Low Rates Spur Growth In VA Mortgages


Posted on Oct 17, 2012

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Low VA mortgage rates and common-sense underwriting have helped boost VA lending to an 18-year high. For today's military borrower, for purchase and for refinance, the VA loan is often the most sound, more cost-effective mortgage program available.

The VA loan is a mortgage program for veterans of the U.S. military. Structurally, a VA loan resembles most other loan type -- as a homeowner, you borrow some amount from the bank, then make monthly payments until the borrowed amount is paid-in-full.

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