Getting ready to buy a home and just trying to figure out the best way to go. Will have 300-400k to put down. When using all the calculators it is populating my interest rate much lower using conventional vice VA loan. I'm still about 6-7 months out from pulling the trigger bust just trying to ensure that I am taking the right path for the best interest rate. For reference just using on calculator the VA loan seem locked in at a bit above 6.2% vice the conventional dropping it down to 3-4% depending on the loan amount
VA or Conventional home loan
byu/Zealousideal_Cup5966 inMilitaryFinance
Posted by Zealousideal_Cup5966
1 Comment
No idea how you get 3-4% on conventional today. If you can without significant interest rate buy down id lock it in now. Otherwise use the program that resukts in the vest rate, least cost and no PMI.