Realtor, Tennis Player, Titans & Vols Fan, Nashvillian… Live! Work! Play! in Middle Tennessee

VA Loans Gain Popularity as FHA Costs Rise

leave a comment »

VA Loans Gain Popularity as FHA Costs Rise
Daily Real Estate News | June 13, 2014

NAR LogoThe Veterans Affairs loan program – which has long been saddled with low participation rates – is garnering more attention. For fiscal year 2013, VA lenders originated a record 629,300 single-family loans.

More military members are reaching for VA loans at a time when sharp increases in Federal Housing Administration mortgage premiums have made FHA loans less attractive, says Megan Booth, senior policy representative at the National Association of REALTORS®.

Real estate professionals and lenders have stepped up efforts to educate military members about the availability of VA loans.

Less than 12 percent of the 16.4 million active-duty service members and military veterans with a mortgage have a loan guaranteed by the Department of Veterans Affairs.

Some housing experts blame it on the lack of promotion of the VA loan program, in which some say that loan officers don’t even ask potential clients if they are veterans.

“There are a lot of misconceptions about the VA home loan program among real estate, lending, and housing professionals,” says Son Nguyen, president of the Veterans Association of Real Estate Professionals.

David Gibbons, the national VA mortgage program manager at Wells Fargo Home Mortgage, says that there is a large percentage of people who are eligible for a VA loan but choose not to use it because they don’t understand it. “That is where education and outreach could be effective,” Gibbons says.

The Department of Veterans Affairs is recently taking efforts to make its loan process more efficient for buyers and housing industry professionals, like real estate professionals and lenders. For example, an automated underwriting system is being evaluated to help make credit risk assessments more seamless as well as addressing steps to speed up the appraisal process. The VA is the only agency that is required by law to maintain a panel of appraisers and assign work on a rotational basis.

Source: “Underused VA Mortgage Program Makes Inroads as FHA Costs Rise,” National Mortgage News (June 11, 2014); Daily Real Estate News (061314)

KENNETH BARGERS, REALTOR® | Bargers Solutions real estate|marketing
a proud member of Pilkerton Realtors

(615) 512-9836 cellular | (615) 371-2474 office email | web blog | web

2 Cadillac Drive, Brentwood TN 37027 address

Subscribe BLOG: EMAIL ME your name/email address to receive Kenneth Bargers Blog
Subscribe NEWSLETTER: EMAIL ME your name/email address to receive In The News

let’s connect…




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Ad, Sales & Marketing.

Rachel Being Chatty

Now featuring 15% more sarcasm.


The Casual Way to Discuss Movies

The Ninth Life

It's time to be inspired, become encouraged, and get uplifted!


The Casual Way to Discuss Movies

The Shameful Sheep

shit storms, shame, and stories that make you cringe

Autoindigo Blog

Fresh news about automotive world. Cars overviews written by experts, pros and cons, features, performance, safety, interior and driving.

Little Fears

Tales of whimsy, humor and courgettes

VR, AR, 3D and Video Glasses Reviews

Woodstock Business Welcome

Welcome Wagon Canada

Blookup Blog

Turn and print all your digital contents, blogs and social networks into amazing real paper books on


Graphic Designer


Sabbles woz 'ere


A town everyone hates, yet no one leaves...

Attila Ovari

Loving Life and Inspiring Others

Augusta Littleton

Nonprofits and Charities

The Home Buyer Class Blog

What to know when buying a home

The Contractor's Cabinet

A Blog On Construction & More


Love, Travel Lifestyle and Destinations


My journey - The good, bad and the ugly


"A Blog worth reading "

john pavlovitz

Stuff That Needs To Be Said

Smart Discount Shop

Discover all the creative and ingenious ways to save money !


4 out of 5 dentists recommend this site


A great site

Vonj Productions

Bringing you love through spirit!

The Dystopian Nation of City-State

A cruel, futuristic vision created by science fiction authors James Courtney and Kaisy Wilkerson-Mills. ©2013-2016. All Rights Reserved. All writings available through Amazon.

Bubba Pigg

South' s Leading Anti- Intellectual: Wealthy in Common Sense and the Wisdom of Selfishness

@TheTexasBroker Blog

Real Estate Sales Houston Texas

The Travelling Pantry

Adventurous, Honest and Wholesome

Top 10 of Anything and Everything!!!

Animals, Gift Ideas, Travel, Books, Recycling Ideas and Many, Many More



William the butler

Serving drinks since 1985


This site is the bee's knees

Plutonium™ Paint

Ultra Supreme Professional Grade Aerosol Paint

Covered in Beer

by Thomas Cochran, Known Moron

Natalie Breuer

Natalie. Writer. Photographer. Etc.

Post it Notes from my Idiot Boss

delivered directly to my computer monitor on an all too regular basis...

Late Blooming Entrepreneurs

Making it big in business after age 40