deciding between VA mortgage & conventional

Thank you for your question, Timothy. It's really going to depend on your particular set of circumstances and which way you think is best. A VA Loan will typically have an interest rate that is about 0.5% less than a Conventional Loan, however, the VA also charges a 1.25% upfront Funding Fee that is typically financed into the loan (unless you have a service-connected disability, in which case you would be exempt). A Conventional Loan with 20% down won't have any MI, but the interest rate will be higher by about 0.5%.Feel free to reach out to me if you'd like to get the process going.

VA is literally the best loan product on the market, and it's only available to those with qualifying VA benefits.. VA will go 100% financing, and the interest rates are lower than conventional rates, and your not required to pay mortgage insurance. if you have a military related disability, then you would be exempt from the VA funding fee, which would typically would be 1.25% if it's your first time using VA and you were not a reservist.. I think if you contact a local mortgage broker, they can do a side by side comparison and point out the benefits to both programs.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com