VA Loans – A huge advantage for veterans
This is one of the government’s success stories. They really take care of veterans with this loan…and they are one of the best performing loans in the industry.
A veteran doesn’t need to have excellent credit nor a big down payment.
Even though a VA loan boasts a 0% down payment, there are still fees that need to be paid. Those usually come to a couple/few thousand dollars. However, with a savvy loan officer and Realtor team, a veteran can come in with absolutely no money.
VA interest rates normally are about .25% better than conventional rates and do not have any mortgage insurance. There is a VA funding fee that gets rolled into the loan, but even that can be waived for some disabled veterans.
Overall, the VA and the government get an A+ for this veteran perk.
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