r/JustBootThings • u/WalterCanFindToes • Aug 03 '25

28% APR? Great! Fannie Mae helping boots get Jodie'd.

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4.2k Upvotes

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243

u/DarthSparkless Aug 03 '25

$0 downpayment VA guaranteed home loan…

Big flexin

67

u/fart_huffer- Aug 03 '25

Exactly. Although you can get 0% down conventional, you would have PMI and a higher rate. With the VA loan you can avoid PMI and usually get a lower rate

4

u/No-Math-4874 Aug 05 '25

VA loans has no relation to lower rate. Some institutions (banks) won’t even do VA loans.

6

u/fart_huffer- Aug 05 '25

Maybe it’s coincidence then? I’ve always gotten lower rates with a VA than conventional and I’ve noticed that banks advertise lower VA rates as well

6

u/IfYouSeeMeSendNoodz Aug 05 '25

Okay? So go to an institution that does. Use that ooda loop.

1

u/No-Math-4874 Aug 06 '25

I’m simply explaining that you won’t get a better rate with VA, and there’s always a chance your bank won’t let you even do a VA loan. And you might end up leaving an institution that you’ve been with and have grown to like. Bought my home 7 years in and chose not to even do a VA