Dean Rizzi

VA loans experience a revival. Why?
December 15, 2008 · · 6 Comments

There has been a surge in VA pre approvals over the past few months.  The main reason for this increase is the availability of ZERO down financing with the VA and the fact that it comes with no monthly mortgage insurance premiums.   It is virtually the only loan product left that will allow no money down.  Below is some information on VA loans.

Advantages of VA Financing

  • No down payment is required for veterans with full entitlement on real estate purchases up to $729,000.
  • Liberal underwriting criteria.
  • Fully assumable.
  • No prepayment penalties.
  • Fixed rates & adjustable rates available.
  • All funds used may be gifted from a relative.  

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