Types Of Fixed Rates Loans

Types Of Fixed Rates Loans

Types Of Fixed Rates Loans     Fixed rate products with the options of 15, 20, 25 or 30 year terms. The interest rate remains fixed for the life of the loan. These loans are guaranteed by the Department of Veteran Affairs. Loans are assumable under certain conditions and do not contain a prepayment penalty. Eligible properties include Single Family Attached, Single Family Detached, Condo / PUD, 2-4 units and Manufactured Homes. Veterans must be VA eligible as defined by…

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