Financing in 32578 : Real Estate Advice

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Dianne Langs…, Real Estate Pro in Fairfield, CA
Dianne Langston answered:
On a VA loan under the current rules, with 100% financing do borrowers have to pay mortgage insurance?
No they do not. The VA loan is a guarantee itself. The VA does not actually loan the money, it gurantees the repayment by the Veteran. It limits the lenders losses.
0 votes Share Flag Wed Feb 23, 2011 Financing in Niceville
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