Why does my retail bank charge points on a VA loan?
Retail banks set their own VA pricing, and 'points' may be how their pricing model lands on a given day. It's not a VA requirement — it's a pricing choice. A different lender or wholesale channel may have a no-point quote at the same rate.
What this actually means.
Pricing transparency varies. Some retail banks default to point-loaded pricing because their margins are built that way. Brokers in wholesale VA channels can often produce a quote at the same rate with zero points, or trade slightly higher rate for a lender credit. Compare full Loan Estimates side by side — note rate, APR, total points, and total cash to close.
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.