Yes, even requiring zero down, VA borrowers paid lower rates than FHA and conventional borrowers.īut how are they for sellers? Busted myth: VA loans fail to close more often

And, in its November 2018 Origination Insight Report (the latest available as of this writing), it found that VA loans had the lowest mortgage rates. Mortgage data tracker Ellie Mae reports mortgage statistics nationally. These are arguably the best mortgages out there for borrowers. Related: 10 biggest benefits of VA home loans in 2019 The lender won’t lose money if the buyer defaults. VA mortgages are attractive to mortgage lenders because the loans are backed by the federal government. It allows buyers to finance homes with no down payment or mortgage insurance. The VA home loan is an earned benefit for military members and veterans. If you’re not close to the military, you may not even know what a VA loan is. Find VA and other home loan rates What are VA loans? And VA’s flexible guidelines may be the only reason your buyer can purchase your home. Today, you’re likely to have roughly the same issues with a buyer who has this sort of mortgage as any other. The short answer is “no.” It’s true VA loans were once harder to close - but that’s ancient history. Yippee! But your would-be buyer has a VA loan lined up.

Your home is on the market, and you receive an offer. Febru6 min read My buyer has a VA home loan: Is that good or bad?

Va loan home appraisal checklist