[quote=briansd1] . . . I was wondering if the interest rates and the points on a 5%-down VA loan would be the same as the costs on a 20%-down conventional loan.[/quote]
The VA funding fee makes the closing costs higher than a conventional loan. Don’t know what the current funding fee is. Perhaps it can now be wrapped into the loan, which could render the buyer “underwater” at the time of purchase if they put little to nothing down. If you try to pass the FF onto the seller, they my balk. And, not sure if VA loan rates are better than conventional rates or if there are currently points attached to the rate.
Sellers don’t usually like the VA program because they are usually asked to kick in some or all of the closing costs in it.
