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Of course to obtain a VA loan you will need to meet the requirements such as a being an eligible veteran or active duty member of the US Military, having a certain credit score, and being able to qualify based on your current income and the amount of your other debts.
You can learn more about this program here: http:
//afrmortgage.com
/va-loans.php
Best of luck!
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∙ 11y ago
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What is the difference between VA mortgage loan interest rate and conventional rates?
VA rates are about the same as FHA. FHA is about the same as conventional or within .25% of conventional. The key with VA is that you don't have any mortgage insurance premiums as you would with FHA and conventional loans when putting a downpayment of less than 20% when purchasing a home. VA is also a zero downpayment loan.
What mortgage rate will you get with a 650 FICO?
This will depend on the type of product you choose, and the term. With FHA/VA you may get a low rate, but with conventional it will be significantly higher.
What are the benefits of a va refinance option?
"There are many VA refinance options. You may refinance your VA mortgage for a lower rate, you may cash out, or you may refinance your current mortgage to a VA mortgage if you qualify for one."
What is a conventional Uninsured Mortgage?
Are you sure this is a "mortgage protection" question?
Is there a difference between jumbo mortgage rates and the rates of a conventional mortgage?
A jumbo mortgage is a loan larger than the conventional mortgage limits. The rates of jumbo mortgages is typically 0.25% to 0.5% higher than traditional mortgage rates.
What is the difference between VA mortgage loan interest rate and conventional rates?
VA rates are about the same as FHA. FHA is about the same as conventional or within .25% of conventional. The key with VA is that you don't have any mortgage insurance premiums as you would with FHA and conventional loans when putting a downpayment of less than 20% when purchasing a home. VA is also a zero downpayment loan.
Where can a veteran get a VA loan?
VA loans are mortgage options for borrowers who do not have down payments. They are available to veterans and active military personnel. VA loans are a little easier to qualify for than conventional mortgages.
What mortgage rate will you get with a 650 FICO?
This will depend on the type of product you choose, and the term. With FHA/VA you may get a low rate, but with conventional it will be significantly higher.
Does the VA guarantee their mortgage loans?
Yes, a VA mortgage loan is guaranteed. A VA loan is a mortgage loan guaranteed by the US Department of Veterans Affairs.
What are the benefits of a va refinance option?
"There are many VA refinance options. You may refinance your VA mortgage for a lower rate, you may cash out, or you may refinance your current mortgage to a VA mortgage if you qualify for one."
What is a conventional Uninsured Mortgage?
Are you sure this is a "mortgage protection" question?
What benefits does a VA home loan offer that other home loans do not offer?
VA home loans are one of the only loan programs that do 100% financing. Also, because the loan is backed by the government, it is not necessary to my PMI (mortgage insurance). Therefore, your monthly mortgage payments are substantially less than with a conventional loan.
Is there a difference between jumbo mortgage rates and the rates of a conventional mortgage?
A jumbo mortgage is a loan larger than the conventional mortgage limits. The rates of jumbo mortgages is typically 0.25% to 0.5% higher than traditional mortgage rates.
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
Is one of the advantages of getting a government sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
Where might one find VA mortgage rates?
The VA provides many services to military veterans. The best place to find the most accurate and up-to-date mortgage rates is the VA Mortgage Center. Quicken is also very accurate, and may provide the current mortgage rates.
Which is true of an adjustable rate mortgage?
conventional mortgages
