VA Mortgage Center.com’s newest feature is likely to surprise many readers. The new Statistics and Reports Section was compiled to educate visitors and dispel misconceptions about the VA Home Loan Program. The data presents facts in a number of categories including “Availability and Awareness,” “Qualifications and Typical Loans.” There are also statistics compiled from US Census data detailing the demographics of Veterans living in America.
Possibly the most surprising statistic is that 80% of VA Loan borrowers could not qualify for a conventional loan. Interestingly enough, VA Loan foreclosure rates have been dropping while other types of loans continue to have rising foreclosure rates. The census statistics offer interesting insights about the rising rate of Veterans in the Southern United States, while the rate decreases elsewhere. Another rise has been in the number of female Veterans, though it’s only been a 2% increase in the past 20 years.
For more facts and figures, visit our brand new Statistics and Reports Section. Click here.
wow that is really awesome! what a great tool. It really breaks it down and shows you how much better the va is!
I am trying to get ahold of David Slizewski. Please give me a call asap.
Thank you, Dana
I am trying to get ahold of David Slizewski. Please give me a call asap. 801-228-8471 (cell)
Thank you, Dana
This is not actually a loan “scam”, nor did the loan officer do anything wrong. In a declining market like this, many lenders are going to be hamstrung by the appraisal results, which again in this market are going to bring value in lower, which makes the refinance impossible due to high LTV (loan to value).
Also, the “processing fee” you mentioned was more than likely the appraisal fee, which was paid by iFreedom to an independent 3rd party appraiser. If the appraiser had brought your home’s value in higher, you would have had no problems with your loan.
A previous comment referring to iFreedom was removed by our Editorial Staff as they were at no fault in the process.