Quote:
Originally Posted by silvertoken
A veteran gets a VA loan to avoid private mortgage insurance, PMI. All they pay for is a VA funding fee which is 2.25% of the cost of the house. This is usuallly added to the cost of the house at closing.
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Our next door neighbors from VA were here last week and found a house that they wanted to buy (new), and tried everything imaginable to get a VA loan, but were not allowed. They finally had to go conventional.
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Greg
A pessimist is an optimist with experience.
"In my many years I have come to a conclusion that one useless man is a shame, two is a law firm and three or more is a congress." - John Adams
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