Is a VA loan better to get with no $ down or would I be better off apply for a convential loan?

Asked by Juicedformovin, Seattle, WA Fri May 10, 2013

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Bob Savage, Agent, Bellevue, WA
Fri May 10, 2013
I would be happy to refer you to an excellent mortgage broker in the Seattle market who has lots of experience with VA loans, if you need one.
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Ray Akers, Agent, Seattle, WA
Fri May 10, 2013
You will have less money out-of-pocket with a VA loan. However, a conventional loan will have a lower payment ---because you put more money down. If you can afford a larger down payment, then you're better off with a conventional loan. If you make a down payment of 20% or more, you can avoid PMI (mortgage insurance).
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Curly Sue, , Texas
Fri May 10, 2013
It all depends on how you look at it. A conventional loan costs less in the long run, but do you have the down payment?
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Ron Thomas, Agent, Fresno, CA
Fri May 10, 2013
Who knows!
Every situation is different;
One may be more expensive today, but better in the long run.
If you have a good down payment; maybe you'd be better off with a Conventional loan.
You cannot possibly share your personal info over this site; you need to sit down with a Mortgage expert.
Oh, and, thanks for serving.
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