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Answers (1)
- Liberty Mortgage
- Contributions:470
It is possible to refinance into a VA loan from a Conforming and or FHA loan. Please keep in mind that a VA loan requires a funding fee- Similar to the up front Mortgage Insurance Premium that comes with an FHA loan. The only reason to convert to a VA loan would be the following-
a) to get rid of monthly mortgage insurance as a VA loan does not,
b) to get a lower rate.
Please keep in mind the property must have equity in it and be a primary home.
a) to get rid of monthly mortgage insurance as a VA loan does not,
b) to get a lower rate.
Please keep in mind the property must have equity in it and be a primary home.
Is it possible to convert a from a conventional or fha loan to a Va secured loan after home is built
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