A VA Loan isn't Always the Best Loan for a Veteran!
By Sue Botelho, USDA Rural Housing Mortgage Pro
(Waterstone Mortgage Corporation)
If your buyer is eligible for a VA loan, and are looking to purchase a primary home, the following information may be VERY helpful to you. We have found that Rural Housing loans or FHA loans, the Rural Housing loan in particular, can be the best mortgage available, even better than a VA loan in most cases. The Rural Housing loan is specific to particular areas based on full-time population as determined by the US Census Bureau. For instance: in our local area, all of Walton County and Santa Rosa County qualify, as do: west of Hurlburt Field, Destin, Crestview, Niceville and Valparaiso. The Rural Housing loan is very similar to the VA loan with four major differences: It is restricted to certain geographical locations of the property (see above - for the most part, in our local area,...
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