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What is the difference between VA mortgage loan interest rate and conventional rates?
DanMerrin
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.
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∙ 13y ago
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