How does a VA 30-year fixed mortgage compare to the other loan terms?

A 30-year fixed mortgage offers lower monthly payments compared to a VA loan with shorter loan terms, though you will pay more interest over time.

What are the benefits of a VA loan versus conventional loans?

VA loans typically offer 0% down payment requirements, no private mortgage insurance (PMI), and lower interest rates than conventional loans. They also have more flexible credit requirements and limited closing costs.

What would the monthly payment be on a fixed-rate $300,000 mortgage for 30 years?

The monthly payment on a $300,000 mortgage over 30 years depends on the interest rate. At a 6.50% APR fixed interest rate, for example, your monthly principal and interest payment would be about $1,896. Taxes, insurance, and fees may add to your total monthly cost.

Is a VA 30-year fixed loan a good idea for first-time homebuyers?

Yes, a VA 30-year fixed loan can be an excellent option for first-time homebuyers who are eligible. It offers no down payment requirement, no private mortgage insurance (PMI), and very competitive interest rates—all of which help reduce both up-front and ongoing costs.

What are the different types of VA loans?

The main types of VA loans include: VA purchase loans (to buy a home), VA cash-out refinance (to tap into home equity), and VA IRRRL (Interest Rate Reduction Refinance Loan).

What is a 30-year fixed VA loan?

A 30-year fixed VA loan is a government-backed mortgage that offers a fixed interest rate for 30 years.

How does a VA 30-year fixed mortgage work?

A VA 30-year fixed mortgage is a long-term loan backed by the U.S. Department of Veterans Affairs. It offers a fixed interest rate and monthly payment for the full 30-year term.

Does SoFi offer a VA 30-year fixed-rate mortgage?

Yes, SoFi offers VA 30-year fixed mortgages for qualified borrowers.

Current VA 30-Year Fixed Mortgage Rate Today

^†To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Terms and conditions apply. Before you apply for a SoFi Mortgage, please note that not all products are offered in all states, and all loans are subject to eligibility restrictions and limitations, including requirements related to loan applicant’s credit, income, property, and loan amount. Minimum loan amount is $75,000. Lowest rates are reserved for the most creditworthy borrowers. Products, rates, benefits, terms, and conditions are subject to change without notice. Learn more at SoFi.com/eligibility-criteria. Information current as of 7/24/25.

SoFi Mortgages originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org). Equal Housing Lender.

¹VA loans: Veterans, Servicemembers, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.

²FHA loans: FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency. HL25-2622950

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