Real Estate Buyers: Why a VA loan? Why not?!
Real Estate Buyers: Why a VA loan? Why not?! W hen you are looking for the best, lowest mortgage rate, the VA home loan is where it’s at. The VA loan program is the most powerful home loan program on the market for many veterans, service members and military families (Active Duty, Retired, and Disabled). These flexible, government backed loans are offered with significant benefits that open the doors of home ownership to veterans who might otherwise grapple (or not) to obtain a mortgage on a new home purchase. VA loans feature competitive rates and terms to qualified borrowers with little to no money out of pocket. According to Ellie Mae, VA mortgage rates continuously beat conventional rates by 25 basis points (0.25%) or more on any given day, with gaps as wide as 150 basis points for some borrowers with less-than-perfect credit scores. March marked the 23 rd month in a row in which VA mortgage rates being lower than conventional rates. Astonishing! Not on