2006-09-22 11:20:07 · 2 answers · asked by mplimp2000 2 in Business & Finance ➔ Investing
It depends on the market conditions. Sometimes VA loans are advantageous, sometimes not.
In theory, VA loans can be had for "zero-down." In practice, the fees associated with the loan, plus the advance of funds you need to make, can be quite substantial. The other downside of VA loans is that they take more time to close than regular loans.
I would advise in any case that you talk to 2-3 loan agents or bank lending departments, and include in them a loan agent who also does VA loans. Before applying, ask for an estimate of actual cost to close the loan and the amount of the payments. Then compare and choose the best route.
Best of success.
2006-09-25 08:09:02 · answer #1 · answered by Thinker 5 · 0⤊ 0⤋
I think you get to move in for a dollar. No outrageous down payments.
2006-09-22 19:49:14 · answer #2 · answered by CHEYENNE 3 · 0⤊ 0⤋