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If you are a veteran and you want a mortgage, and you will get a loan Department of Veterans Affairs? If so, why? If not, why?
VA loans are one of the top benefits of military service, but many veterans choose other contexts. Just trying to get reactions from the community answers about why veterans would receive (or do not want to) Loans Department of Veterans Affairs.
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Accept mortgage loan Department of Veterans Affairs in
It was my ex is awarded the home
Search for a home loan to buy the
Where can I find the Excel sheet loan
Our loan Texas Department of Veterans Affairs. We
Our Loan Department of Veterans Affairs and debt
With a home loan Department of Veterans Affairs,
Is it possible to have a cosigner for
Question about closing costs. I just received my
The advantage is that you can, if you qualify, get 100% financing. There is more “red tape” and paperwork, however, than with a conventional loan. Shouldn’t a “home loan guru” know this?
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LikeDislikeI got a VA loan for a NEW house Sept. 2010 – my escrow was 27 days closed and moved in! NO paper work to do and NO red tape!
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LikeDislikeThey are not popular right now because of the seller contribution. Many sellers can not afford to contribute so it makes it really hard for the vet to find a home he both loves and will accept VA financing. 4% is just way too much in the present economy.
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LikeDislikeIf you have a COE
And you are qualified to buy a home
Then yes, VA is the way to go
No closing cost ($ 5000+)
And you can finance 100% (+$ 6000 over for repairs)
FHA and the other conventional mortgages require typically
$ 5000+ in closing cost at the closing
And unless you get an 80/20 loan at 8 to 12%
You have to come up with 20% down
I hope that answers your question
Brian, VSO in Okla
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LikeDislikeBenefit is 100% financing- pretty good rate. But if you can afford to go conventional (20% down) you get a slightly better rate & you don’t have to pay the VA funding fee (which is included in VA loan but it makes your mortgage loan higher). Both are very good loans & if down payment is an issue go VA & be happy with it. They are not nearly as hard as some people think. Good luck!
By the way, there are closing costs on VA- unlike what someone else said… try to get seller to pay them. Seller can pay up to 3% of closing costs & prepaids.
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LikeDislikeA vA loan is easy to get if I said IF you have the income / my NEW home house payments each month with insurance is $680.00 with a loan I started with $150,000.00 NO down 30 year fixed loan – I can and have paid down the loan = make extra payments when I can.
Keep in mine this is Oklahoma and home are cheaper.
I will get loan paid off in less then 30 years more like 15.
one asked how big of a home did i get – 3 bedrooms – two bath – 2 car garage – fenced yard – concret drive way and side walk – lot size – 150 deep x 90 wide – Yard was all planted in grass and new trees and flowers.
House has hardwood floors – tile bath rooms – kitchen with all new aplances – tons of cupbords –
so yes you can get a loan today – NO red tape (wages is key as is credit score) My socre was 738 at the time of buying my new house.
Imcome is KEY as is CREDIT SCORE – If you have tons of debt credit cards get that down first!
like I said befor I got a loan VA and did a 27 day excrow closeing builder paid closing cost I paid nothing down!
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