VA loans?
04-02-2008 | 05:33 AM
#1
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Gets Weekends Off
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From: PA-44 Left
VA loans?
I know VA have loans for housing, but what about for personal loans? I tried calling VA, but I can't talk to a human being. The website keep giving me error messages when I try to ask a question. Thanks.
04-02-2008 | 06:06 AM
#2
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From: B717 CA
I'm pretty sure it's only for housing. There are some restrictions too. For instance, you have to live in the house you use the loan for for a certain amount of years. In other words, you can't use it to buy an investment property right off the bat.
04-02-2008 | 08:42 AM
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It's not even a VA loan. It is a VA guarantee of the loan. The VA will Pay about $40,000 if you default and your house gets forclosed on, then the govt will collect it from you.
The best part is you don't have to put anything down and you dont need mortgage insurance. That can save you thousands over the life of the loan
The best part is you don't have to put anything down and you dont need mortgage insurance. That can save you thousands over the life of the loan
04-03-2008 | 04:50 AM
#5
Weekends off? HA!
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04-16-2008 | 04:29 PM
#7
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From: A330 FO
I don't think so. In fact, I think it's the opposite... if you are a certain percentage disabled (I can't remember how much), then you don't have to pay the funding fee. Contact your local VA for details.
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