Rate Marketplace VA Loans Review

#2 in VA Loans

RateMarketplace is a company that specializes in Home Mortgage, Auto Insurance, Mortgage Refinance, and Refinance with Cash Out. Consumers are allowed to get up to 5 quotes from different lenders without any obligation. Users can also compare and find the best VA loans from a large network of lending companies provided by RateMarketplace.

Services and Features

RateMarketplace lets consumers find the lender that can provide the rate and loan term which suits their situation. The platform allows users to get up to 5 quotes from different lenders by simply filling out their online form. Rates offered by RateMarketplace are offered in real-time to prevent confusion on the part of the borrower. A variety of helpful guides are also available on their website to help customers make a decision.

Customers can view rates on RateMarketplace’s Today’s Mortgage Rates tab. On this page, users can see a list of rates from different lending companies for both refinance and home purchases. Some of the companies included in RateMarketplace’s network of lenders include HomePlus, Home Loan Enterprise, Sindeo, Quicken Loans, and PenFed. Take note the most lending companies base their VA loans on the applicant’s location and other factors.                             

Types of Home

Multi-Family

Single-Family

Townhouse

Condominium

Mortgage Options Offered

VA Loans

Fixed Rate Mortgage

Adjustable Rate Mortgage

FHA Loans

Jumbo Loans

HARP Loans

Mortgage Related Fees

Appraisal Fee

Varies on the lender

Origination Fee

Varies on the lender

Credit Report

Varies on the lender

Closing Fee

Varies on the lender

Private Mortgage Insurance

Varies on the lender

Inspection Fee

Varies on the lender

Qualifications

  • Need to get Certificate of Eligibility which confirms your military service
  • Current or former members of the military, including reservists and National Guard members are eligible
  • Surviving spouses may also be eligible under certain conditions
  • Must meet specific service requirements (Ranging from 90 days to 6 years depending on the veteran’s type of service)
  • Check with the Department of Veterans Affairs for complete eligibility requirements

*Qualifications based on PenFed VA mortgage loan

Rates

15-Year VA Fixed Loan

Rate

APR

2.500%

3.295%

2.625%

3.310%

2.750%

3.324%

*Rates displayed are both for home purchase and refinancing with no origination fee. Loan amounts are offered up to $417,000 and higher depending on VA County limits. PenFed also offers free 60-day rate lock to borrowers.

30-Year VA Fixed Loan

Rate

APR

3.125%

3.613%

3.250%

3.603%

3.375%

3.699%

*Rates displayed are both for home purchase and refinancing with no origination fee. Loan amounts are offered up to $417,000 and higher depending on VA County limits. PenFed also offers free 60-day rate lock to borrowers.

**All rates provided are based on PenFed’s VA mortgage loan and are subjected to change without prior notice.

VA Loans at RateMarketplace

RateMarketplace is a good place to find and compare VA loan rates from multiple lenders at once. Borrowers can get up to 5 quotes from different lenders with rates based in real-time so that customers can match their needs easily with the rates provided to them. There are also a number of helpful online resources available on their website to assist users in finding the best mortgage loan and lender.

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