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va mortgage rates FAQ
The VA Loan Guaranty Program does not provide the mortgage itself, the mortgage loans are made by private lenders such as banks, savings and loan associations, or mortgage companies. To get a loan, you must apply through a lender. Because the VA guarantees
Those seem high, im not sure what the current rate is but we just bought our house using the VA and we also got 5.5% fixed rate
Depends on what lender you are looking at. We use Citi for most of our VA loans and they are priced the same as FHA and are slightly better right now than Conventional. Some lenders do have higher rates because they do 100% financing and have no minimum
Yes, they can. The Veterans Administration does not actually make loans. They act as an insurance company. The money comes from the bank but the loan has an insurance policy in the form of the VA funding fee you pay to obtain the loan. This funding