A VA Home Loan equals lower closing costs
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It's true veterans do pay lower closing costs if they are use a VA home loan. The reason for this is because of "non-allowable" closing costs.
With a VA Loan, the veteran can only pay 1% origination, appraisal, and other costs that pay for actual services...any other fees must be paid for by the seller or the lender. On a typical home purchase this can save hundreds if not more. In addition to paying lower closing costs with a VA loan, the seller is allowed to pay the closing costs for the veteran.
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