Posts Tagged ‘VA’

Va Loan - The Runt Of The Loan Program Litter

Thursday, July 31st, 2008

Over the past year since the mortgage and housing implosion has started, we have only heard about Fannie Mae this, and Freddie Mac that. Mortgage companies have come and gone, some deservedly. Fannie, Freddie and FHA maximum loan limits have been adjusted upwards, thanks to the stimulus package and soon to a more permanent status by the Congress, Senate and President. Many new programs have been developed such as FHASecure and Hope Now to help borrowers who have an adjustable mortgage about to reset. But what about the runt of the loan program litter that no one is paying any attention too. What about the good old VA loan? Being one of the last of it’s breed of 100% financing, the VA loan is for veterans and active duty military personnel, members of the reserve and National Guard.