As more military service members and veterans enter the housing market, it’s important for them to have real estate agents who are up to date on VA loans and market trends to guide them through the purchase process.
In fact, VA loans have a higher closing rate percentage than both FHA and conventional loan products.
Data from the most recent Ellie Mae Origination Insight Report provide a detailed look into the housing market and show VA purchases closed at a rate of 73.9%, significantly higher than FHA purchases at 62.1% and conventional purchases at 68%.
What does this mean for agents? It means that VA loans are reliable and VA buyers are more likely to close on their home once under contract.
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To find out what you qualify for with a VA or FHA loan give us a call today!
The Easterbrook Team with Sierra Pacific Mortgage
John Easterbrook NMLS# 226555
P: 916.224.7653
Patty Aguon NMLS#994635
P: 916.833.5063
EasterbrookTeam@spmc.com
806 Bidwell Street
Folsom, CA 95630
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