More local families taking advantage of VA financingOctober 15, 2012 @ 8:52 am
More Puget Sound-area military families and veterans are taking advantage of loans guaranteed by the Department of Veterans Affairs, according to the latest statistics released by the department.
VA mortgages rose 50 percent to almost 540,000 loans in fiscal year 2012, the most since 1994, according to Mike Frueh, the director of loan guarantee service. Local activity mirrored the national numbers.
Current and former military members found VA programs more attractive because of the tighter credit standards on conventional financing.
Low interest rates were part of the draw, as about 338,000 of the VA loans were for the purpose of refinancing. Additionally, VA loans for purchases were up almost 10 percent over the previous fiscal year.
'Intentional & Dishonest'
Jason Rantz asks, why is SDOT minimizing the number of drivers coming into Seattle?
Danny O'Neil says Sunday's game isn't about the Raiders
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.