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Credit crisis not affecting VA loans.

posted October 31, 2008 - 2:24pm
Credit crisis not affecting VA loans.

While the credit crisis is affecting all other areas of the mortgage market and causing tighting, VA is loosening its guidelines. See how VA is allowing larger loan amounts and higher LTV's for borrowers wishign to refinance. VA issued a circular stating that they will now allow larger jumbo size mortgages to help veterans in higher priced areas. They alsoo released guidelines that will allow veterans to refinance up to 100% of the value of their property.

Read more at VA Info


Website: http://www.vainfo.net
Author: dsemler
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