Many Veterans fall for online lenders who claim or strongly insinuate to be part of the VA. Did you know that the VA doesn’t lend money? It simply guarantees – let’s call it an insurance – that lenders won’t lose too much money if the loan turns bad. Many lenders take advantage of our vets by leading them to believe they are the VA, often resulting in horrendous over charging.
Many local lenders Underwrite V.A. backed mortgages in a timely and cost effective manner.
They are also aware or informed of any additional benefits a borrower may qualify for, (i.e. wounded in active duty).