Why do Realtors hate VA loans? Before guaranteeing mortgages, VA wants to ensure that homes purchased by eligible veterans are safe and secure and worth their sale price. ... Because VA estimates can increase their repair costs, home sellers … [Continue reading] about Is VA loan conventional or FHA?
Can I buy a million dollar home with a VA loan? VA loans in San Francisco, California, and Washington, DC, for example, will find that VA loans of one million dollars or more zero-down payments are actually possible. What is the maximum amount … [Continue reading] about Are VA loans cheaper?
How long does a VA loan pre approval last? Mortgage pre-approval letters are generally valid for 60 to 90 days. A lot can change with your credit history, income, and interest rate during this time. For this reason, VA loan pre-approval letters … [Continue reading] about Do VA loans take longer to close?
How much is the VA funding fee for first time use? Prepaid mortgage payments for VA are 2.3% with a down payment of zero, 1.65% with a down payment of 5% to 9.9%, and 1.4% with a down payment of 10% or more. Cash payments for a VA cash-out … [Continue reading] about Is a VA loan always better than conventional?
What is bad about a VA loan? Lower Closing Costs Lenders typically charge underwriting, processing, and documentation fees on all of their loans, but those fees may not be paid for by VA lenders and may be forced on their behalf by the lender or … [Continue reading] about Is a VA mortgage worth it?