Not exact matches
Furthermore, because USDA home
loans do not have a specific
loan size limitation, home buyers can theoretically borrow more money with a USDA mortgage than via
conventional, VA or FHA
routes.
The other knock about going the
route of the Reverse Mortgage over the
Conventional loan in some people's opinions is that Reverse Mortgages are too expensive.
A better strategy is to take advantage of the low interest rates, get a 30 year VA
loan and find a different
route to the next property... like saving up another 20 % for a regular
conventional mortgage.
Qualifying borrowers can also take the cash - out
route to refinance a
conventional mortgage into a VA
loan.
Few people go this
route; instead, most refinance into a
conventional loan.