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VA purchase mortgage. For buying a home. VA construction loan. For building a home, including buying the land or lot, labor and materials. Interest Rate Reduction Refinance Loan (IRRRL) or VA ...
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and ...
Your battle plan for getting a VA loan. A bit lengthy, but well worth the effort. ... if you make an offer to buy a home for $300,000 but an appraiser determines it’s worth $280,000, an ...
Michael Anderson, a mortgage loan officer with Charter West Bank in the Omaha, Nebraska, area, said using the VA home loan program increases buying power. “Say you wanted to keep your payment at ...
For example, if you got that same $240,000 loan at a 7.5 percent rate, the payment for monthly principal and interest increases to $1,678. According to a Fannie Mae study , more than a third of ...
There is no mortgage insurance on VA loans – Mortgage insurance tacks on a significant upfront cost for borrowers with FHA loans — 1.75 percent of the loan amount. With VA loans, though, there ...
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