Should I pay points on a VA loan?
It depends on the actual price and how long you expect to keep the mortgage. A point equals 1% of the loan amount, but the rate change purchased by that point varies by lender and market. Compare the cost with the monthly savings and expected exit date.
What this actually means.
Use same-day VA options from the same lender or Loan Estimate: one with points, one near zero points and one with a lender credit when available. Divide the additional upfront cost by the monthly principal-and-interest savings for a simple recovery estimate, then compare the projected balance and total cost through the month you may sell or refinance. The funding fee and any lender credit belong in the complete decision; do not assume one point always buys a quarter-point rate reduction.
Where this can move.
Credit score, loan amount, LTV, points, lender credits, lock timing, and market movement can change the rate quoted. The funding fee adds to APR.
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More VA questions on Rates.
Educational only. VA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with the VA, HUD, or any government agency.