VA Loan Approval Rates Improved
Having said that, it is become simpler to secure approval for the VA loan compared to past years. The closing that is average of VA loan requests went as much as 73% this present year, up from 56per cent in 2014, and also as low as 65% in 2018.
VA purchase applications regularly see higher rates of approval than refinance applications: three away from four purchase loans make it to closing, while only around 66percent of VA refinances have the ability to shut. Read more →