VA Loans Outperform as Loan Demand Stalls

 VA Loans Outperform as Loan Demand Stalls
On the rise this week, however, were loans guaranteed by the Department of Veterans Affairs, which jumped to 11 percent of total applications. VA loans have exceeded the FHA’s share of loan applications for the last three weeks. FHA loans are usually the most popular of loans backed by the government, but FHA loan shares dropped to 9.6 percent share last week.“Higher fees and insurance premiums [with FHA loans] have kept many borrowers away from even this low down-payment loan option,” CNBC reports. “VA loans require no down payment in most cases and do not require mortgage insurance. This may be why they've gained popularity as home prices continue to rise.” Read more