South Bay Office - 650-479-5660
North Bay Office 415-515-9351
Dan Joy Realty & Alliance Home Loans Group, Inc.
DBA: Joy Realty Services
Dan Joy Himself

DRE# 01489244/NMLS# 1991474
Corp. DRE Lic. #02137466

The VA Loan is awarded for Honorable service to the defense of the United States against enemies foreign and domestic and the service member should receive pricing that is fair and reasonable. VA financing offers many advantages but service members and veterans should not rule out other types of home loans or other lenders. It’s always a good idea to compare the costs and terms of the VA loan with FHA and conventional financing as some lenders charge higher interest rates, more closing costs, have longer close of escrow periods, and less communication due to the size of the company . The VA loan may be a good value if the buyer does not have cash for a down payment. On the other hand, if a military buyer or veteran has adequate cash and can qualify for a conventional loan, making a down payment and avoiding the funding fee may be a better choice. Usually the VA loan is hands down the best loan to attain due to the lower interest rates, non-mortgage insurance, no prepayment penalty, insured by the government, and a fantastic debt to income ratio.