Thread: Penfed denies house loan to retiring officer
View Single Post
Old 03-09-2014, 04:58 PM
  #25  
DustoffVT
Sequester bait
 
DustoffVT's Avatar
 
Joined APC: Jul 2007
Position: UH-60, AS-350, C-550
Posts: 273
Default
Originally Posted by PilotWife2 View Post
Just an FYI...VA rate pricing is significantly better at this time than Conventional pricing. Often I can pay the VA funding fee and all closing costs with a rate that is lower than Conventional. Just depends on the loan value and your credit scores.

As far as hoop jumping to obtain the loan, since the mortgage crisis, all loan programs involve a fairly significant amount of documenation. There isn't the big difference between what's involved for VA vs Conventional anymore.

Can you give examples? As of 2 minutes ago PenFed is showing 4.25% for both regular and VA Loans (30yr fixed).

I too had a Penfed refi go off the rails due to mismanagement on their end (original loan officer was fired, next one was brand new). By the time they recovered the rates had shot up, and they wouldn't honor the 3.125 I had initially locked in.

thx
DustoffVT is offline  
Reply