speak to your loan officer to discuss your options.

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Let us help with your home loan.

Start a  loan prequalification  online

Not a member? Join USAA

Related footnotes:

  1. The advertised rates and points are subject to change without notice at any time and are not available to every borrower. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on our internal credit criteria and your individual circumstances, including your credit history, loan amount, property location, mortgage loan term, and down payment. Other rates, points, and terms may be available. Property insurance is, and flood insurance may be, required. All loans are subject to credit and property approval.

  2. APR (Annual Percentage Rate) is a rate used to calculate your cost of borrowing in a year. Unlike interest rates, APR factors in the amount borrowed, the interest rate, points, one-time fees, and discounts to determine a more accurate yearly cost. The standardized APR formula is used to make it easier for consumers to compare rates at different businesses.

  3. VA loans may include a funding fee, which may be financed up to the maximum allowed loan amount.

  4. USAA Federal Savings Bank does not currently offer Conventional mortgage loans in the state of Hawaii.

  5. First-time homebuyer means someone who has not owned a home in the past three years.

  6. If all occupying borrowers have not owned a home in the past three years and plan to apply for a USAA Federal Savings Bank, 30-Year Conventional Loan with less than a 5% down payment, at least one borrower on the mortgage loan will need to complete a free homebuyer education course online before closing.

  7. Our prequalification is not a commitment to lend. Information used to issue the prequalification will require verification during the application process.

  8. USAA Federal Savings Bank does not offer a cash out refinance product in the state of Texas.

  9. In the last 10 years, USAA Federal Savings Bank has consistently originated in the top 14 lenders for total originated VA loans and VA loan volume. Source: Department of Veterans Affairs Lender Statistics(Opens new window).

  10. USAA Federal Saving Bank (USAA Bank) is offering the service, USAA Agent Connection, with HomeStory Real Estate Services, Inc (HomeStory), a licensed real estate broker, to help members buy or sell a home.

    HomeStory is not affiliated with USAA Bank. USAA Bank is not responsible for the services or commission credit program provided by HomeStory. Obtaining a mortgage from USAA Bank is optional and not required to participate in the service offered by HomeStory. You may arrange for financing with any lender.

  11. To qualify for the commission credit, you must use a real estate agent who participates in HomeStory’s Real Estate Services Inc (HomeStory) broker-to-broker agreement to complete your real estate purchase and/or sale transaction. You have the right to negotiate the terms of your buyer and/or seller representation agreements. Once your transaction closes successfully, your real estate agent pays a referral fee to HomeStory. All participating agents have been vetted by HomeStory to ensure they meet specific performance expectations based on customer satisfaction ratings and prior experience.

    If you are already working with a real estate agent, please disregard this notice.

    Eligibility and Exclusions:

    To be eligible for the commission credit, your real estate transaction must be completed with a participating HomeStory agent. Short sales, employer-sponsored relocations or any transaction where the real estate agent does not receive a commission are excluded.

    State-Specific Commission Credit Information:

    Commission credit availability, type, and amount may vary based on state regulations. No commission credit is available in the states of Alaska, Iowa, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, Kansas and Tennessee.
    A reduced agent commission may be available for sellers and should be discussed with the agent upon enrollment.
    Commission credit amounts are based on the price of the home purchased and/or sold and cannot exceed $9,500 per transaction.

    Commission Credit Issuance and Enrollment:

    Your enrollment is valid for 18 months from the date of enrollment. If 18 months pass without completing a transaction, you must re-enroll to remain eligible for any commission credits. Any commission credit that you earn does not expire.
    Commission credit eligibility, type, and amount is subject to change at any time, with or without prior notice. This includes, but is not limited to, changes required to comply with federal, state, or local laws and regulations. Any modifications to the service will apply to all enrollments and transactions that have not yet closed as of the effective date of the change. USAA Federal Savings Bank (USAA Bank) is not responsible for commission credit issuance.
    USAA Bank (Lender NMLS 401058) does not perform any activity that is or could be construed as unlicensed real estate activity, and USAA Bank is not licensed as a real estate broker. Employees of USAA Bank are not authorized to perform real estate activity.

Related footnotes:

  1. Use of the term "member" or "membership" refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change. To join USAA, separated military personnel must have received a discharge type of Honorable or General Under Honorable Conditions. Eligible family members may also join USAA.

  2. Members must meet all VA eligibility requirements when applying for a VA loan. Speak with a USAA Federal Savings Bank Loan Officer to review current VA eligibility requirements.

  3. VA IRRRL: All VA rules, guidelines and additional program requirements will apply. Except as provided by applicable VA guidelines, the same parties obligated on the original loan must be the parties on the title and obligated on the new loan. Proceeds from the new loan will only be used toward payment of the original loan amount. No cash back can be received from the new loan. Payment of discount points, taxes, insurance and HOA fees are the responsibility of the borrower. Other exclusions apply. Refinancing either to lower the monthly payment or change from a variable-rate to a fixed-rate loan could result in an increase in the total number of monthly payments and interest charges paid over the full term of the new loan.

  4. A home loan refinance may be useful for many customers who want to lower their monthly debt payments. However, a refinance is secured by your home, has closing costs and may ultimately require paying more in interest over time.

  5. USAA Federal Savings Bank offers mortgage products to members where the property is located within the Continental United States, Alaska, Hawaii, and the District of Columbia. Excludes properties within U.S. Territories. In certain states, product restrictions may apply.

  6. The trademarks, logos and names of other companies, products and services are the property of their respective owners.

  7. Home loans subject to credit and property approval.

  8. "USAA Bank" means USAA Federal Savings Bank.

  9. Bank products offered by USAA Federal Savings Bank.

  10. USAA is an Equal Housing Lender

  11. USAA Federal Savings Bank NMLS 401058

6028938