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Are VA mortgages worth it?

Why do sellers prefer conventional over VA? Some agents advise home sellers to take conventional loans or cash offers, even if they are lower than VA offers, as these options are perceived to be less hassle than VA loans. ... "Choosing

What are the pros and cons of a VA loan?

Does VA require PMI? Do VA loans require PMI? No, unlike other loans, you don't have to worry about PMI. Due to entitlements, which usually amount to more than 20 percent of the home's value, you don't have to pay PMI with a VA loan.

Is FHA or VA loan better?

Are VA loan appraisals tougher? The Department of Veterans Affairs is endorsing the house, so they want to make sure the house is in good condition before approving any type of mortgage loan. This makes most VA assessments more

Who pays closing costs on VA loan?

Can a veteran pay for repairs on a VA loan? VA can guarantee an alteration and/or repair loan that allows the improvements to be valued and completed after loan closing. Loan proceeds are paid to the builder and/or contractor during

Why do sellers hate VA loans?

What are the pros and cons of a VA loan? AdvantagesConsNo down payment requiredMust be eligible based on military serviceNo loan limitsMore stringent assessment requirementsNo income restrictionsStay longer between refinances than

Why are VA loans bad?

How strict are VA loans? Upon granting a VA loan, the borrower may choose to increase any number of asset limits. Some give money is very honest, while others are more satisfying. For example, when the VA authorized the purchase of