In the past year I have heard many disparaging remarks about VA financing, and I would like to clear up the top 3
Q: VA loans Cost more
A: False; in most cases the VET comes in with ZERO dollars to close and NO Down Payment.
Q: The Seller has to pay additional cost to sell the a VET
A: False; The Seller is NOT obligated to pay the VET’s loan cost, there are NO special costs just because a seller sells to a VET
Q: VA loans are difficult to qualify for.
A: False; In most cases the VET doesn’t need money to close and I have seen DU allow higher debt to income ratio on VA loans
Please call or email questions or the borrower’s contact information
Interest Rate and Payment Example based on 8/1/2012 rate sheet
100% Financing, O/O, 700 FICO, SFR