VA Rate Guide Review - Mortgage Loan

Application & Approval Process
Rates & Fees
Payment Terms
Customer Support & Benefits

About VA Rate Guide

Owned by LeadPoint Inc, a modern lead marketplace, VA Rate Guide is an online comparison tool for veterans, certain military spouses, reservists and National Guard members. The company’s main focus remains on providing free service to help veterans or their family members get the best deal by matching them with a list of lenders willing to give out loans. The marketplace currently serves purchase and refinance type mortgages and requires an initial basic form to be completed. VA Rate Guide uses the form to assess the user’s requirements through a smart algorithm and provides all the available options for the applicant to choose from. It works as a comparison website saving veterans time, money and effort while searching for the right mortgage.  





  • Low credit score requirements
  • Specializing in VA loans
  • Discounts available for Veterans that have done past service
  • Easy online process


  • Not a direct or indirect lender
  • Limited customer service

Key Highlights

  • Minimum credit score varies across lenders.
  • Zero down payment.
  • Offers fixed and adjustable rates.
  • Offers purchase and refinance loans.
  • Best for Veterans looking for great deals and discounts.

Application & Approval Process


VA Rate Guide takes pride in its simple online application as it cuts down on the lengthy traditional mortgage process. It helps users in getting multiple quotes from applicable lenders just by completing a single form. The first step is filling out a basic application which contains 15 questions related to the property, loan and personal information such as name, email address and phone. It then requires a comprehensive review of the applicant’s credit score by diverting the user to a third-party website that conducts a soft pull on their credit. Do note that a soft pull does not have any impact on a user’s credit scores. 

Once that step is complete, the lenders will receive your profile and choose whether or not they want to offer you a loan, this process takes around 3 to 4 minutes. If you are applicable for a loan, you will receive an email from interested lenders describing the rates and loan terms they are willing to offer.

Do note that you must be at least 18 years old and have the legal authority to agree.


After you narrow down your mortgage hunt to a single preferred lender that suits your requirements, you can proceed further with your loan application. Please note that it is not compulsory to accept any offers from the loan providers. However, if you wish to proceed, you will be required to provide proof of your service in the military as the loans are specifically for veterans and their family members.
VA Rate Guide does not process any loans; hence you are required to complete the loan application with your preferred lender. Each lender has their own set of requirements, but these are mostly similar and will often need the following: 

Personal Information

  • Name
  • Phone number
  • Email address
  • Date of birth
  • Address
  • Marital status
  • Children status


  • Level of education

Housing information

  • Location of the property
  • Estimated purchase price
  • Estimated down payment


  • Employment type
  • Employer details


  • Gross annual income
  • Other sources of income
  • Available assets
  • Monthly non-mortgage debt payments


As your loan gets approved, a hard credit pull is conducted to assess your financial capacity, potentially affecting your credit score. The lender might need a property appraisal to assess its value as well as additional documents such as bank statements, employment letter, pay stubs, W-2s and more need to be submitted or uploaded to verify your financial position. Lastly, you need to sign off the paperwork to officially close your loan, thus ensuring the release of funds. 

Rates & Fees

VA Rate Guide does not charge any fees from the user; however, they get a shared percentage of commission for any loans closed through the online website. The service is completely free of any fees, although there are third-party fees that need to be paid, regardless of whichever lender you choose such as:

  • Appraisal fees
  • Home inspection fees
  • Document preparation fees
  • Title fees
  • State taxes
  • Application fees
  • Attorney’s fees
  • Prepaid interest
  • Assumption fees

There is also a one-time funding fee associated with VA loans that range between 1.4% to 3.6% and needs to be paid by the borrower. 

The rates that you receive vary across different lenders and are determined by your profile, credit score, type of loan, the area you reside in, and more. However, the mortgage rates change daily but expect to see APRs around 3.54% for a 30-year fixed VA mortgage (current market APR as of April 2020).

Payment Terms

Since VA Rate Guide is not a direct or indirect lender, the payment terms for loans differ across different lenders such as AmeriSave Mortgage that provides loan terms of 15 and 30 years. A typical mortgage term can go up to 30 years, however some companies offer 10, 15, 20- and 25-year terms. If you’re looking for a lower monthly payment, then we advise you to take out a loan with a longer payment term. However, if you’re in the market for a loan with a short period term, it will come with a higher monthly payment.

Customer Support & Benefits

You can reach out to VA Rate Guide through an online contact form which requires details such as your full name, contact number, email address and a detailed message addressing any issues, concerns, complaints or feedback. A customer service representative or an agent will reach out to you as soon as possible. Since VA Rate Guide will not be servicing your loan, it is important to conduct your research into the benefits and customer service provided by the lender you wish to opt for.

Contact Details




Related Reviews