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frankmcdowell2000 · Joined: 07 Sep 2009 Posts: 57 0.00 Dollars($)

Is there any significant difference between FHA And VA loans?

gmakerley · Posted: Thu Oct 01, 2009 6:42 am Post subject:

well, the "A" is the same in both, but one has an "FH" in front of its "A" while the other has only a "V" in front.

gmakerley · Posted: Thu Oct 01, 2009 6:44 am Post subject:

it's kind of like "brawny" versus "bounty" i think, also.

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

Sir, I can't comprehend you.

gmakerley · Posted: Thu Oct 01, 2009 6:53 am Post subject:

you are not alone; sometimes i cannot comprehend myself.

JKennedySLG · Posted: Thu Oct 01, 2009 9:44 am Post subject:

VA allows for 100% Financing, as apposed to FHA maxing at 96.5% on Purchase transactions.

savior70 · Posted: Sat Oct 03, 2009 3:16 am Post subject:

Well said George!! and your sense of 'logic' is absolutely spot-on!! you've aptly highlighted the 'very basic' difference between FHA and VA, which many of us fail to notice!! Laughing

... and thanks to you, James, for your sincere answer. I wish the original poster were half as sincere in his queries as you were in your answer.

hemsleysue · Joined: 13 Sep 2009 Posts: 72 0.02 Dollars($)

hi frank,

there are major differences between FHA and VA loans

FHA stands for the Federal Housing Administration and is available to anyone as long as they meet income guidelines, and the property if FHA approved. it will allow 96.5% financing

VA is stand for the Veterans Administration, and VA loans are only available to veterans or people currently serving in the armed forces
it will allow 100%

gmakerley · Posted: Sat Oct 03, 2009 8:00 am Post subject:

thank you savior....i slaved over that answer...gave it deep thought, did copious research, wrote, rewrote, edited, rewrote again...and finally (!) felt confident enough in what i wrote to actually post it. it was pure agony, really.

i appreciate your kind words.

gmakerley · Posted: Sat Oct 03, 2009 8:02 am Post subject:

oh yeah...insofar as sincerity is concerned...my reply there was oh so sincere.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Simple questiosn got spinned around in so many ways

http://www.mortgagefit.com/homeloan/qualify-fha.html

http://www.mortgagefit.com/va-loan.html

Just check these two, it may help

Company	Loan Type	APR	Est. Pmt.
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Property State:
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