Understand that the VA (Veterans’ Administration) is, in the mortgage world, like HUD is with FHA financing. They are an insurance company, collecting premiums and using the backing of the Federal government to guarantee the payments to lenders. Because of the government’s guarantee, lenders can stretch traditional guidelines and offer very competitive terms (of course, while adhering to the VA’s guidance).
Josh Mettle's Mortgage Blog
This blog was designed to keep Realtors and other real estate professionals informed about the changes, advances and problems facing the Utah mortgage industry. I'm an information junkie, my goal is to filter out the noise and pass on only the juiciest, most important information to you!
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