Great question!
Although the Veteran’s Administration does regulate a lot of VA home loan program, like the appraisal, underwriting guidelines, and maximum loan amounts, they do not regulate interest rates. Depending on the type of lender, their fixed costs, and loan officer compensation, all will have a direct impact on their VA loan pricing.
Shopping for a local mortgage broker that’s a broker/owner typically will produce the lowest interest rates and fee to the VA buyer. Plus the process will move a lot faster as they can do a lot of the VA processing right up front. Like ordering the VA appraisal, opening up title and escrow, ordering your Certificate of Eligibility, and insurance binder.
