Comments on: VA Loan Foreclosure Rates

By: Mississauga Condos

Mississauga Condos — Sun, 07 Feb 2010 21:43:25 +0000

It is great to hear that segments of the American Real Estate Market have not suffered the full brunt of the Real Estate downturn. For states that have been hit hard by this epidemic, I wish that their financial intermediaries would look to Canada as the model for modern mortgage financing, as our local markets were virtually unaffected by the downturn. We have minimum 5% down payments across the board, overnight rates for lending remained low, hybrid mortgage programs with excellent re-payment privileges exist, and many first time buyer incentives and government programs. This has encouraged moderate steady growth, and abnormally low foreclosure rate.

By: Tempe Real Estate by Steve Trang

Tempe Real Estate by Steve Trang — Fri, 08 Jan 2010 06:33:01 +0000

It only makes sense since veterans will always be the most disciplined and honorable people in our country. I watched a great speech about how we can’t teach 18 year old boys to keep their rooms clean or take care of themselves, but the same kid as a soldier keeps his whole life in order.

By: Jacci

Jacci — Mon, 04 Jan 2010 07:22:42 +0000

Thanks Brandon. It’s great to see that VA loans have a lower rate of foreclosure.

By: Ryan Crozier

Ryan Crozier — Thu, 31 Dec 2009 00:15:55 +0000

Thanks for the article Brandon (& Eric for providing it)
That’s interesting that the VA loans have a lower rate of foreclosure. It’s makes total sense. Thanks for sharing. I’m going to be subscribing to this blog!

By: Red Bluff Property Management

Red Bluff Property Management — Tue, 15 Dec 2009 18:24:29 +0000

Good article. I think it is excellent the foreclosure rate is lower then the rest of the country. It’s interesting that 80% would not qualify under normal circumstances.

By: Josh Ferris

Josh Ferris — Tue, 15 Dec 2009 00:05:40 +0000

Great article Brandon! I have a community here in New York that is FHA/VA approved and it’s been a great option to have considering we’re less than 20 miles from West Point. Do you find that VA loans take a while to close? Our most recent buyer was using VA and it’s been taking FOREVER so she just switched over to FHA. Maybe an anomaly?