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The Water Cooler
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VA Home Loan questions
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<blockquote data-quote="gunnut" data-source="post: 2122190" data-attributes="member: 2903"><p>Bought my home using a VA loan. Great experience. I put nothing down, don't have PMI, and if you have a service connected disability, there is no funding fee. I also refinanced my VA loan through a streamline refi, and the processes was incredibly easy and dropped my interest rate by over 1% and lowered my monthly payment by a couple hundred dollars. Also I believe that by going VA, the seller is required to pay certain closing costs which was even more in my favor. Your lender should be able to run the numbers for a VA loan vs. FHA or conventional. Whichever comes out less out of your pocket with everything considered should be your winner. For me, VA was the way to go.</p></blockquote><p></p>
[QUOTE="gunnut, post: 2122190, member: 2903"] Bought my home using a VA loan. Great experience. I put nothing down, don't have PMI, and if you have a service connected disability, there is no funding fee. I also refinanced my VA loan through a streamline refi, and the processes was incredibly easy and dropped my interest rate by over 1% and lowered my monthly payment by a couple hundred dollars. Also I believe that by going VA, the seller is required to pay certain closing costs which was even more in my favor. Your lender should be able to run the numbers for a VA loan vs. FHA or conventional. Whichever comes out less out of your pocket with everything considered should be your winner. For me, VA was the way to go. [/QUOTE]
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