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As the VA loan turns 80, its economic impact is in the trillions

Housing Wire

Department of Veterans Affairs (VA) has contributed $3.9 The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22. In conjunction with University of Missouri economics professor Joseph Haslag, Veterans United analyzed the historic benefits of the VA loan program.

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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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Can Closing Costs Be Rolled Into Your Mortgage?

Redfin

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. However, the trade-off is higher monthly payments and more interest paid over the life of the loan. What are closing costs?

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Today’s Mortgage Rates March 4, 2025: Rates Have Dropped Sharply

Marco Santarelli

VA Loans: For eligible veterans, VA loans offer great benefits, including no down payment and often lower interest rates. FHA Loans: FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or smaller down payments. ARMs can be risky.

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Assumable Mortgage Approval Timelines are Dropping Fast

Lab Coat Agents

Qualification Process: While buyers still need to qualify for an assumable mortgage, the process may be more streamlined compared to applying for a new loan. Types of Assumable Mortgages There are three primary types of assumable mortgages: VA Loans: Backed by the U.S.

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Mortgage Refinance Rates January 25, 2025: A Closer Look

Marco Santarelli

VA Loan Advantages: If youre a veteran or on active duty, you should definitely pay attention to this. VA loans are government-backed and tend to have some seriously attractive rates. The 15-year VA refinance rate, at 5.89% , is particularly eye-catching, it is about 0.2% lower than conventional 15-year loans!

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Today’s Mortgage Rates Fall: December 31, 2024 Insights

Marco Santarelli

30-Year VA 6.08% -0.04 15-Year VA 5.63% -0.07 5/1 VA 6.27% -0.03 30-Year VA 6.11% -0.03 15-Year VA 5.99% -0.01 5/1 VA 6.50% -0.04 However, its essential to consider: Fees and Costs: Refinancing can incur closing costs and fees, which can offset potential savings from a lower rate.