November 5, 2024 12:55 pm
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Demand for VA loans up as other mortgages fall

VABy Catherine Reagor, The Republic | azcentral.com

New data show the number of veteran and active-duty military homebuyers is up in metro Phoenix.

Veterans Administration-backed mortgages climbed 18 percent in the Valley during March 2014 compared with March 2013. Deals using VA loans were the only type of home purchases that were up in March, according to TheWilcoxReport, a Phoenix-based site analyzing residential real estate.

VA mortgages don’t require down payments in some cases and do not require private insurance, so they are less costly for the borrowers.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.