🏡 Daily Mortgage Rates LIVE – 11/17/2025 – VA Loans

On today’s Daily Mortgage Rates LIVE, we’re covering VA Loans — one of the best homebuying programs for veterans, active-duty service members, and eligible surviving spouses. Learn how VA financing offers 0% down, no PMI, competitive rates, and flexible guidelines, with eligibility including most military members and FICO scores as low as 500. We’ll explain how VA loans work, their benefits, and tips to maximize your homebuying or refinancing power.

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The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan program variations using alternative income documentation!

Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!

Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages...

Transcript

Welcome everyone. My name is Nick Hiersche . I'm the president. We are a lender, that offers all kinds of different programs. So obviously, all the conventional FHA VA, non specialties, we'll go over all of that here in a minute.

Today's topic is going to be a deep dive on our VA mortgage loan options. So I have three actual examples with an actual property so we can go over an actual use case, what our customers might be interested in. So let me go ahead and start as usual and, switch here. And usually, what we pull up here is the ten year treasury. That's typically the most easy to follow metric we can use to look at rates.

So you see here, over the last week, it's been set to decline, but today, some good news. We have declined there. And to put it all into the as I like to do, we are still basically at a one year low. So definitely great news for everybody out there shopping. This is a great time.

So now let's get into today's live rates. Let me go ahead and refresh the page just to make sure the latest rate. So this will have all our different options from all our different partners for a basic scenario, and the rates are just updated just after twelve noon eastern. So all of our partners live. And as you noticed, it actually just dropped a touch just when we so this will compare a standard example, single family home, a 500,000 purchase corresponds to 60% loan to value, seven sixty FICO score, 40% debt to income.

That way we can compare all the programs, side by side with the same exact so first up here, we always go over our conventional options, standard conventional for a primary home. But when you think of a mortgage loan, Fannie Mae Freddie Mac loans today is low as five point $8.07 5. Finally, PR comes in five. And, well, typically, for most borrowers, compare that to an FHA option. FHA allows a little more leniency issues, a little bit higher overall debt to income ratio.

And FHA comes in today at 5.375 rate, and the final APR 6.26. The final APR is a little bit higher than conventional. That is because upfront in yearly mortgage insurance. So that's where you see the difference there even though the rate looks lower. So definitely always compare that.

And our topic for today and one of our favorite options are VA loans for eligible active service members and, surviving spouses in some cases as well. So our VA programs are amazing coming in today for our standard VA thirty year fixed at 5.49 rate. Final APR, 5.72. VA funding fee, but not the mortgage insurance that is required for FHA. So even though the rate is higher, you see the APR is actually much lower for our eligible vets and active service.

Definitely a great option. If you are eligible, always look at those VA options. And another option to compare, a standard option here, USDA for properties in US areas. It's typically the rural areas of the country. And for our borrowers that are eligible for those programs, these are pretty amazing as well.

Rates come in today 5.125. Final APR, 5.814. Fees included for USDA. And we'll typically compare that to FHA or conventional for borrowers that are eligible and shopping in those areas. So definitely always look at USDA if you are in those areas.

And some of our specialties here are non QM programs. So those allow us to use alternative documentation such as bank statements, ten ninety nines, P and L statements, etcetera. So these are for our self employed borrowers. And rates today coming in as low as five. Final APR, 6.145.

So we'll typically compare that to a conventional option for our self employed borrowers if they need to use alternative documentation. Almost the same exact cost here, same rate. The APR, the final cost is just a touch higher. So definitely a pretty borrowers out there that need to use those programs. And we can use our non QM multi programs for investment properties, of course.

And rates come in today as low as 6%. Finally, PR is six one. And we'll need to compare our conventional options for investment property. So conventional comes in today at a rate percent, final IQR 6.311. So conventional is just a touch cheaper than using alternative documentations for investment properties as well.

So example there for our self employed borrowers. Now our specialty here at the mortgage calculator, a DSCR stands for debt service covered ratio, one of our favorite loan programs because we don't employment or income information. We simply use the estimated rents from the rental property in this case, to determine a DSCR ratio. So if the rents can cover the expenses, that is a DSCR one, which is what we use for these examples. And our standard example always has a three year prepayment penalty, which is standard for these investor loans, and rates come in today as low as 6%.

IPR 6.284. So you see it's actually a touch cheaper than conventional even at the same rate, because we're able to add that three year prepayment penalty to lower some of the cost. Amazing option when our DSCR comes in lower than conventional. And we can add a five year prepayment penalty to improve the cost and the rate in this case. So rates for a five year prepayment penalty coming at five one eight seven five.

IVR, 6.157. So lower than the three year and conventional and alt doc. So and it's for DSCR. And I won't get into the other options today. Obviously, we have tons of other programs.

If you're ever interested, just go to our website. But I wanna get into our for today, which is going to be for our VA loans. I have three specific examples, to go over here. So, VA, obviously a great to use. And I chose a property.

So this property happens to be for sale by owner, so not the best picture. It's still a great property. Obviously, we still love to qualify about any type of property. Typically, they have it, but they don't have to. Right?

So this is a good example that I'm gonna use because, we're going to offer two purchase scenario as well as a refinance scenario. So in this consider, our purchase borrowers be eligible. And if this property is owned currently by the owner that's putting it for sale by maybe they could look to this option that we're about to propose. So first up for this actual scenario, for an actual home here in the area, our standard VA 100% to value, 0% down. So our eligible vets and active service members obviously get the great benefit of 100% loan to value, 0% down payment required.

And if you can get some realtor credits and such, you can even, keep all closing costs included. It's a pretty amazing program. Rates today come in as low as 5.35 and the, lowest cost option was actually a little bit of lender credit here coming in at 6.375 rate. So a couple different options here to either buy it down or actually take a little bit of credit to cover any of those same costs. And again, this is an actual scenario.

660,000 purchase price, 660,000 loan amount. You can see the property here, insurance estimate, etcetera. But also there is a VA funding fee that can't be financed, so the actual final loan amount is gonna end up a little higher than 100 l These VA options on this are borrower, disability, which does sometimes allow us to exclude the funding fee. So the option here is pretty amazing. We could actually purchase the same home.

As notice in this example, we use a $7.40 FICO, which is what we use for those demos. But in this example, I actually changed it. We were still able with some of our partners here, that wanna help out our VA borrowers, still allow 100% LTV for FICO as well as 500. I use in this scenario just to, be safe and still allow us to use the 100% benefit of VA for 0% down. Notice the rates are higher.

The option I could choose today was 6.5% rate for 2.276, discount points and cost. And, the lowest cost option here was 7.37 for a cost of point nine zero one. So, obviously, with the lower FICO, the rates and costs went up, but it's still amazing that we have options for our borrowers there. So you see here everything is standard and you see we did use the five twenty FICO score here. Now the final example again is if our borrower was actually the owner of this property and maybe instead of having to sell, they wanted to just get some cash out for whatever needs they may have.

And in that case, go up to 100% loan to value for our VA cash out, which is pretty amazing. Again, there are all, options that do allow us to push up to that. Our options, not all of them, but some. So this is pretty amazing here. And, again, we see a little bit of higher rates in call.

Obviously, if we're just doing a rate and term or IRRRL as they come for a program, much lower rates. But our typical request, is for a borrower that wants to get cash out and push it to the max, and this is the maximum amount. So 6% rate, cost of 2.655. And we have a 6.5 rate, a little bit lower cost, 2.405. But this is again an amazing option.

There are only a couple program allow us a couple, partners, I should say, that do allow us to go up to the 100%, which is pretty amazing. And you see here, we do have to stay under 100% total. So I did actually a 98. So that include the funding fee, actually 97%. So it include the funding fee.

But you get the point there. Once we get the final loan amount, we can go up to 100% of the value. So I could push it up another couple thousand if I wanted to, set the numbers up there. So pretty amazing options for our borrowers that are VA eligible. Definitely wanted to show the extremes there, the standard, and low FICO, and the extremely high cash out loan to value, which is still possible with our VA loans.

So that closes up the for today. Again, if you have any questions or wanna get your own loan scenario, please get with any of our team members. We have our 400 licensed loan officers. This is at 35 states. These VA loans that you just saw as well as loans and programs that you saw on our website.

So thanks everybody for joining us, and good luck out there. If you're house hunting, time to purchase. Have a great day.