source:
  type: guide
  id: va-m26-7-ch03-t06
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 6 — Interest
    Rates
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 6 — Interest
    Rates.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch03-t06-full
  canonical_id: va-m26-7-ch03-t06-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 6 — Interest Rates
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 6 — Interest
      Rates
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: 73e5d344e2743889
    fetched_at: '2026-05-23T01:53:52Z'
    content_hash: sha256:b452379ce6dbdb528896ce1d9ac9ca8a9cf03b5fab6fa9af7766dc2dc17c2bbe
    paragraph_quote: '6. Interest Rates Change Date November 8, 2012, Change 21 •
      This section has been updated to make minor grammatical edits. a. Requirement
      VA no longer prescribes interest rates for VA-guaranteed loans. The interest
      rate is negotiated between the veteran-borrower and the lender to allow the
      veteran to obtain the best available rate. b. Changes to the Agreed Upon Interest
      Rate The lender and borrower are expected to honor any lock-in or other agreements
      they have entered into which impact the interest rate on the loan. VA does not
      object to changes in the agreed upon rate, as long as no lender/borrower agreements
      are violated. The following procedure applies in such cases. Any increase in
      the interest rate of more than one percent requires: • re-underwriting to ascertain
      the veteran’s continued ability to qualify for the loan, • documentation of
      the change, and • a new or corrected Uniform Residential Loan Application, (URLA)
      with any corrections initialed and dated by the borrower. Reference: For prior
      approval loans, see section 4 of chapter 5. VA Pamphlet 26-7, Revised Chapter
      3: The VA Loan and Guaranty 3-17'
  judgment: false
