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The VA home loan rates are transferable. You demonstrate your positive points to lenders and request a lower interest rate. Lenders investigate a number of factors before issuing VA loans, such as a borrower's credit record, income levels, etc, which in turn influences the VA loan rates. The lender will also want to assure that you are capable of meeting the payments to cover the cost of a home, which includes credit payments, insurance, taxes, income levels, etc. Eligibility for a VA loan is not based on your credit score, but you pay the same low rate whether you are making a 5% down payment or no down payment at all.
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