Updated about 6 years ago on . Most recent reply
VA Loan VS. Conventional Loan
Hello Everyone,
I looking at buy my first home I have the option of using the VA loan but I do have money to put the 20% down. I heard from some people a Conventional loan is better if you can but never a real good reason. What do you guys think?
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Jaron Walling
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Jaron Walling
#2 Rehabbing & House Flipping Contributor
Pro Member
#2 Rehabbing & House Flipping Contributor
- Rental Property Investor
- Indianapolis, IN
@Erik Fredriksen It's a throw away fee I'm pretty sure. If you have 3 or 5% down payment the % drops quite a bit. The whole 20% down or pay PMI thing is not even a factor for cheaper properties. I'm not sure what your market is like but PMI for my primary is $40 per month! That's pennies in my mind. The tenants can pay that for me when I rent it out.